Shares of Lument Finance Trust, Inc. (NYSE: LFT) received an average rating of “Buy” by the eight brokerages that hedge the stock, reports MarketBeat Ratings. One analyst rated the stock with a sell rating and six issued a buy rating on the company. The 12-month average price target among brokers who issued ratings on the stock in the past year is $ 4.50.
A number of research companies have published reports on LFT. Zacks investment research downgraded Lument Finance Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, November 16. B. Riley began covering Lument Finance Trust in a research note on Friday October 15th. They set a “buy” rating and a price target of $ 4.50 for the company. Piper Sandler began covering Lument Finance Trust in a research note on Friday, December 17. They issued an “overweight” rating and a target price of $ 4.50 on the stock. Finally, JMP Securities reaffirmed a “buy” note on Lument Finance Trust shares in a research note on Thursday, November 11.
Large investors have recently bought and sold stocks. Connor Clark & Lunn Investment Management Ltd. purchased a new equity stake in Lument Finance Trust in the second quarter valued at approximately $ 67,000. Millennium Management LLC increased its stake in Lument Finance Trust by 22.1% during the 1st quarter. Millennium Management LLC now owns 26,859 shares of the technology company valued at $ 95,000 after acquiring an additional 4,866 shares during the period. Ritholtz Wealth Management increased its stake in Lument Finance Trust by 68.8% during the 3rd quarter. Ritholtz Wealth Management now owns 33,808 shares of the tech company valued at $ 134,000 after acquiring an additional 13,774 shares during the period. State Street Corp increased its stake in Lument Finance Trust by 29.2% during the 2nd quarter. State Street Corp now owns 69,547 shares of the tech company valued at $ 299,000 after acquiring an additional 15,723 shares during the period. Finally, O Shaughnessy Asset Management LLC increased its stake in Lument Finance Trust by 6,474.7% during the second quarter. O Shaughnessy Asset Management LLC now owns 74,754 shares of the tech company valued at $ 315,000 after acquiring an additional 73,617 shares during the period. 30.60% of the shares are currently held by institutional investors.
Lument Finance Trust shares traded down $ 0.08 during the midday session Wednesday, reaching $ 3.90. The stock had a trade volume of 337 shares, compared to its average volume of 78,093. Lument Finance Trust has a 12-month low of $ 2.96 and a 12-month high of $ 4.48. The company has a market cap of $ 97.30 million, a P / E ratio of 13.27 and a beta of 1.22. The company has a fifty-day moving average price of $ 3.88. The company has a debt ratio of 7.80, a current ratio of 24.30 and a rapid ratio of 24.30.
Lument Finance Trust (NYSE: LFT) last released its quarterly results on Tuesday, November 9. The tech company reported earnings per share (EPS) of $ 0.06 for the quarter, missing analyst consensus estimates of $ 0.09 per ($ 0.03). Lument Finance Trust had a net margin of 29.77% and a return on equity of 9.57%. During the same period last year, the company posted EPS of $ 0.11. On average, stock analysts expect Lument Finance Trust to post an EPS of 0.39 for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 18. Investors of record on Friday, December 31 will receive a dividend of $ 0.09. The ex-dividend date for this dividend is Thursday, December 30. This represents a dividend of $ 0.36 on an annualized basis and a dividend yield of 9.23%. Lument Finance Trust’s dividend payout ratio (DPR) is currently 120.00%.
Lument Finance Trust Company Profile
Lument Finance Trust, Inc. operates as a real estate investment finance company, which engages in the investment, financing and management of a portfolio of commercial real estate investments (CRE). It invests primarily in transitional variable rate commercial mortgages and other CRE related investments, such as preferred shares; commercial mortgage backed securities; mezzanine, fixed rate and construction loans and; other debt instruments of the CRE.
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