Lument Finance Trust (NYSE:LFT) Stock Rating Lowered by Raymond James

Lument Finance Trust (NYSE:LFT) was downgraded by stock analysts at Raymond James from an “outperform” rating to a “market perform” rating in a report issued on Thursday, MarketBeat.com reports.

Lument Finance Trust Stock Performance

LFT opened at $2.65 on Thursday. Lument Finance Trust has a 12-month low of $1.91 and a 12-month high of $2.75. The stock has a market cap of $138.48 million, a price-to-earnings ratio of 8.28 and a beta of 1.06. The business has a 50 day moving average of $2.53 and a 200-day moving average of $2.45. The company has a quick ratio of 5.78, a current ratio of 5.78 and a debt-to-equity ratio of 5.64.

Lument Finance Trust (NYSE:LFT) last released its quarterly earnings data on Monday, August 12th. The technology company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). Lument Finance Trust had a net margin of 16.91% and a return on equity of 14.10%. The business had revenue of $30.64 million during the quarter, compared to analyst estimates of $9.82 million. During the same period in the previous year, the business earned $0.04 earnings per share. On average, equities research analysts expect that Lument Finance Trust will post 0.42 earnings per share for the current year.

Institutional Trading of Lument Finance Trust

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in Lument Finance Trust by 8.9% during the 1st quarter. Vanguard Group Inc. now owns 1,557,677 shares of the technology company’s stock worth $3,879,000 after purchasing an additional 127,887 shares during the last quarter. LSV Asset Management acquired a new stake in Lument Finance Trust during the 1st quarter worth approximately $41,000. Hillsdale Investment Management Inc. acquired a new stake in Lument Finance Trust during the 4th quarter worth approximately $83,000. Melia Wealth LLC acquired a new stake in Lument Finance Trust during the 1st quarter worth approximately $489,000. Finally, Sei Investments Co. acquired a new stake in Lument Finance Trust during the 2nd quarter worth approximately $54,000. 19.45% of the stock is owned by institutional investors and hedge funds.

Lument Finance Trust Company Profile

Lument Finance Trust, Inc, a real estate investment trust, focuses on investing in, financing, and managing a portfolio of commercial real estate (CRE) debt investments in the United States. The company primarily invests in transitional floating rate CRE mortgage loans on middle market multi-family assets; and other CRE -related investments, including mezzanine loans, preferred equity, commercial mortgage-backed securities, fixed rate loans, construction loans, and other CRE debt instruments.