Lument Finance Trust (LFT) Projected to Post Quarterly Earnings on Friday

Lument Finance Trust (NYSE:LFTGet Free Report) is expected to be announcing its earnings results before the market opens on Friday, March 21st. Analysts expect the company to announce earnings of $0.10 per share and revenue of $8.89 million for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Lument Finance Trust (NYSE:LFTGet Free Report) last posted its earnings results on Wednesday, March 19th. The technology company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. Lument Finance Trust had a net margin of 18.19% and a return on equity of 14.41%. On average, analysts expect Lument Finance Trust to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Lument Finance Trust Price Performance

Shares of LFT opened at $2.77 on Thursday. The company has a market capitalization of $144.85 million, a P/E ratio of 7.69 and a beta of 1.05. The business’s 50-day moving average is $2.66 and its two-hundred day moving average is $2.59. The company has a debt-to-equity ratio of 5.39, a quick ratio of 6.29 and a current ratio of 6.29. Lument Finance Trust has a fifty-two week low of $2.22 and a fifty-two week high of $2.80.

Lument Finance Trust Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 11.55%. Lument Finance Trust’s dividend payout ratio (DPR) is 88.89%.

Lument Finance Trust Company Profile

(Get Free Report)

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.

Further Reading

Earnings History for Lument Finance Trust (NYSE:LFT)

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