Lument Finance Trust (NYSE:LFT) Announces Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Lument Finance Trust (NYSE:LFT) issued its quarterly earnings results on Tuesday. The technology company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01, Zacks reports. Lument Finance Trust had a net margin of 18.19% and a return on equity of 14.41%. The company had revenue of $28.93 million during the quarter, compared to the consensus estimate of $9.06 million. During the same quarter in the prior year, the firm posted $0.11 EPS.

Lument Finance Trust Trading Up 1.6 %

NYSE LFT traded up $0.04 during trading hours on Friday, reaching $2.50. The company’s stock had a trading volume of 41,188 shares, compared to its average volume of 90,868. The firm has a fifty day simple moving average of $2.51 and a 200-day simple moving average of $2.49. The company has a debt-to-equity ratio of 5.39, a current ratio of 6.29 and a quick ratio of 5.78. Lument Finance Trust has a 52 week low of $2.00 and a 52 week high of $2.75. The stock has a market cap of $130.73 million, a P/E ratio of 7.03 and a beta of 1.07.

Lument Finance Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 12.80%. The ex-dividend date was Monday, September 30th. Lument Finance Trust’s dividend payout ratio (DPR) is currently 88.89%.

Wall Street Analysts Forecast Growth

Separately, Raymond James cut Lument Finance Trust from an “outperform” rating to a “market perform” rating in a research report on Thursday, September 19th.

About Lument Finance Trust

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.