Lument Finance Trust (NYSE:LFT) Share Price Passes Above 200-Day Moving Average – What’s Next?

Shares of Lument Finance Trust, Inc. (NYSE:LFT) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $2.56 and traded as high as $2.75. Lument Finance Trust shares last traded at $2.74, with a volume of 63,425 shares trading hands.

Lument Finance Trust Stock Down 0.5 %

The business has a fifty day moving average price of $2.64 and a two-hundred day moving average price of $2.56. The company has a debt-to-equity ratio of 5.39, a current ratio of 6.29 and a quick ratio of 6.29. The firm has a market capitalization of $142.49 million, a price-to-earnings ratio of 7.57 and a beta of 1.07.

Lument Finance Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 13.21%. The ex-dividend date of this dividend was Tuesday, December 31st. Lument Finance Trust’s dividend payout ratio (DPR) is 88.89%.

Institutional Trading of Lument Finance Trust

Several hedge funds and other institutional investors have recently bought and sold shares of LFT. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Lument Finance Trust during the third quarter worth about $32,000. Raymond James Financial Inc. acquired a new stake in Lument Finance Trust during the fourth quarter worth about $48,000. Y Intercept Hong Kong Ltd acquired a new stake in Lument Finance Trust during the fourth quarter worth about $48,000. Balyasny Asset Management L.P. acquired a new stake in Lument Finance Trust during the fourth quarter worth about $49,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in Lument Finance Trust by 72.4% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 26,198 shares of the technology company’s stock valued at $66,000 after purchasing an additional 11,001 shares during the period. 19.45% of the stock is owned by institutional investors and hedge funds.

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.