Lument Finance Trust (NYSE:LFT) Stock Crosses Above Two Hundred Day Moving Average of $2.40

Lument Finance Trust, Inc. (NYSE:LFT)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.40 and traded as high as $2.48. Lument Finance Trust shares last traded at $2.45, with a volume of 46,368 shares trading hands.

Analyst Ratings Changes

Separately, Jonestrading reiterated a “buy” rating and set a $2.50 price objective on shares of Lument Finance Trust in a report on Monday, May 13th.

Lument Finance Trust Stock Performance

The stock has a 50-day moving average of $2.47 and a 200-day moving average of $2.40. The firm has a market cap of $128.55 million, a price-to-earnings ratio of 7.69 and a beta of 1.07. The company has a debt-to-equity ratio of 6.05, a quick ratio of 5.35 and a current ratio of 5.35.

Lument Finance Trust (NYSE:LFT) last announced its earnings results on Thursday, May 9th. The technology company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. Lument Finance Trust had a return on equity of 12.59% and a net margin of 16.43%. The business had revenue of $33.71 million for the quarter, compared to analyst estimates of $10.56 million. As a group, analysts anticipate that Lument Finance Trust, Inc. will post 0.44 EPS for the current fiscal year.

Lument Finance Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a dividend of $0.08 per share. This is a positive change from Lument Finance Trust’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $0.32 annualized dividend and a dividend yield of 13.01%. Lument Finance Trust’s payout ratio is 100.00%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in LFT. Arlington Trust Co LLC bought a new position in shares of Lument Finance Trust during the 4th quarter worth approximately $26,000. LSV Asset Management bought a new position in shares of Lument Finance Trust during the 1st quarter worth approximately $41,000. Hillsdale Investment Management Inc. bought a new position in shares of Lument Finance Trust during the 4th quarter worth approximately $83,000. Foundations Investment Advisors LLC bought a new position in shares of Lument Finance Trust during the 4th quarter worth approximately $211,000. Finally, Vanguard Group Inc. boosted its stake in shares of 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 acquiring an additional 127,887 shares during the period. Institutional investors and hedge funds own 19.45% of the company’s stock.

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.