Lument Finance Trust’s (LFT) “Hold” Rating Reaffirmed at Jones Trading

Lument Finance Trust (NYSE:LFT)‘s stock had its “hold” rating restated by research analysts at Jones Trading in a report issued on Tuesday,Benzinga reports.

Lument Finance Trust Trading Down 2.8 %

LFT stock opened at $2.61 on Tuesday. The company has a fifty day moving average price of $2.70 and a two-hundred day moving average price of $2.61. 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 stock has a market cap of $136.26 million, a price-to-earnings ratio of 7.24 and a beta of 1.05. Lument Finance Trust has a one year low of $2.22 and a one year high of $2.84.

Lument Finance Trust (NYSE:LFT) last issued its quarterly earnings results on Wednesday, March 19th. The technology company reported $0.10 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.10. The business had revenue of $9.55 million for the quarter, compared to the consensus estimate of $8.89 million. Lument Finance Trust had a return on equity of 14.41% and a net margin of 18.19%. Equities analysts anticipate that Lument Finance Trust will post 0.42 EPS for the current year.

Institutional Investors Weigh In On Lument Finance Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of LFT. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Lument Finance Trust during the third quarter valued at about $32,000. Raymond James Financial Inc. acquired a new position in Lument Finance Trust in the 4th quarter valued at approximately $48,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Lument Finance Trust during the fourth quarter worth $48,000. Balyasny Asset Management L.P. bought a new stake in shares of Lument Finance Trust in the fourth quarter worth $49,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased 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. Institutional investors own 19.45% of the company’s stock.

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.