Lument Finance Trust (LFT) Scheduled to Post Earnings on Thursday

Lument Finance Trust (NYSE:LFT) is set to post its quarterly earnings results after the market closes on Thursday, May 9th. Analysts expect Lument Finance Trust to post earnings of $0.13 per share for the quarter.

Lument Finance Trust Trading Up 2.2 %

Shares of NYSE:LFT traded up $0.05 during midday trading on Tuesday, reaching $2.36. 16,740 shares of the company’s stock were exchanged, compared to its average volume of 68,914. The firm’s 50 day simple moving average is $2.35 and its two-hundred day simple moving average is $2.27. The company has a debt-to-equity ratio of 6.50, a current ratio of 4.05 and a quick ratio of 4.05. The stock has a market cap of $123.33 million, a price-to-earnings ratio of 7.80 and a beta of 1.07. Lument Finance Trust has a fifty-two week low of $1.61 and a fifty-two week high of $2.56.

Lument Finance Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 11.86%. The ex-dividend date was Wednesday, March 27th. Lument Finance Trust’s dividend payout ratio is currently 93.33%.

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.