Lument Finance Trust (NYSE:LFT) Receives “Hold (C)” Rating from Weiss Ratings

Lument Finance Trust (NYSE:LFT)‘s stock had its “hold (c)” rating reissued by equities research analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Lument Finance Trust Stock Performance

Shares of Lument Finance Trust stock opened at $1.85 on Wednesday. The company has a current ratio of 6.41, a quick ratio of 6.41 and a debt-to-equity ratio of 4.35. The firm has a market capitalization of $96.57 million, a P/E ratio of 9.71 and a beta of 0.81. The business has a fifty day simple moving average of $2.16 and a two-hundred day simple moving average of $2.35. Lument Finance Trust has a 12 month low of $1.83 and a 12 month high of $2.84.

Lument Finance Trust (NYSE:LFT) last issued its quarterly earnings results on Friday, August 8th. The technology company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.03). Lument Finance Trust had a net margin of 14.50% and a return on equity of 12.51%. The company had revenue of $6.96 million for the quarter, compared to the consensus estimate of $8.66 million. On average, equities analysts forecast that Lument Finance Trust will post 0.42 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lument Finance Trust

Large investors have recently bought and sold shares of the business. Y Intercept Hong Kong Ltd increased its holdings in Lument Finance Trust by 59.8% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 29,563 shares of the technology company’s stock worth $77,000 after buying an additional 11,058 shares in the last quarter. Bank of America Corp DE increased its holdings in Lument Finance Trust by 3,989.4% in the 2nd quarter. Bank of America Corp DE now owns 14,640 shares of the technology company’s stock worth $32,000 after buying an additional 14,282 shares in the last quarter. Bailard Inc. bought a new stake in Lument Finance Trust in the 1st quarter worth about $47,000. OMERS ADMINISTRATION Corp bought a new stake in Lument Finance Trust in the 1st quarter worth about $55,000. Finally, Melia Wealth LLC increased its holdings in Lument Finance Trust by 3.0% in the 1st quarter. Melia Wealth LLC now owns 749,033 shares of the technology company’s stock worth $1,955,000 after buying an additional 21,668 shares in the last quarter. 19.45% of the stock is currently owned by institutional investors.

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.