Lument Finance Trust, Inc. Plans Quarterly Dividend of $0.04 (NYSE:LFT)

Lument Finance Trust, Inc. (NYSE:LFT) announced a quarterly dividend on Thursday, March 19th. Stockholders of record on Tuesday, March 31st will be given a dividend of 0.04 per share by the technology company on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a dividend yield of 12.4%. The ex-dividend date of this dividend is Tuesday, March 31st.

Lument Finance Trust has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 2 consecutive years. Lument Finance Trust has a payout ratio of 48.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Lument Finance Trust to earn $0.40 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 40.0%.

Lument Finance Trust Price Performance

Lument Finance Trust stock opened at $1.29 on Friday. The company has a current ratio of 6.92, a quick ratio of 6.92 and a debt-to-equity ratio of 4.15. The company has a market cap of $67.56 million, a price-to-earnings ratio of 12.90 and a beta of 0.69. Lument Finance Trust has a 12 month low of $1.26 and a 12 month high of $2.84. The business’s 50 day simple moving average is $1.37 and its 200 day simple moving average is $1.60.

Insider Activity

In other news, Director Walter C. Keenan bought 25,000 shares of Lument Finance Trust stock in a transaction on Tuesday, December 30th. The shares were purchased at an average price of $1.46 per share, for a total transaction of $36,500.00. Following the acquisition, the director owned 197,116 shares of the company’s stock, valued at approximately $287,789.36. The trade was a 14.53% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Lument Finance Trust

A number of hedge funds have recently bought and sold shares of the company. Bank of America Corp DE raised its holdings in shares of Lument Finance Trust by 3,989.4% during the second quarter. Bank of America Corp DE now owns 14,640 shares of the technology company’s stock valued at $32,000 after purchasing an additional 14,282 shares during the last quarter. James Investment Research Inc. raised its stake in Lument Finance Trust by 80.0% during the 3rd quarter. James Investment Research Inc. now owns 18,000 shares of the technology company’s stock valued at $36,000 after buying an additional 8,000 shares during the last quarter. BNP Paribas Financial Markets raised its stake in Lument Finance Trust by 102.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 19,556 shares of the technology company’s stock valued at $40,000 after buying an additional 9,882 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Lument Finance Trust by 302.0% during the 4th quarter. Russell Investments Group Ltd. now owns 32,987 shares of the technology company’s stock valued at $47,000 after buying an additional 24,782 shares during the period. Finally, Intech Investment Management LLC bought a new position in shares of Lument Finance Trust during the 2nd quarter valued at $52,000. Institutional investors own 19.45% of the company’s stock.

About Lument Finance Trust

Lument Finance Trust is a real estate investment trust that focuses on originating and acquiring senior secured loans backed by commercial real estate properties. Listed on the New York Stock Exchange under the ticker LFT, the company seeks to generate attractive risk‐adjusted returns by targeting floating‐rate, first‐mortgage loans across a broad range of property types, including multifamily, office, retail, industrial and hospitality.

The firm’s core business activity centers on deploying capital into short‐ and medium‐term financing solutions for institutional real estate owners and developers.