Lument Finance Trust (NYSE:LFT) Announces Quarterly Earnings Results

Lument Finance Trust (NYSE:LFT) released its quarterly earnings results on Monday. The technology company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.30), reports. The company had revenue of ($3.92) million during the quarter, compared to analysts’ expectations of $7.78 million. Lument Finance Trust had a positive return on equity of 7.09% and a negative net margin of 3.47%.

Lument Finance Trust Trading Down 0.4%

NYSE:LFT traded down $0.01 during trading hours on Wednesday, reaching $1.23. The company’s stock had a trading volume of 29,989 shares, compared to its average volume of 200,099. The company has a debt-to-equity ratio of 4.15, a quick ratio of 6.92 and a current ratio of 6.92. The firm has a market capitalization of $64.15 million, a price-to-earnings ratio of -8.75 and a beta of 0.69. The firm has a 50-day simple moving average of $1.36 and a 200-day simple moving average of $1.57. Lument Finance Trust has a 1 year low of $1.18 and a 1 year high of $2.82.

Lument Finance Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 13.1%. The ex-dividend date is Tuesday, March 31st. Lument Finance Trust’s dividend payout ratio (DPR) is presently -114.29%.

Insider Transactions at Lument Finance Trust

In related news, Director Walter C. Keenan purchased 25,000 shares of the firm’s stock in a transaction on Tuesday, December 30th. The shares were acquired at an average cost of $1.46 per share, with a total value of $36,500.00. Following the purchase, the director directly owned 197,116 shares of the company’s stock, valued at approximately $287,789.36. This trade represents a 14.53% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 2.80% of the stock is currently owned by insiders.

Institutional Trading of Lument Finance Trust

Institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE increased its stake in shares of Lument Finance Trust by 3,989.4% in the second 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 during the period. BNP Paribas Financial Markets boosted its position 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 period. Russell Investments Group Ltd. boosted its position in 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Lument Finance Trust in the 2nd quarter worth $55,000. Finally, Invesco Ltd. purchased a new position in shares of Lument Finance Trust in the second quarter valued at about $63,000. Hedge funds and other institutional investors own 19.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Lument Finance Trust in a report on Monday, December 29th. Wall Street Zen cut Lument Finance Trust from a “hold” rating to a “sell” rating in a research note on Saturday. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Reduce”.

Lument Finance Trust Company Profile

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.