Walter Keenan Buys 25,000 Shares of Lument Finance Trust (NYSE:LFT) Stock

Lument Finance Trust, Inc. (NYSE:LFT) Director Walter Keenan acquired 25,000 shares of the company’s stock in a transaction dated Tuesday, December 30th. The shares were acquired at an average price of $1.46 per share, for a total transaction of $36,500.00. Following the completion of the purchase, the director owned 197,116 shares of the company’s stock, valued at approximately $287,789.36. This represents a 14.53% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Lument Finance Trust Stock Performance

Shares of NYSE:LFT opened at $1.44 on Friday. The firm has a 50 day moving average of $1.49 and a 200 day moving average of $1.88. The company has a quick ratio of 6.92, a current ratio of 6.92 and a debt-to-equity ratio of 4.15. The company has a market capitalization of $75.41 million, a price-to-earnings ratio of 14.40 and a beta of 0.71. Lument Finance Trust, Inc. has a 52 week low of $1.30 and a 52 week high of $2.84.

Lument Finance Trust (NYSE:LFT) last announced its earnings results on Wednesday, November 12th. The technology company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.06). The company had revenue of $4.89 million for the quarter, compared to the consensus estimate of $8.32 million. Lument Finance Trust had a net margin of 11.19% and a return on equity of 10.20%. On average, sell-side analysts predict that Lument Finance Trust, Inc. will post 0.42 earnings per share for the current fiscal year.

Lument Finance Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 11.1%. The ex-dividend date is Wednesday, December 31st. Lument Finance Trust’s payout ratio is 160.00%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Lument Finance Trust in a report on Monday, December 29th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Reduce”.

Institutional Investors Weigh In On Lument Finance Trust

Several institutional investors have recently added to or reduced their stakes in LFT. Bank of America Corp DE grew its stake 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 worth $32,000 after acquiring an additional 14,282 shares during the last quarter. James Investment Research Inc. boosted its stake in Lument Finance Trust by 80.0% in the 3rd quarter. James Investment Research Inc. now owns 18,000 shares of the technology company’s stock worth $36,000 after purchasing an additional 8,000 shares in the last quarter. BNP Paribas Financial Markets grew 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 worth $40,000 after purchasing an additional 9,882 shares during the last quarter. Intech Investment Management LLC purchased a new stake in Lument Finance Trust during the 2nd quarter worth approximately $52,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Lument Finance Trust during the 2nd quarter valued at approximately $55,000. Institutional investors and hedge funds own 19.45% of the company’s stock.

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.