Lument Finance Trust, Inc. (NYSE:LFT) Given Average Recommendation of “Buy” by Analysts

Lument Finance Trust, Inc. (NYSE:LFT – Get Rating) has received an average recommendation of “Buy” from the six research firms that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $4.25.

Several research firms have issued reports on LFT. Zacks Investment Research upgraded Lument Finance Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, April 12th. LADENBURG THALM/SH SH lowered Lument Finance Trust from a “buy” rating to a “neutral” rating in a research note on Thursday, March 17th. Finally, Raymond James lowered their target price on Lument Finance Trust from $4.50 to $3.75 and set an “outperform” rating on the stock in a research note on Thursday, March 17th.

In related news, CEO James Peter Flynn acquired 13,500 shares of the stock in a transaction on Monday, March 21st. The shares were purchased at an average price of $2.82 per share, for a total transaction of $38,070.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director James Christopher Hunt bought 15,000 shares of Lument Finance Trust stock in a transaction on Monday, March 21st. The stock was acquired at an average cost of $2.79 per share, for a total transaction of $41,850.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 35,500 shares of company stock worth $99,690. Corporate insiders own 2.00% of the company’s stock.

Several hedge funds have recently modified their holdings of the business. KG&L Capital Management LLC acquired a new stake in shares of Lument Finance Trust in the 1st quarter valued at $33,000. Deltec Asset Management LLC boosted its holdings in shares of Lument Finance Trust by 140.7% in the 1st quarter. Deltec Asset Management LLC now owns 827,430 shares of the technology company’s stock valued at $2,267,000 after purchasing an additional 483,703 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Lument Finance Trust by 3.1% in the 4th quarter. BlackRock Inc. now owns 172,876 shares of the technology company’s stock valued at $664,000 after purchasing an additional 5,260 shares in the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Lument Finance Trust in the 4th quarter valued at $70,000. Finally, Morling Financial Advisors LLC acquired a new stake in shares of Lument Finance Trust in the 4th quarter valued at $98,000. 59.65% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:LFT opened at $2.65 on Tuesday. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 7.79. The company has a 50 day simple moving average of $2.85. The company has a market capitalization of $138.38 million, a price-to-earnings ratio of 8.83 and a beta of 1.18. Lument Finance Trust has a 12-month low of $2.58 and a 12-month high of $4.48.

Lument Finance Trust (NYSE:LFT – Get Rating) last released its quarterly earnings data on Tuesday, March 15th. The technology company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.01. Lument Finance Trust had a return on equity of 9.64% and a net margin of 27.07%. On average, equities research analysts forecast that Lument Finance Trust will post 0.37 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 15th. Shareholders of record on Thursday, March 31st were paid a dividend of $0.06 per share. The ex-dividend date was Wednesday, March 30th. This represents a $0.24 dividend on an annualized basis and a yield of 9.06%. Lument Finance Trust’s dividend payout ratio (DPR) is presently 80.00%.

About Lument Finance Trust (Get Rating)

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 commercial 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.

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