Lument Finance Trust (NYSE:LFT – Get Free Report) is scheduled to be posting its quarterly earnings results after the market closes on Monday, November 13th. Analysts expect Lument Finance Trust to post earnings of $0.10 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.
Lument Finance Trust Trading Down 0.5 %
Shares of LFT stock opened at $1.99 on Friday. The business’s 50 day moving average is $2.08 and its two-hundred day moving average is $1.99. The company has a quick ratio of 10.76, a current ratio of 10.77 and a debt-to-equity ratio of 4.83. Lument Finance Trust has a 12 month low of $1.53 and a 12 month high of $2.39. The company has a market cap of $103.94 million, a PE ratio of 13.27 and a beta of 1.14.
Lument Finance Trust Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 14.07%. The ex-dividend date of this dividend was Thursday, September 28th. This is an increase from Lument Finance Trust’s previous quarterly dividend of $0.06. Lument Finance Trust’s dividend payout ratio (DPR) is 186.67%.
Institutional Inflows and Outflows
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on LFT. Raymond James lifted their price objective on Lument Finance Trust from $2.50 to $2.75 and gave the stock an “outperform” rating in a research note on Friday, August 11th. JMP Securities reaffirmed a “market outperform” rating and set a $2.50 target price on shares of Lument Finance Trust in a research report on Tuesday, September 12th.
Lument Finance Trust Company Profile
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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