Lument Finance Trust (LFT) Set to Announce Quarterly Earnings on Monday

Lument Finance Trust (NYSE:LFT) 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

Large investors have recently modified their holdings of the company. Cerity Partners LLC acquired a new stake in shares of Lument Finance Trust during the 2nd quarter valued at about $45,000. Renaissance Technologies LLC acquired a new position in shares of Lument Finance Trust in the 2nd quarter worth approximately $48,000. Punch & Associates Investment Management Inc. boosted its stake in Lument Finance Trust by 5.3% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 1,612,762 shares of the technology company’s stock valued at $3,258,000 after buying an additional 81,535 shares in the last quarter. Vanguard Group Inc. grew its position in Lument Finance Trust by 2.4% in the third quarter. Vanguard Group Inc. now owns 1,363,913 shares of the technology company’s stock valued at $2,946,000 after acquiring an additional 31,651 shares during the period. Finally, SVB Wealth LLC bought a new position in shares of Lument Finance Trust during the second quarter valued at $54,000. 19.07% of the stock is currently owned by institutional investors and hedge funds.

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.