Lument Finance Trust (NYSE:LFT) Share Price Crosses Above 200-Day Moving Average of $2.24

Lument Finance Trust, Inc. (NYSE:LFT)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.24 and traded as high as $2.54. Lument Finance Trust shares last traded at $2.45, with a volume of 105,672 shares changing hands.

Lument Finance Trust Stock Performance

The stock has a market capitalization of $128.01 million, a P/E ratio of 8.17 and a beta of 1.07. The company’s 50-day moving average is $2.33 and its two-hundred day moving average is $2.24. The company has a current ratio of 4.05, a quick ratio of 4.05 and a debt-to-equity ratio of 6.50.

Lument Finance Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.28 annualized dividend and a yield of 11.43%. Lument Finance Trust’s payout ratio is 93.33%.

Hedge Funds Weigh In On Lument Finance Trust

Several large investors have recently bought and sold shares of the stock. Johnson Investment Counsel Inc. grew its stake in shares of Lument Finance Trust by 10.1% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 81,613 shares of the technology company’s stock worth $170,000 after purchasing an additional 7,500 shares during the last quarter. Arlington Trust Co LLC acquired a new position in shares of Lument Finance Trust in the 4th quarter worth approximately $26,000. Punch & Associates Investment Management Inc. grew its stake in shares of Lument Finance Trust by 4.8% in the 3rd quarter. Punch & Associates Investment Management Inc. now owns 1,658,087 shares of the technology company’s stock worth $3,449,000 after purchasing an additional 75,325 shares during the last quarter. State Street Corp grew its stake in shares of Lument Finance Trust by 89.5% in the 2nd quarter. State Street Corp now owns 82,360 shares of the technology company’s stock worth $201,000 after purchasing an additional 38,898 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of Lument Finance Trust by 115.2% in the 1st quarter. Northern Trust Corp now owns 68,495 shares of the technology company’s stock worth $188,000 after purchasing an additional 36,668 shares during the last quarter. Institutional investors and hedge funds own 19.45% of the company’s stock.

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 CRE 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.