Lument Finance Trust (NYSE:LFT) Stock Crosses Above 200 Day Moving Average of $2.25

Lument Finance Trust, Inc. (NYSE:LFT) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.25 and traded as high as $2.35. Lument Finance Trust shares last traded at $2.31, with a volume of 27,145 shares.

Lument Finance Trust Stock Performance

The company has a debt-to-equity ratio of 6.50, a quick ratio of 4.05 and a current ratio of 4.05. The stock has a market cap of $120.70 million, a P/E ratio of 7.70 and a beta of 1.07. The company’s 50 day moving average price is $2.34 and its 200-day moving average price is $2.25.

Lument Finance Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given 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 12.12%. Lument Finance Trust’s payout ratio is currently 93.33%.

Hedge Funds Weigh In On Lument Finance Trust

Institutional investors have recently added to or reduced their stakes in the stock. Punch & Associates Investment Management Inc. boosted its position in Lument Finance Trust by 4.8% during the third 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 period. Johnson Investment Counsel Inc. boosted its position in Lument Finance Trust by 10.1% during the third 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 period. Arlington Trust Co LLC bought a new position in Lument Finance Trust during the fourth quarter worth about $26,000. Foundations Investment Advisors LLC bought a new position in Lument Finance Trust during the fourth quarter worth about $211,000. Finally, Hillsdale Investment Management Inc. bought a new position in Lument Finance Trust during the fourth quarter worth about $83,000. Institutional investors 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.