Lument Finance Trust (NYSE:LFT) Share Price Crosses Above 200-Day Moving Average of $2.26

Lument Finance Trust, Inc. (NYSE:LFT) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.26 and traded as high as $2.35. Lument Finance Trust shares last traded at $2.31, with a volume of 49,158 shares changing hands.

Lument Finance Trust Stock Performance

The firm has a market capitalization of $120.71 million, a PE ratio of 7.70 and a beta of 1.07. The company has a debt-to-equity ratio of 6.50, a current ratio of 4.05 and a quick ratio of 4.05. The company’s fifty day simple moving average is $2.35 and its 200 day simple moving average is $2.26.

Lument Finance Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 12.12%. The ex-dividend date of this dividend was Wednesday, March 27th. Lument Finance Trust’s dividend payout ratio (DPR) is presently 93.33%.

Institutional Investors Weigh In On Lument Finance Trust

Several institutional investors have recently added to or reduced their stakes in the business. Punch & Associates Investment Management Inc. lifted its holdings in shares of Lument Finance Trust by 4.8% in 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 buying an additional 75,325 shares in the last quarter. Melia Wealth LLC purchased a new stake in shares of Lument Finance Trust in the first quarter worth about $489,000. Foundations Investment Advisors LLC purchased a new stake in Lument Finance Trust in the fourth quarter valued at approximately $211,000. Johnson Investment Counsel Inc. raised its stake in Lument Finance Trust by 10.1% in the third quarter. Johnson Investment Counsel Inc. now owns 81,613 shares of the technology company’s stock valued at $170,000 after purchasing an additional 7,500 shares in the last quarter. Finally, Hillsdale Investment Management Inc. purchased a new stake in Lument Finance Trust in the fourth quarter valued at approximately $83,000. 19.45% of the stock is owned by hedge funds and other institutional investors.

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.