Raymond James Financial Inc. Buys Shares of 18,466 Lument Finance Trust, Inc. (NYSE:LFT)

Raymond James Financial Inc. bought a new stake in shares of Lument Finance Trust, Inc. (NYSE:LFT) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 18,466 shares of the technology company’s stock, valued at approximately $48,000.

A number of other hedge funds and other institutional investors have also modified their holdings of LFT. Geode Capital Management LLC boosted its position in shares of Lument Finance Trust by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 443,701 shares of the technology company’s stock worth $1,146,000 after acquiring an additional 4,748 shares during the last quarter. Foundations Investment Advisors LLC lifted its position in shares of Lument Finance Trust by 32.2% during the fourth quarter. Foundations Investment Advisors LLC now owns 60,378 shares of the technology company’s stock worth $156,000 after purchasing an additional 14,721 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Lument Finance Trust during the fourth quarter worth $48,000. Finally, Barclays PLC acquired a new position in shares of Lument Finance Trust during the third quarter worth $120,000. 19.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Jones Trading reissued a “hold” rating on shares of Lument Finance Trust in a research report on Tuesday, April 1st.

Lument Finance Trust Price Performance

LFT stock opened at $2.41 on Thursday. The company has a debt-to-equity ratio of 5.39, a current ratio of 6.29 and a quick ratio of 6.29. Lument Finance Trust, Inc. has a 1-year low of $2.22 and a 1-year high of $2.84. The firm has a fifty day moving average price of $2.62 and a two-hundred day moving average price of $2.62. The firm has a market cap of $126.06 million, a price-to-earnings ratio of 6.69 and a beta of 0.86.

Lument Finance Trust (NYSE:LFT) last released its quarterly earnings results on Monday, May 12th. The technology company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.02). The firm had revenue of $9.32 million for the quarter, compared to the consensus estimate of $9.21 million. Lument Finance Trust had a return on equity of 14.41% and a net margin of 18.19%. Research analysts predict that Lument Finance Trust, Inc. will post 0.42 EPS for the current year.

Lument Finance Trust Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.08 per share. The ex-dividend date was Monday, March 31st. This represents a $0.32 annualized dividend and a dividend yield of 13.28%. Lument Finance Trust’s dividend payout ratio is currently 91.43%.

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.