Lument Finance Trust (NYSE:LFT) Director Walter Keenan Purchases 9,205 Shares

Lument Finance Trust, Inc. (NYSE:LFT) Director Walter Keenan bought 9,205 shares of the firm’s stock in a transaction that occurred on Friday, December 19th. The shares were acquired at an average price of $1.49 per share, with a total value of $13,715.45. Following the acquisition, the director owned 172,116 shares of the company’s stock, valued at $256,452.84. This represents a 5.65% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Lument Finance Trust Stock Performance

NYSE:LFT opened at $1.47 on Tuesday. The company has a quick ratio of 6.92, a current ratio of 6.92 and a debt-to-equity ratio of 4.15. The firm’s fifty day simple moving average is $1.57 and its 200 day simple moving average is $1.98. The stock has a market cap of $76.72 million, a P/E ratio of 14.65 and a beta of 0.72. Lument Finance Trust, Inc. has a twelve month low of $1.41 and a twelve month high of $2.84.

Lument Finance Trust (NYSE:LFT) last posted its earnings results on Wednesday, November 12th. The technology company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.06). Lument Finance Trust had a return on equity of 10.20% and a net margin of 11.19%.The company had revenue of $4.89 million during the quarter, compared to analysts’ expectations of $8.32 million. As a group, research analysts predict that Lument Finance Trust, Inc. will post 0.42 EPS for the current year.

Lument Finance Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 10.9%. The ex-dividend date of this dividend is Wednesday, December 31st. Lument Finance Trust’s payout ratio is presently 160.00%.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Lument Finance Trust in a research report on Monday, December 15th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Lument Finance Trust has an average rating of “Reduce”.

Hedge Funds Weigh In On Lument Finance Trust

Institutional investors and hedge funds have recently made changes to their positions in the business. James Investment Research Inc. grew its stake in shares of Lument Finance Trust by 80.0% in the 3rd quarter. James Investment Research Inc. now owns 18,000 shares of the technology company’s stock worth $36,000 after buying an additional 8,000 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in Lument Finance Trust by 102.2% in the third quarter. BNP Paribas Financial Markets now owns 19,556 shares of the technology company’s stock worth $40,000 after acquiring an additional 9,882 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Lument Finance Trust by 0.7% in the third quarter. Vanguard Group Inc. now owns 1,907,084 shares of the technology company’s stock worth $3,852,000 after acquiring an additional 12,624 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Lument Finance Trust by 3,989.4% during the second quarter. Bank of America Corp DE now owns 14,640 shares of the technology company’s stock valued at $32,000 after acquiring an additional 14,282 shares in the last quarter. Finally, Bailard Inc. raised its position in shares of Lument Finance Trust by 36.6% in the 3rd quarter. Bailard Inc. now owns 54,000 shares of the technology company’s stock worth $109,000 after purchasing an additional 14,475 shares during the last quarter. Institutional investors own 19.45% of the company’s stock.

About Lument Finance Trust

Lument Finance Trust is a real estate investment trust that focuses on originating and acquiring senior secured loans backed by commercial real estate properties. Listed on the New York Stock Exchange under the ticker LFT, the company seeks to generate attractive risk‐adjusted returns by targeting floating‐rate, first‐mortgage loans across a broad range of property types, including multifamily, office, retail, industrial and hospitality.

The firm’s core business activity centers on deploying capital into short‐ and medium‐term financing solutions for institutional real estate owners and developers.