Lument Finance Trust (NYSE:LFT) Downgraded to Sell Rating by Wall Street Zen

Lument Finance Trust (NYSE:LFT) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Lument Finance Trust in a research report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Lument Finance Trust has an average rating of “Reduce”.

Lument Finance Trust Stock Performance

NYSE LFT opened at $1.29 on Friday. Lument Finance Trust has a 52-week low of $1.22 and a 52-week high of $2.84. The company has a fifty day moving average of $1.37 and a 200-day moving average of $1.59. The company has a market capitalization of $67.56 million, a P/E ratio of 12.90 and a beta of 0.69. The company has a debt-to-equity ratio of 4.15, a quick ratio of 6.92 and a current ratio of 6.92.

Insider Activity at Lument Finance Trust

In related news, Director Walter C. Keenan bought 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 30th. The stock was bought at an average cost of $1.46 per share, for a total transaction of $36,500.00. Following the acquisition, the director directly owned 197,116 shares of the company’s stock, valued at $287,789.36. The trade was a 14.53% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its holdings in shares of Lument Finance Trust by 65.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 61,457 shares of the technology company’s stock worth $124,000 after acquiring an additional 24,226 shares during the period. New York State Common Retirement Fund purchased a new position in shares of Lument Finance Trust in the 2nd quarter valued at approximately $98,000. Wells Fargo & Company MN boosted its position in shares of Lument Finance Trust by 46.2% during the fourth quarter. Wells Fargo & Company MN now owns 51,170 shares of the technology company’s stock valued at $72,000 after purchasing an additional 16,179 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of Lument Finance Trust during the first quarter valued at approximately $66,000. Finally, Invesco Ltd. purchased a new stake in Lument Finance Trust in the second quarter worth $63,000. Hedge funds and other institutional investors own 19.45% of the company’s stock.

Lument Finance Trust Company Profile

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.