Lument Finance Trust (NYSE:LFT) Upgraded to Hold at Wall Street Zen

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

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Lument Finance Trust in a report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Reduce”.

Lument Finance Trust Trading Down 3.6%

Lument Finance Trust stock opened at $1.22 on Friday. Lument Finance Trust has a 52-week low of $1.18 and a 52-week high of $2.77. The company has a market cap of $63.67 million, a P/E ratio of -8.68 and a beta of 0.69. The company has a quick ratio of 6.92, a current ratio of 3.03 and a debt-to-equity ratio of 6.11. The business has a 50-day simple moving average of $1.35 and a two-hundred day simple moving average of $1.55.

Lument Finance Trust (NYSE:LFT) last issued its quarterly earnings data on Monday, March 23rd. The technology company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.30). The business had revenue of ($3.92) million during the quarter, compared to the consensus estimate of $7.78 million. Lument Finance Trust had a positive return on equity of 7.21% and a negative net margin of 3.47%. Analysts predict that Lument Finance Trust will post 0.42 EPS for the current year.

Insider Buying and Selling

In related news, Director Walter C. Keenan acquired 25,000 shares of the firm’s stock in a transaction dated Tuesday, December 30th. The shares were purchased at an average price of $1.46 per share, with a total value of $36,500.00. Following the completion of the purchase, the director directly owned 197,116 shares of the company’s stock, valued at $287,789.36. This represents a 14.53% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Lument Finance Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. James Investment Research Inc. raised its stake in Lument Finance Trust by 80.0% during the 3rd quarter. James Investment Research Inc. now owns 18,000 shares of the technology company’s stock worth $36,000 after acquiring an additional 8,000 shares during the period. BNP Paribas Financial Markets boosted its position in shares of 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 purchasing an additional 9,882 shares during the period. Vanguard Group Inc. increased 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 purchasing an additional 12,624 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Lument Finance Trust by 3,989.4% in the second quarter. Bank of America Corp DE now owns 14,640 shares of the technology company’s stock worth $32,000 after purchasing an additional 14,282 shares in the last quarter. Finally, Bailard Inc. raised its position in shares of Lument Finance Trust by 36.6% during the 3rd quarter. Bailard Inc. now owns 54,000 shares of the technology company’s stock valued at $109,000 after purchasing an additional 14,475 shares during the period. 19.45% of the stock is owned by hedge funds and other institutional investors.

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.