Lument Finance Trust (NYSE:LFT) Shares Cross Above Two Hundred Day Moving Average of $2.38

Lument Finance Trust, Inc. (NYSE:LFT) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.38 and traded as high as $2.57. Lument Finance Trust shares last traded at $2.50, with a volume of 252,771 shares trading hands.

Wall Street Analyst Weigh In

Separately, Jonestrading reissued a “buy” rating and issued a $2.50 price objective on shares of Lument Finance Trust in a research note on Monday, May 13th.

Lument Finance Trust Trading Down 0.8 %

The company has a 50 day moving average of $2.45 and a 200 day moving average of $2.38. The company has a debt-to-equity ratio of 6.05, a quick ratio of 5.35 and a current ratio of 5.35. The stock has a market capitalization of $125.42 million, a price-to-earnings ratio of 7.50 and a beta of 1.08.

Lument Finance Trust (NYSE:LFT) last issued its earnings results on Thursday, May 9th. The technology company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.02. The company had revenue of $33.71 million during the quarter, compared to analysts’ expectations of $10.56 million. Lument Finance Trust had a return on equity of 12.59% and a net margin of 16.43%. On average, research analysts predict that Lument Finance Trust, Inc. will post 0.44 EPS for the current fiscal year.

Lument Finance Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a $0.08 dividend. This is a boost from Lument Finance Trust’s previous quarterly dividend of $0.07. This represents a $0.32 annualized dividend and a yield of 13.33%. The ex-dividend date of this dividend is Thursday, June 27th. Lument Finance Trust’s dividend payout ratio is presently 100.00%.

Institutional Trading of Lument Finance Trust

Large investors have recently added to or reduced their stakes in the stock. Arlington Trust Co LLC purchased a new position in shares of Lument Finance Trust during the 4th quarter worth $26,000. LSV Asset Management purchased a new position in shares of Lument Finance Trust during the 1st quarter worth $41,000. Hillsdale Investment Management Inc. purchased a new position in shares of Lument Finance Trust during the 4th quarter worth $83,000. Foundations Investment Advisors LLC purchased a new position in shares of Lument Finance Trust during the 4th quarter worth $211,000. Finally, Vanguard Group Inc. grew its holdings in shares of Lument Finance Trust by 8.9% during the 1st quarter. Vanguard Group Inc. now owns 1,557,677 shares of the technology company’s stock worth $3,879,000 after purchasing an additional 127,887 shares during the period. 19.45% of the stock is currently 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.