PL Capital Advisors LLC Cuts Holdings in Lument Finance Trust, Inc. (NYSE:LFT)

PL Capital Advisors LLC cut its holdings in Lument Finance Trust, Inc. (NYSE:LFT) by 79.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,203 shares of the technology company’s stock after selling 225,945 shares during the quarter. Lument Finance Trust accounts for 0.1% of PL Capital Advisors LLC’s portfolio, making the stock its 27th biggest holding. PL Capital Advisors LLC’s holdings in Lument Finance Trust were worth $155,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Y Intercept Hong Kong Ltd purchased a new stake in Lument Finance Trust during the fourth quarter worth about $48,000. Foundations Investment Advisors LLC boosted its stake in shares of Lument Finance Trust by 32.2% during the 4th quarter. Foundations Investment Advisors LLC now owns 60,378 shares of the technology company’s stock worth $156,000 after acquiring an additional 14,721 shares in the last quarter. Barclays PLC acquired a new stake in shares of Lument Finance Trust in the 3rd quarter worth approximately $120,000. Geode Capital Management LLC increased its stake in Lument Finance Trust by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 438,953 shares of the technology company’s stock valued at $1,111,000 after purchasing an additional 11,718 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in Lument Finance Trust in the 3rd quarter valued at approximately $32,000. Institutional investors and hedge funds own 19.45% of the company’s stock.

Lument Finance Trust Stock Up 0.6 %

LFT opened at $2.73 on Wednesday. Lument Finance Trust, Inc. has a one year low of $2.16 and a one year high of $2.79. The company has a market cap of $142.49 million, a price-to-earnings ratio of 7.57 and a beta of 1.07. The business’s fifty day moving average is $2.64 and its two-hundred day moving average is $2.57. The company has a debt-to-equity ratio of 5.39, a quick ratio of 6.29 and a current ratio of 6.29.

Lument Finance Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $0.09 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.36 dividend on an annualized basis and a yield of 13.21%. Lument Finance Trust’s dividend payout ratio (DPR) is 88.89%.

About Lument Finance Trust

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.