Hunt Companies Finance Trust Inc (HCFT) Raises Dividend to $0.07 Per Share
Hunt Companies Finance Trust Inc (NYSE:HCFT) announced a quarterly dividend on Tuesday, March 19th, Wall Street Journal reports. Investors of record on Friday, March 29th will be paid a dividend of 0.07 per share on Monday, April 15th. This represents a $0.28 annualized dividend and a yield of 7.84%. The ex-dividend date is Thursday, March 28th. This is an increase from Hunt Companies Finance Trust’s previous quarterly dividend of $0.06.
Hunt Companies Finance Trust has a payout ratio of 68.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Hunt Companies Finance Trust to earn $0.50 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 48.0%.
HCFT stock traded down $0.01 during trading hours on Tuesday, reaching $3.57. 33,369 shares of the stock were exchanged, compared to its average volume of 85,528. The stock has a market cap of $85.30 million, a PE ratio of 7.44 and a beta of 1.33. The company has a current ratio of 20.81, a quick ratio of 20.81 and a debt-to-equity ratio of 4.55. Hunt Companies Finance Trust has a 12 month low of $2.55 and a 12 month high of $3.79.
In other Hunt Companies Finance Trust news, Director James Christopher Hunt purchased 22,500 shares of Hunt Companies Finance Trust stock in a transaction that occurred on Monday, January 7th. The stock was acquired at an average price of $3.02 per share, for a total transaction of $67,950.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders bought a total of 28,054 shares of company stock valued at $84,717 in the last 90 days. 0.92% of the stock is owned by corporate insiders.
Several equities analysts have recently weighed in on the company. ValuEngine upgraded Hunt Companies Finance Trust from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. JMP Securities upgraded Hunt Companies Finance Trust from a “market perform” rating to a “market outperform” rating and set a $3.75 price objective for the company in a report on Thursday, January 10th.
About Hunt Companies Finance Trust
Hunt Companies Finance Trust, Inc, a real estate specialty finance company, focuses on investing in portfolio mortgage-backed securities (MBS), mortgages, and other real estate related assets. It invests in agency and non-agency residential MBS, multi-family MBS, mortgage-servicing rights, and other mortgage-related investments.
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