Lument Finance Trust (NYSE:LFT) Announces Quarterly Earnings Results, Misses Estimates By $0.75 EPS

Lument Finance Trust (NYSE:LFT) issued its earnings results on Thursday, August 13th. The technology company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.75), Zacks reports. The company had revenue of ($13.37) million for the quarter, compared to the consensus estimate of $4.59 million. Lument Finance Trust had a positive return on equity of 0.86% and a negative net margin of 18.00%.

Lument Finance Trust Trading Up 2.2%

NYSE LFT traded up $0.11 during trading on Tuesday, hitting $5.08. 23,517 shares of the company’s stock traded hands, compared to its average volume of 22,544. The stock has a fifty day moving average of $6.52 and a two-hundred day moving average of $9.46. Lument Finance Trust has a 12-month low of $4.95 and a 12-month high of $18.85. The firm has a market cap of $26.67 million, a P/E ratio of -1.41 and a beta of 0.61. The company has a debt-to-equity ratio of 6.11, a current ratio of 5.98 and a quick ratio of 5.98.

Lument Finance Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, October 1st will be given a dividend of $0.4922 per share. The ex-dividend date is Thursday, October 1st. This is a positive change from Lument Finance Trust’s previous quarterly dividend of $0.40. This represents a $1.97 annualized dividend and a yield of 38.8%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Lument Finance Trust in a research report on Monday, September 14th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Lument Finance Trust Company Profile

Lument Finance Trust, Inc (NYSE:LFT) is a real estate investment trust focused primarily on commercial real estate debt investments. The company generally targets loans and other credit investments secured by income-producing properties, with an emphasis on the multifamily housing sector.

Its investment activities may include transitional multifamily mortgage loans, commercial mortgage-backed securities and other real estate-related debt instruments. Through its relationship with the Lument platform, the company seeks to identify, underwrite and manage investments in commercial properties across the United States.

Lument Finance Trust was formerly known as Hunt Companies Finance Trust, Inc and adopted its current name in 2020.