Lument Finance Trust (NYSE:LFT) Releases Quarterly Earnings Results, Misses Expectations By $0.16 EPS

Lument Finance Trust (NYSE:LFT) announced its earnings results on Thursday. The technology company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.16), FiscalAI reports. Lument Finance Trust had a positive return on equity of 5.65% and a negative net margin of 2.59%.The company had revenue of ($13.37) million during the quarter, compared to the consensus estimate of $4.59 million.

Lument Finance Trust Price Performance

LFT traded down $0.00 during trading on Thursday, hitting $0.69. 188,995 shares of the company traded hands, compared to its average volume of 216,091. The company has a current ratio of 3.03, a quick ratio of 3.03 and a debt-to-equity ratio of 6.16. The company has a market cap of $36.34 million, a PE ratio of -5.33 and a beta of 0.56. The stock’s 50-day simple moving average is $0.90 and its two-hundred day simple moving average is $1.14. Lument Finance Trust has a 1 year low of $0.64 and a 1 year high of $2.37.

Lument Finance Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 23.1%. The ex-dividend date of this dividend was Tuesday, June 30th. Lument Finance Trust’s dividend payout ratio (DPR) is presently -123.08%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Lument Finance Trust in a report on Thursday, June 18th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in LFT. Bank of America Corp DE increased its holdings 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 during the last quarter. BNP Paribas Financial Markets boosted its stake in Lument Finance Trust by 102.2% during the third quarter. BNP Paribas Financial Markets now owns 19,556 shares of the technology company’s stock valued at $40,000 after buying an additional 9,882 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Lument Finance Trust during the 2nd quarter valued at approximately $55,000. Goldman Sachs Group Inc. purchased a new position in Lument Finance Trust during the 1st quarter valued at approximately $66,000. Finally, Invesco Ltd. bought a new stake in Lument Finance Trust in the 2nd quarter worth approximately $63,000. Institutional investors own 19.45% of the company’s stock.

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.