Lument Finance Trust (NYSE:LFT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Lument Finance Trust (NYSE:LFT) from a sell rating to a hold rating in a research note issued to investors on Sunday morning.

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Lument Finance Trust in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Lument Finance Trust Trading Down 2.3%

Lument Finance Trust stock opened at $1.25 on Friday. The company has a debt-to-equity ratio of 6.11, a quick ratio of 3.03 and a current ratio of 3.03. The firm has a market cap of $65.50 million, a price-to-earnings ratio of -8.93 and a beta of 0.69. Lument Finance Trust has a 1 year low of $1.18 and a 1 year high of $2.71. The firm’s 50 day moving average price is $1.34 and its two-hundred day moving average price is $1.53.

Lument Finance Trust (NYSE:LFT) last announced its quarterly earnings data on Monday, March 23rd. The technology company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.30). The company had revenue of ($3.92) million for the quarter, compared to analyst estimates of $7.78 million. Lument Finance Trust had a negative net margin of 3.47% and a positive return on equity of 7.21%. On average, research analysts predict that Lument Finance Trust will post 0.42 EPS for the current fiscal year.

Lument Finance Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 12.8%. The ex-dividend date of this dividend is Tuesday, March 31st. Lument Finance Trust’s payout ratio is -114.29%.

Institutional Trading of Lument Finance Trust

A number of hedge funds have recently made changes to their positions in LFT. James Investment Research Inc. boosted its holdings in shares of Lument Finance Trust by 80.0% during the third quarter. James Investment Research Inc. now owns 18,000 shares of the technology company’s stock worth $36,000 after purchasing an additional 8,000 shares during the period. BNP Paribas Financial Markets increased its stake in Lument Finance Trust by 102.2% in the 3rd 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 period. Vanguard Group Inc. increased its stake in Lument Finance Trust by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 1,907,084 shares of the technology company’s stock valued at $3,852,000 after buying an additional 12,624 shares during the period. Bank of America Corp DE lifted its position in Lument Finance Trust by 3,989.4% in the 2nd quarter. Bank of America Corp DE now owns 14,640 shares of the technology company’s stock worth $32,000 after buying an additional 14,282 shares in the last quarter. Finally, Bailard Inc. lifted its position in Lument Finance Trust by 36.6% in the 3rd quarter. Bailard Inc. now owns 54,000 shares of the technology company’s stock worth $109,000 after buying an additional 14,475 shares in the last quarter. 19.45% of the stock is owned by hedge funds and other institutional investors.

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.