Lument Finance Trust (NYSE:LFT) Lifted to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Lument Finance Trust (NYSE:LFT) from a sell rating to a hold rating in a research note published on Wednesday morning, Zacks.com reports.

According to Zacks, “Lument Finance Trust Inc. is a subsidiary of ORIX Corporation USA and is a national brand in commercial real estate finance. The company delivers capital solutions customized for investors in multifamily, affordable housing and seniors housing and healthcare real estate. It also offers a suite of proprietary commercial lending, investment banking and investment management solutions. Lument Finance Trust Inc., formerly known as Hunt Companies Finance Trust Inc., is based in NEW YORK. “

Other analysts also recently issued reports about the stock. Piper Sandler assumed coverage on shares of Lument Finance Trust in a report on Friday, December 17th. They set an overweight rating and a $4.50 price target on the stock. JMP Securities reaffirmed a buy rating on shares of Lument Finance Trust in a report on Thursday, November 11th. Finally, B. Riley began coverage on shares of Lument Finance Trust in a report on Friday, October 15th. They set a buy rating and a $4.50 price objective on the stock. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Lument Finance Trust presently has an average rating of Buy and an average price target of $4.50.

LFT stock opened at $3.33 on Wednesday. The firm’s fifty day simple moving average is $3.81 and its 200-day simple moving average is $3.97. The company has a market capitalization of $83.08 million, a P/E ratio of 11.10 and a beta of 1.22. The company has a debt-to-equity ratio of 7.80, a current ratio of 24.30 and a quick ratio of 24.30. Lument Finance Trust has a 12 month low of $3.09 and a 12 month high of $4.48.

Lument Finance Trust (NYSE:LFT) last announced its quarterly earnings results on Tuesday, November 9th. The technology company reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.03). Lument Finance Trust had a return on equity of 9.57% and a net margin of 29.77%. During the same quarter in the previous year, the company earned $0.11 EPS. As a group, sell-side analysts forecast that Lument Finance Trust will post 0.37 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 18th. Stockholders of record on Friday, December 31st will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 10.81%. The ex-dividend date of this dividend is Thursday, December 30th. Lument Finance Trust’s dividend payout ratio (DPR) is 120.00%.

Hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp raised its position in shares of Lument Finance Trust by 29.2% in the second quarter. State Street Corp now owns 69,547 shares of the technology company’s stock valued at $299,000 after buying an additional 15,723 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Lument Finance Trust in the second quarter valued at about $67,000. Geode Capital Management LLC raised its position in shares of Lument Finance Trust by 18.3% in the second quarter. Geode Capital Management LLC now owns 115,746 shares of the technology company’s stock valued at $487,000 after buying an additional 17,884 shares during the last quarter. Ritholtz Wealth Management increased its position in Lument Finance Trust by 68.8% during the third quarter. Ritholtz Wealth Management now owns 33,808 shares of the technology company’s stock worth $134,000 after purchasing an additional 13,774 shares during the last quarter. Finally, BlackRock Inc. increased its position in Lument Finance Trust by 34.3% during the third quarter. BlackRock Inc. now owns 167,616 shares of the technology company’s stock worth $664,000 after purchasing an additional 42,811 shares during the last quarter. Institutional investors and hedge funds own 29.91% of the company’s stock.

About Lument Finance Trust

Lument Finance Trust, Inc operates as a real estate investment finance company, which engages in investing, financing, and managing a portfolio of commercial real estate (CRE) debt investments. It primarily invests in transitional floating rate commercial mortgage and other CRE-related investments such as preferred equity; commercial mortgage-backed securities; mezzanine, fixed rate, and construction loans and; other CRE debt instruments.

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