Lument Finance Trust, Inc. (NYSE:LFT – Get Rating) announced a quarterly dividend on Thursday, March 16th, Zacks reports. Stockholders of record on Friday, March 31st will be paid a dividend of 0.06 per share by the technology company on Monday, April 17th. This represents a $0.24 annualized dividend and a dividend yield of 12.37%. The ex-dividend date of this dividend is Thursday, March 30th.
Lument Finance Trust Price Performance
LFT stock opened at $1.94 on Friday. The firm has a 50 day moving average of $2.10 and a 200-day moving average of $2.12. The company has a current ratio of 9.81, a quick ratio of 9.81 and a debt-to-equity ratio of 4.66. The firm has a market capitalization of $101.33 million, a P/E ratio of 9.70 and a beta of 1.17. Lument Finance Trust has a 12 month low of $1.84 and a 12 month high of $3.05.
Analyst Ratings Changes
A number of research analysts have recently commented on the stock. Jonestrading reduced their price target on shares of Lument Finance Trust from $3.50 to $3.00 in a research report on Monday, December 19th. Piper Sandler decreased their target price on Lument Finance Trust from $2.25 to $2.00 in a research note on Friday, December 16th.
Hedge Funds Weigh In On Lument Finance Trust
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.
- Get a free copy of the StockNews.com research report on Lument Finance Trust (LFT)
- MarketBeat Week in Review – 3/13 – 3/17
- This Small Tech With Big Growth Prospects Is Nearing A Buy Point
- Don’t Chase FedEx Higher, Wait For The Pullback
- 3 Stocks For A Defensive Tech Portfolio
- Milk the Dividends on These 3 Cash Cows
Receive News & Ratings for Lument Finance Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lument Finance Trust and related companies with MarketBeat.com's FREE daily email newsletter.