Lument Finance Trust (NYSE:LFT) Share Price Crosses Above 200-Day Moving Average of $2.26

Shares of Lument Finance Trust, Inc. (NYSE:LFT) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.26 and traded as high as $2.35. Lument Finance Trust shares last traded at $2.31, with a volume of 49,158 shares trading hands.

Lument Finance Trust Trading Up 0.4 %

The stock has a market cap of $120.71 million, a price-to-earnings ratio of 7.70 and a beta of 1.07. The company has a quick ratio of 4.05, a current ratio of 4.05 and a debt-to-equity ratio of 6.50. The business’s 50 day simple moving average is $2.35 and its 200 day simple moving average is $2.26.

Lument Finance Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 12.12%. The ex-dividend date of this dividend was Wednesday, March 27th. Lument Finance Trust’s dividend payout ratio is currently 93.33%.

Institutional Trading of Lument Finance Trust

A number of large investors have recently added to or reduced their stakes in the company. Johnson Investment Counsel Inc. lifted its stake in shares of Lument Finance Trust by 10.1% during the 3rd quarter. Johnson Investment Counsel Inc. now owns 81,613 shares of the technology company’s stock worth $170,000 after buying an additional 7,500 shares during the last quarter. Arlington Trust Co LLC acquired a new stake in shares of Lument Finance Trust during the 4th quarter worth about $26,000. Punch & Associates Investment Management Inc. lifted its stake in shares of Lument Finance Trust by 4.8% during the 3rd quarter. Punch & Associates Investment Management Inc. now owns 1,658,087 shares of the technology company’s stock worth $3,449,000 after buying an additional 75,325 shares during the last quarter. LSV Asset Management acquired a new stake in shares of Lument Finance Trust during the 1st quarter worth about $41,000. Finally, Melia Wealth LLC acquired a new stake in shares of Lument Finance Trust during the 1st quarter worth about $489,000. Institutional investors and hedge funds own 19.45% of the company’s stock.

About Lument Finance Trust

Lument Finance Trust, Inc, a real estate investment trust, focuses on investing in, financing, and managing a portfolio of commercial real estate (CRE) debt investments in the United States. The company primarily invests in transitional floating rate CRE mortgage loans on middle market multi-family assets; and other CRE -related investments, including mezzanine loans, preferred equity, commercial mortgage-backed securities, fixed rate loans, construction loans, and other CRE debt instruments.