Lument Finance Trust (NYSE:LFT) Shares Cross Above Two Hundred Day Moving Average of $2.38

Lument Finance Trust, Inc. (NYSE:LFT)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.38 and traded as high as $2.57. Lument Finance Trust shares last traded at $2.50, with a volume of 252,771 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Jonestrading reissued a “buy” rating and set a $2.50 price objective on shares of Lument Finance Trust in a research report on Monday, May 13th.

Lument Finance Trust Trading Down 0.8 %

The company has a debt-to-equity ratio of 6.05, a quick ratio of 5.35 and a current ratio of 5.35. The stock’s 50-day simple moving average is $2.45 and its 200-day simple moving average is $2.38. The firm has a market capitalization of $125.42 million, a PE ratio of 7.50 and a beta of 1.08.

Lument Finance Trust (NYSE:LFT) last announced its earnings results on Thursday, May 9th. The technology company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. Lument Finance Trust had a net margin of 16.43% and a return on equity of 12.59%. The firm had revenue of $33.71 million for the quarter, compared to analysts’ expectations of $10.56 million. As a group, sell-side analysts expect that Lument Finance Trust, Inc. will post 0.44 EPS for the current fiscal year.

Lument Finance Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 13.33%. The ex-dividend date of this dividend is Thursday, June 27th. This is a boost from Lument Finance Trust’s previous quarterly dividend of $0.07. Lument Finance Trust’s payout ratio is 100.00%.

Institutional Trading of Lument Finance Trust

Hedge funds have recently modified their holdings of the business. Melia Wealth LLC bought a new position in Lument Finance Trust in the 1st quarter worth about $489,000. Vanguard Group Inc. boosted its stake in Lument Finance Trust by 8.9% in the 1st quarter. Vanguard Group Inc. now owns 1,557,677 shares of the technology company’s stock worth $3,879,000 after purchasing an additional 127,887 shares in the last quarter. Foundations Investment Advisors LLC bought a new position in Lument Finance Trust in the 4th quarter worth about $211,000. Hillsdale Investment Management Inc. boosted its stake in Lument Finance Trust by 110.7% in the 1st quarter. Hillsdale Investment Management Inc. now owns 75,000 shares of the technology company’s stock worth $187,000 after purchasing an additional 39,396 shares in the last quarter. Finally, LSV Asset Management bought a new position in Lument Finance Trust in the 1st quarter worth about $41,000. Institutional investors 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.