Lument Finance Trust (NYSE:LFT) Issues Earnings Results

Lument Finance Trust (NYSE:LFT) issued its quarterly earnings results on Tuesday. The technology company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01, Zacks reports. Lument Finance Trust had a return on equity of 14.41% and a net margin of 18.19%. The firm had revenue of $28.93 million for the quarter, compared to analyst estimates of $9.06 million. During the same period last year, the company earned $0.11 EPS.

Lument Finance Trust Stock Up 2.0 %

LFT stock traded up $0.05 during midday trading on Friday, hitting $2.51. 44,732 shares of the company’s stock were exchanged, compared to its average volume of 90,884. The company has a current ratio of 6.29, a quick ratio of 5.78 and a debt-to-equity ratio of 5.39. Lument Finance Trust has a 12-month low of $2.00 and a 12-month high of $2.75. The firm has a 50 day moving average price of $2.51 and a 200-day moving average price of $2.49. The stock has a market capitalization of $131.25 million, a price-to-earnings ratio of 7.03 and a beta of 1.07.

Lument Finance Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.08 per share. The ex-dividend date was Monday, September 30th. This represents a $0.32 annualized dividend and a yield of 12.75%. Lument Finance Trust’s dividend payout ratio is presently 88.89%.

Analysts Set New Price Targets

Separately, Raymond James downgraded Lument Finance Trust from an “outperform” rating to a “market perform” rating in a report on Thursday, September 19th.

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.