Lument Finance Trust (NYSE:LFT) Shares Cross Above 200-Day Moving Average – Here’s Why

Lument Finance Trust, Inc. (NYSE:LFT)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.53 and traded as high as $2.75. Lument Finance Trust shares last traded at $2.75, with a volume of 174,717 shares.

Analyst Upgrades and Downgrades

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

Lument Finance Trust Price Performance

The company has a market cap of $143.80 million, a PE ratio of 7.64 and a beta of 1.08. The company has a debt-to-equity ratio of 5.39, a current ratio of 6.29 and a quick ratio of 6.29. The company has a 50-day moving average price of $2.56 and a two-hundred day moving average price of $2.53.

Lument Finance Trust (NYSE:LFT) last posted its earnings results on Tuesday, November 12th. The technology company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The company had revenue of $28.93 million for the quarter, compared to analysts’ expectations of $9.06 million. Lument Finance Trust had a return on equity of 14.41% and a net margin of 18.19%. During the same period last year, the business posted $0.11 earnings per share. Sell-side analysts expect that Lument Finance Trust, Inc. will post 0.42 earnings per share for the current fiscal year.

Lument Finance Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.09 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.36 dividend on an annualized basis and a dividend yield of 13.09%. Lument Finance Trust’s dividend payout ratio is presently 88.89%.

Institutional Investors Weigh In On Lument Finance Trust

A number of institutional investors have recently added to or reduced their stakes in the company. Acadian Asset Management LLC bought a new position in Lument Finance Trust during the second quarter valued at about $55,000. Sei Investments Co. acquired a new stake in Lument Finance Trust during the second quarter valued at approximately $54,000. Mercer Global Advisors Inc. ADV acquired a new position in Lument Finance Trust in the second quarter worth approximately $27,000. Glenmede Trust Co. NA bought a new position in shares of Lument Finance Trust in the third quarter valued at $85,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Lument Finance Trust by 72.4% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 26,198 shares of the technology company’s stock valued at $66,000 after acquiring an additional 11,001 shares during the last quarter. 19.45% of the stock is currently owned by institutional investors and hedge funds.

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.