Lument Finance Trust, Inc. (NYSE: LFT – Get Rating) was the target of a significant increase in short-term interest in May. As of May 31, there was short interest totaling 101,000 shares, a 95.0% increase from the May 15 total of 51,800 shares. Based on an average daily trading volume of 129,400 shares, the day-to-cover ratio is currently 0.8 days.
NYSE:LFT shares opened at $2.62 on Monday. Lument Finance Trust has a 12-month low of $2.31 and a 12-month high of $4.48. The company’s 50-day moving average price is $2.62 and its two-hundred-day moving average price is $3.08. The company has a quick ratio of 7.16, a current ratio of 7.16 and a leverage ratio of 4.56. The company has a market capitalization of $136.83 million, a P/E ratio of 10.92 and a beta of 1.19.
Lument Finance Trust (NYSE:LFT – Get Rating) last released its results on Monday, May 9. The tech company reported earnings per share (EPS) of $0.05 for the quarter, missing analyst consensus estimates of $0.09 per ($0.04). Lument Finance Trust posted a net margin of 25.54% and a return on equity of 8.24%. In the same quarter last year, the company achieved EPS of $0.11. As a group, stock analysts expect Lument Finance Trust to post 0.28 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, April 15. Investors of record on Thursday, March 31 received a dividend of $0.06. The ex-dividend date was Wednesday, March 30. This represents a dividend of $0.24 on an annualized basis and a dividend yield of 9.16%. Lument Finance Trust’s dividend payout ratio is 100.00%.
A number of brokerages have recently commented on LFT. LADENBURG THALM/SH SH downgraded Lument Finance Trust from a ‘buy’ rating to a ‘neutral’ rating in a Thursday, March 17 report. Raymond James lowered his price target on shares of Lument Finance Trust from $4.50 to $3.75 and set an “outperform” rating on the stock in a Thursday, March 17 report. One analyst rated the stock with a hold rating and four have issued a buy rating for the company’s stock. According to MarketBeat.com, Lument Finance Trust has a consensus rating of “Buy” and an average target price of $4.31.
In related news, CEO James Peter Flynn purchased 13,500 shares of Lument Finance Trust in a trade dated Monday March 21. The shares were acquired at an average cost of $2.82 per share, with a total value of $38,070.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, accessible via this hyperlink. Additionally, director James Christopher Hunt acquired 15,000 shares of Lument Finance Trust in a transaction that took place on Monday, March 21. The shares were acquired at an average cost of $2.79 per share, with a total value of $41,850.00. Disclosure of this purchase can be found here. Over the past 90 days, insiders have purchased 54,500 shares of the company valued at $147,490. Insiders hold 2.00% of the shares of the company.
Several large investors have recently changed their positions in the stock. Deltec Asset Management LLC increased its stake in Lument Finance Trust by 140.7% during the 1st quarter. Deltec Asset Management LLC now owns 827,430 shares of the technology company worth $2,267,000 after purchasing an additional 483,703 shares last quarter. Advisor Group Holdings Inc. increased its position in Lument Finance Trust by 154.9% during the 1st quarter. Advisor Group Holdings Inc. now owns 368,847 shares of the technology company worth $1,011,000 after buying an additional 224,170 shares in the last quarter. BlackRock Inc. increased its position in Lument Finance Trust by 3.1% during the 4th quarter. BlackRock Inc. now owns 172,876 shares of the tech company worth $664,000 after buying an additional 5,260 shares last quarter. Geode Capital Management LLC increased its position in Lument Finance Trust by 7.0% during the 3rd quarter. Geode Capital Management LLC now owns 123,847 shares of the technology company worth $490,000 after buying 8,101 additional shares last quarter. Finally, Citigroup Inc. acquired a new stake in Lument Finance Trust during the 1st quarter for a value of approximately $331,000. Institutional investors and hedge funds hold 59.65% of the company’s shares.
Lument Finance Trust Company Profile (Get an assessment)
Lument Finance Trust, Inc, a real estate investment trust, is focused on investing, financing and managing a portfolio of commercial real estate (CRE) investments in the United States. The Company invests primarily in transitional variable rate commercial mortgages on mid-market multi-family assets; and other CRE-related investments, including mezzanine loans, preferred shares, commercial mortgage-backed securities, fixed rate loans, construction loans, and other CRE debt instruments .
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