Lument Finance Trust (NYSE:LFT) Posts Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Lument Finance Trust (NYSE:LFT) released its quarterly earnings data on Monday. The technology company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.02), Zacks reports. The business had revenue of $30.64 million during the quarter, compared to analysts’ expectations of $9.82 million. Lument Finance Trust had a return on equity of 12.59% and a net margin of 16.43%. During the same quarter in the prior year, the firm earned $0.04 earnings per share.

Lument Finance Trust Trading Down 4.3 %

Shares of NYSE:LFT traded down $0.11 during trading on Tuesday, reaching $2.44. 260,432 shares of the stock were exchanged, compared to its average volume of 93,308. Lument Finance Trust has a 12-month low of $1.91 and a 12-month high of $2.75. The firm’s 50-day moving average price is $2.52 and its 200 day moving average price is $2.42. 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 firm has a market cap of $127.51 million, a price-to-earnings ratio of 7.63 and a beta of 1.07.

Lument Finance Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were paid a $0.08 dividend. This is a positive change from Lument Finance Trust’s previous quarterly dividend of $0.07. This represents a $0.32 annualized dividend and a dividend yield of 13.11%. The ex-dividend date of this dividend was Thursday, June 27th. Lument Finance Trust’s payout ratio is currently 100.00%.

Wall Street Analysts Forecast Growth

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

Lument Finance Trust Company Profile

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.