Lument Finance Trust (NYSE:LFT) Stock Passes Above 200-Day Moving Average – What’s Next?

Lument Finance Trust, Inc. (NYSE:LFT) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.49 and traded as high as $2.50. Lument Finance Trust shares last traded at $2.38, with a volume of 336,806 shares.

Wall Street Analysts Forecast Growth

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 Trading Up 2.4 %

The company has a 50 day simple moving average of $2.51 and a two-hundred day simple moving average of $2.49. The company has a debt-to-equity ratio of 5.39, a quick ratio of 5.78 and a current ratio of 6.29. The firm has a market cap of $131.77 million, a PE ratio of 7.03 and a beta of 1.07.

Lument Finance Trust (NYSE:LFT) last issued its quarterly earnings results on Tuesday, November 12th. The technology company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. The company had revenue of $28.93 million for the quarter, compared to the consensus estimate of $9.06 million. Lument Finance Trust had a net margin of 18.19% and a return on equity of 14.41%. During the same quarter in the prior year, the company earned $0.11 EPS. Analysts expect that Lument Finance Trust, Inc. will post 0.42 EPS for the current fiscal year.

Lument Finance Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 12.70%. The ex-dividend date was Monday, September 30th. Lument Finance Trust’s dividend payout ratio (DPR) is 88.89%.

Hedge Funds Weigh In On Lument Finance Trust

Institutional investors and hedge funds have recently modified their holdings of the business. Mercer Global Advisors Inc. ADV acquired a new stake in Lument Finance Trust during the 2nd quarter worth $27,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Lument Finance Trust in the third quarter valued at approximately $32,000. Sei Investments Co. acquired a new stake in shares of Lument Finance Trust in the second quarter valued at approximately $54,000. Acadian Asset Management LLC purchased a new position in Lument Finance Trust during the second quarter worth approximately $55,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Lument Finance Trust by 72.4% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 26,198 shares of the technology company’s stock worth $66,000 after acquiring an additional 11,001 shares during the last quarter. Hedge funds and other 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.