Lument Finance Trust, Inc. (NYSE:LFT) Short Interest Up 76.6% in December

Lument Finance Trust, Inc. (NYSE:LFT) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 112,500 shares, a growth of 76.6% from the December 15th total of 63,700 shares. Based on an average trading volume of 113,900 shares, the days-to-cover ratio is presently 1.0 days.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Lument Finance Trust

A number of hedge funds have recently added to or reduced their stakes in the company. Barclays PLC bought a new position in shares of Lument Finance Trust in the 3rd quarter worth $120,000. Glenmede Trust Co. NA acquired a new position in Lument Finance Trust during the third quarter worth $85,000. Acadian Asset Management LLC bought a new position in shares of Lument Finance Trust in the second quarter valued at $55,000. Sei Investments Co. acquired a new position in shares of Lument Finance Trust during the second quarter valued at about $54,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Lument Finance Trust during the third quarter worth about $32,000. Institutional investors and hedge funds own 19.45% of the company’s stock.

Lument Finance Trust Price Performance

Lument Finance Trust stock opened at $2.61 on Friday. The stock has a market capitalization of $136.22 million, a price-to-earnings ratio of 7.24 and a beta of 1.07. Lument Finance Trust has a 52-week low of $2.16 and a 52-week high of $2.79. The company has a debt-to-equity ratio of 5.39, a quick ratio of 6.29 and a current ratio of 6.29. The stock’s 50 day moving average price is $2.59 and its two-hundred day moving average price is $2.54.

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

Lument Finance Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 13.82%. The ex-dividend date was Tuesday, December 31st. Lument Finance Trust’s dividend payout ratio (DPR) is currently 88.89%.

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.