Lument Finance Trust (LFT) to Release Quarterly Earnings on Friday

Lument Finance Trust (NYSE:LFTGet Free Report) is projected to announce its earnings results before the market opens on Friday, March 21st. Analysts expect the company to announce earnings of $0.10 per share and revenue of $8.89 million for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Lument Finance Trust (NYSE:LFTGet Free Report) last announced its quarterly earnings results on Wednesday, March 19th. The technology company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.01. Lument Finance Trust had a return on equity of 14.41% and a net margin of 18.19%. On average, analysts expect Lument Finance Trust to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Lument Finance Trust Stock Performance

NYSE LFT opened at $2.77 on Thursday. The stock has a market capitalization of $144.85 million, a price-to-earnings ratio of 7.69 and a beta of 1.05. The stock has a 50-day moving average of $2.66 and a 200 day moving average of $2.59. The company has a current ratio of 6.29, a quick ratio of 6.29 and a debt-to-equity ratio of 5.39. Lument Finance Trust has a twelve month low of $2.22 and a twelve month high of $2.80.

Lument Finance Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 11.55%. Lument Finance Trust’s payout ratio is 88.89%.

Lument Finance Trust Company Profile

(Get Free Report)

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.

Further Reading

Earnings History for Lument Finance Trust (NYSE:LFT)

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