Lument Finance Trust’s (LFT) “Hold” Rating Reiterated at Jones Trading

Lument Finance Trust (NYSE:LFT)‘s stock had its “hold” rating reaffirmed by stock analysts at Jones Trading in a report released on Tuesday,Benzinga reports.

Lument Finance Trust Stock Down 2.8 %

Lument Finance Trust stock opened at $2.61 on Tuesday. The firm’s fifty day moving average is $2.70 and its 200 day moving average is $2.61. Lument Finance Trust has a 12-month low of $2.22 and a 12-month high of $2.84. The company has a market capitalization of $136.26 million, a PE ratio of 7.24 and a beta of 1.05. The company has a quick ratio of 6.29, a current ratio of 6.29 and a debt-to-equity ratio of 5.39.

Lument Finance Trust (NYSE:LFT) last announced its earnings results on Wednesday, March 19th. The technology company reported $0.10 EPS for the quarter, meeting the consensus estimate of $0.10. The company had revenue of $9.55 million during the quarter, compared to the consensus estimate of $8.89 million. Lument Finance Trust had a net margin of 18.19% and a return on equity of 14.41%. As a group, sell-side analysts predict that Lument Finance Trust will post 0.42 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LFT. Melia Wealth LLC boosted its holdings in shares of Lument Finance Trust by 3.5% in the fourth quarter. Melia Wealth LLC now owns 727,365 shares of the technology company’s stock worth $1,877,000 after acquiring an additional 24,415 shares during the period. Geode Capital Management LLC grew its holdings in Lument Finance Trust by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 443,701 shares of the technology company’s stock valued at $1,146,000 after buying an additional 4,748 shares in the last quarter. Northern Trust Corp increased its position in shares of Lument Finance Trust by 7.5% during the fourth quarter. Northern Trust Corp now owns 85,750 shares of the technology company’s stock valued at $221,000 after buying an additional 5,991 shares during the period. Millennium Management LLC purchased a new stake in shares of Lument Finance Trust in the fourth quarter worth about $160,000. Finally, NewEdge Advisors LLC boosted its position in shares of Lument Finance Trust by 79.2% in the fourth quarter. NewEdge Advisors LLC now owns 61,179 shares of the technology company’s stock valued at $158,000 after acquiring an additional 27,037 shares during the period. 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.