Lument Finance Trust (LFT) set to report earnings on Monday

Lument Finance Trust (NYSE: LFT – Get a rating) is expected to release earnings data after the market closes on Monday, May 9. Analysts expect Lument Finance Trust to post earnings of $0.09 per share for the quarter.

Lument Finance Trust (NYSE: LFT – Get a rating) last reported quarterly earnings data on Tuesday, March 15. The technology company reported earnings per share (EPS) of $0.11 for the quarter, beating analyst consensus estimates of $0.10 by $0.01. Lument Finance Trust posted a net margin of 27.07% and a return on equity of 9.64%. On average, analysts expect Lument Finance Trust to post EPS of $0 for the current fiscal year and EPS of $0 for the next fiscal year.

Shares of NYSE:LFT traded at $0.02 in Friday’s midday session, hitting $2.62. 493 shares of the company were traded, against an average volume of 103,549. Lument Finance Trust has a one-year low of $2.53 and a one-year high of $4.48. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt ratio of 7.79. The company’s fifty-day moving average is $2.83 and its two-hundred-day moving average is $3.34. The stock has a market capitalization of $136.82 million, a PE ratio of 8.67 and a beta of 1.18.

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The company also recently disclosed a quarterly dividend, which was paid on Friday, April 15. Shareholders of record on Thursday, March 31 received a dividend of $0.06 per share. The ex-dividend date was Wednesday, March 30. This represents an annualized dividend of $0.24 and a yield of 9.16%. Lument Finance Trust’s dividend payout ratio (DPR) is currently 80.00%.

In related news, CEO James Peter Flynn purchased 13,500 shares of the company in a transaction that took place on Monday, March 21. The stock was purchased at an average price of $2.82 per share, with a total value of $38,070.00. The purchase was disclosed in a legal filing with the SEC, accessible via this link. Additionally, director James Christopher Hunt purchased 15,000 shares of the company in a transaction that took place on Monday, March 21. The stock was purchased at an average cost of $2.79 per share, with a total value of $41,850.00. Disclosure of this purchase can be found here. Over the past ninety days, insiders have purchased 35,500 shares of the company valued at $99,690. Insiders hold 2.00% of the shares of the company.

A hedge fund recently increased its stake in shares of Lument Finance Trust. BlackRock Inc. increased its stake in Lument Finance Trust, Inc. (NYSE: LFT – Get a rating) by 3.1% in the 4th quarter, according to the company in its latest filing with the SEC. The institutional investor held 172,876 shares of the technology company after acquiring an additional 5,260 shares during the quarter. BlackRock Inc. owned approximately 0.69% of Lument Finance Trust worth $664,000 at the end of the most recent reporting period. 59.65% of the shares are currently held by hedge funds and other institutional investors.

Several research analysts recently commented on the title. Raymond James cut his price target on shares of Lument Finance Trust from $4.50 to $3.75 and set an “outperform” rating on the stock in a Thursday, March 17 research note. Zacks Investment Research upgraded shares of Lument Finance Trust from a “sell” rating to a “hold” rating in a Tuesday, April 12 research note. Finally, LADENBURG THALM/SH SH downgraded shares of Lument Finance Trust from a ‘buy’ rating to a ‘neutral’ rating in a Thursday, March 17 research note. Two investment analysts gave the stock a hold rating and four gave the company a buy rating. Based on data from MarketBeat.com, Lument Finance Trust currently has a consensus rating of “Buy” and an average target price of $4.35.

Lument Finance Trust Company Profile (Get a rating)

Lument Finance Trust, Inc, a real estate investment trust, is focused on investing, financing and managing a portfolio of commercial real estate (CRE) investments in the United States. The Company invests primarily in transitional variable rate commercial mortgages on mid-market multi-family assets; and other CRE-related investments, including mezzanine loans, preferred shares, commercial mortgage-backed securities, fixed rate loans, construction loans, and other CRE debt instruments .

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Earnings history of Lument Finance Trust (NYSE:LFT)

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