Lument Finance Trust (NYSE:LFT)’s stock price is above its 200-day moving average of $2.43

Share price of Lument Finance Trust, Inc. (NYSE:LFT – Get Free Report ) broke above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $2.43 and traded as high as $2.57. Lument Finance Trust shares last traded at $2.49 with a volume of 149,390 shares.

Analysts set new price targets

Separately, Jonestrading reaffirmed a “buy” rating and issued a $2.50 target price on shares of Lument Finance Trust in a report on Monday, May 13th.

Get the latest stock report on Lument Finance Trust

Lument Finance Trust share performance

The company has a market cap of $130.12 million, a PE ratio of 7.78 and a beta of 1.07. The firm has a 50 day moving average of $2.51 and a two hundred day moving average of $2.43. The company has a quick ratio of 5.35, a current ratio of 5.35, and a debt-to-equity ratio of 6.05.

Lument Finance Trust (NYSE:LFT – Get Free Report ) last posted its quarterly earnings data on Monday, August 12th. The technology company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). Lument Finance Trust had a return on equity of 12.59% and a net margin of 16.43%. The firm had revenue of $30.64 million for the quarter, compared to analyst estimates of $9.82 million. During the same period in the prior year, the business earned $0.04 EPS. Research analysts anticipate that Lument Finance Trust, Inc. it will post 0.44 EPS for the current year.

Lument Finance Trust increases dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were given a $0.08 dividend. The ex-dividend date was Thursday, June 27. This represents a dividend of $0.32 on an annualized basis and a dividend yield of 12.85%. This is an increase from Lument Finance Trust’s previous quarterly dividend of $0.07. Lument Finance Trust’s dividend payout ratio is 100.00%.

Institutional investors weigh in on Lument Finance Trust

Hedge funds have recently modified their holdings of the company. Mercer Global Advisors Inc. ADV acquired a new position in shares of Lument Finance Trust in the second quarter valued at about $27,000. LSV Asset Management acquired a new stake in shares of Lument Finance Trust in the first quarter valued at approximately $41,000. Sei Investments Co. purchased a new stake in shares of Lument Finance Trust in the second quarter valued at about $54,000. Acadian Asset Management LLC purchased a new position in shares of Lument Finance Trust during the 2nd quarter worth approximately $55,000. Finally, Hillsdale Investment Management Inc. purchased a new position in shares of Lument Finance Trust during the 4th quarter valued at approximately $83,000. 19.45% of the shares are held by hedge funds and other institutional investors.

About Lument Finance Trust

(Get a free report)

Lument Finance Trust, Inc, a real estate investment trust, focuses on investing, financing and managing a portfolio of commercial real estate (CRE) debt investments in the United States. The Company invests primarily in variable rate bridge CRE mortgage loans on middle market multifamily assets; and other CRE-related investments, including mezzanine loans, preferred stock, commercial mortgage-backed securities, fixed rate loans, construction loans and other CRE debt instruments.

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