Lument Finance Trust (NYSE:LFT) Cut to “Sell” at Wall Street Zen

Wall Street Zen lowered shares of Lument Finance Trust (NYSE:LFT) from a hold rating to a sell rating in a report published on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Lument Finance Trust in a research note on Monday, December 29th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Lument Finance Trust currently has a consensus rating of “Reduce”.

Lument Finance Trust Stock Performance

Shares of NYSE:LFT opened at $1.33 on Friday. The company has a current ratio of 6.92, a quick ratio of 6.92 and a debt-to-equity ratio of 4.15. Lument Finance Trust has a 12 month low of $1.22 and a 12 month high of $2.84. The company has a market capitalization of $69.65 million, a price-to-earnings ratio of 13.30 and a beta of 0.69. The firm’s 50-day moving average is $1.36 and its 200 day moving average is $1.58.

Lument Finance Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a $0.04 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $0.16 dividend on an annualized basis and a dividend yield of 12.0%. Lument Finance Trust’s dividend payout ratio is presently 160.00%.

Insider Buying and Selling

In related news, Director Walter C. Keenan acquired 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 30th. The stock was bought at an average price of $1.46 per share, for a total transaction of $36,500.00. Following the acquisition, the director directly owned 197,116 shares of the company’s stock, valued at $287,789.36. This represents a 14.53% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Lument Finance Trust

Hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. raised its stake in shares of Lument Finance Trust by 302.0% during the fourth quarter. Russell Investments Group Ltd. now owns 32,987 shares of the technology company’s stock valued at $47,000 after acquiring an additional 24,782 shares in the last quarter. State Street Corp grew its stake in Lument Finance Trust by 4.2% in the fourth quarter. State Street Corp now owns 454,684 shares of the technology company’s stock worth $659,000 after purchasing an additional 18,122 shares in the last quarter. Wells Fargo & Company MN increased its holdings in Lument Finance Trust by 46.2% during the 4th quarter. Wells Fargo & Company MN now owns 51,170 shares of the technology company’s stock worth $72,000 after purchasing an additional 16,179 shares during the period. Jane Street Group LLC purchased a new position in Lument Finance Trust during the 4th quarter worth $139,000. Finally, Goldman Sachs Group Inc. raised its position in Lument Finance Trust by 71.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 112,804 shares of the technology company’s stock valued at $159,000 after purchasing an additional 46,936 shares in the last quarter. 19.45% of the stock is currently owned by institutional investors.

About Lument Finance Trust

Lument Finance Trust is a real estate investment trust that focuses on originating and acquiring senior secured loans backed by commercial real estate properties. Listed on the New York Stock Exchange under the ticker LFT, the company seeks to generate attractive risk?adjusted returns by targeting floating?rate, first?mortgage loans across a broad range of property types, including multifamily, office, retail, industrial and hospitality.

The firm’s core business activity centers on deploying capital into short? and medium?term financing solutions for institutional real estate owners and developers.