Lument Finance Trust (NYSE:LFT) Issues Earnings Results

Lument Finance Trust (NYSE:LFT) announced its quarterly earnings data on Thursday. The technology company reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.16), FiscalAI reports. Lument Finance Trust had a negative net margin of 2.59% and a positive return on equity of 5.65%. The firm had revenue of ($13.37) million for the quarter, compared to analysts’ expectations of $4.59 million.

Lument Finance Trust Stock Performance

Shares of LFT stock traded down $0.00 during trading hours on Thursday, reaching $0.69. The company had a trading volume of 188,995 shares, compared to its average volume of 216,091. The company has a debt-to-equity ratio of 6.16, a quick ratio of 3.03 and a current ratio of 3.03. The business has a fifty day moving average price of $0.90 and a 200-day moving average price of $1.14. Lument Finance Trust has a one year low of $0.64 and a one year high of $2.37. The firm has a market cap of $36.34 million, a PE ratio of -5.33 and a beta of 0.56.

Lument Finance Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $0.04 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 23.1%. Lument Finance Trust’s payout ratio is currently -123.08%.

Institutional Investors Weigh In On Lument Finance Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its stake in shares of Lument Finance Trust by 132.9% in the 2nd quarter. Geode Capital Management LLC now owns 1,058,721 shares of the technology company’s stock worth $2,340,000 after purchasing an additional 604,205 shares during the period. Jane Street Group LLC bought a new stake in Lument Finance Trust during the fourth quarter valued at approximately $139,000. Goldman Sachs Group Inc. grew its position in Lument Finance Trust by 71.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 112,804 shares of the technology company’s stock valued at $159,000 after buying an additional 46,936 shares during the period. New York State Common Retirement Fund bought a new stake in Lument Finance Trust during the second quarter valued at approximately $98,000. Finally, Citadel Advisors LLC increased its holdings in Lument Finance Trust by 125.6% during the third quarter. Citadel Advisors LLC now owns 76,989 shares of the technology company’s stock valued at $156,000 after buying an additional 42,862 shares during the last quarter. Hedge funds and other institutional investors own 19.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Lument Finance Trust in a research report on Thursday, June 18th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Lument Finance Trust Company Profile

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.