Lument Finance Trust, Inc. (LFT) To Go Ex-Dividend on October 1st

Lument Finance Trust, Inc. (NYSE:LFT) declared a quarterly dividend on Friday, September 18th. Investors of record on Thursday, October 1st will be paid a dividend of $0.4922 per share by the technology company on Thursday, October 15th. This represents a $1.97 dividend on an annualized basis and a yield of 34.8%. The ex-dividend date of this dividend is Thursday, October 1st. This is a 23.0% increase from Lument Finance Trust’s previous quarterly dividend of $0.40.

Lument Finance Trust has decreased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Lument Finance Trust has a dividend payout ratio of 484.8% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Lument Finance Trust Price Performance

NYSE:LFT opened at $5.66 on Tuesday. Lument Finance Trust has a 12 month low of $5.15 and a 12 month high of $21.10. The stock has a 50 day moving average of $6.81 and a two-hundred day moving average of $9.77. The company has a current ratio of 5.98, a quick ratio of 5.98 and a debt-to-equity ratio of 6.11. The firm has a market cap of $29.71 million, a P/E ratio of -1.57 and a beta of 0.57.

Lument Finance Trust (NYSE:LFT) last released its earnings results on Thursday, August 13th. The technology company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.75). Lument Finance Trust had a negative net margin of 18.00% and a positive return on equity of 0.86%. The firm had revenue of ($13.37) million during the quarter, compared to analysts’ expectations of $4.59 million.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Lument Finance Trust in a research note on Monday, September 14th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Lument Finance Trust Company Profile

Lument Finance Trust, Inc (NYSE:LFT) is a real estate investment trust focused primarily on commercial real estate debt investments. The company generally targets loans and other credit investments secured by income-producing properties, with an emphasis on the multifamily housing sector.

Its investment activities may include transitional multifamily mortgage loans, commercial mortgage-backed securities and other real estate-related debt instruments. Through its relationship with the Lument platform, the company seeks to identify, underwrite and manage investments in commercial properties across the United States.

Lument Finance Trust was formerly known as Hunt Companies Finance Trust, Inc and adopted its current name in 2020.