Hunt Companies Finance Trust (NYSE:HCFT) Downgraded by Zacks Investment Research

Hunt Companies Finance Trust (NYSE:HCFT) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Tuesday, Zacks.com reports.

According to Zacks, “Hunt Companies Finance Trust, Inc. operates as a real estate specialty finance company. It focuses on portfolio of mortgage-backed securities, loans and other real estate related investments. Hunt Companies Finance Trust Inc., formerly known as Five Oaks Investment Corp., is based in New York, United States. “

HCFT opened at $3.42 on Tuesday. The company has a market capitalization of $80.30 million, a PE ratio of -11.03 and a beta of 1.28. The company has a debt-to-equity ratio of 4.98, a current ratio of 10.35 and a quick ratio of 10.35. Hunt Companies Finance Trust has a 52 week low of $2.76 and a 52 week high of $3.79.

Hunt Companies Finance Trust (NYSE:HCFT) last released its earnings results on Monday, March 18th. The company reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.04). Hunt Companies Finance Trust had a negative net margin of 34.23% and a positive return on equity of 8.04%. The firm had revenue of $4.60 million during the quarter. As a group, research analysts expect that Hunt Companies Finance Trust will post 0.39 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of HCFT. Punch & Associates Investment Management Inc. bought a new position in Hunt Companies Finance Trust during the 1st quarter valued at approximately $611,000. Renaissance Technologies LLC bought a new position in Hunt Companies Finance Trust during the 1st quarter valued at approximately $153,000. Sawtooth Solutions LLC bought a new position in Hunt Companies Finance Trust during the 1st quarter valued at approximately $131,000. Morgan Stanley increased its position in Hunt Companies Finance Trust by 151.4% during the 1st quarter. Morgan Stanley now owns 32,130 shares of the company’s stock valued at $112,000 after buying an additional 19,351 shares in the last quarter. Finally, Kennedy Capital Management Inc. bought a new position in Hunt Companies Finance Trust during the 1st quarter valued at approximately $62,000. 37.85% of the stock is owned by institutional investors.

About Hunt Companies Finance Trust

Hunt Companies Finance Trust, Inc, a real estate specialty finance company, focuses on investing in portfolio mortgage-backed securities (MBS), mortgages, and other real estate related assets. It invests in agency and non-agency residential MBS, multi-family MBS, mortgage-servicing rights, and other mortgage-related investments.

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