Lument Finance Trust (NYSE:LFT) Announces Earnings Results

Lument Finance Trust (NYSE:LFT) released its quarterly earnings data on Monday. The technology company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.30), reports. Lument Finance Trust had a positive return on equity of 7.09% and a negative net margin of 3.47%.The business had revenue of ($3.92) million for the quarter, compared to analyst estimates of $7.78 million.

Lument Finance Trust Stock Down 0.4%

LFT traded down $0.01 during mid-day trading on Wednesday, reaching $1.23. 27,235 shares of the stock were exchanged, compared to its average volume of 200,000. The company has a debt-to-equity ratio of 4.15, a quick ratio of 6.92 and a current ratio of 6.92. The stock has a market capitalization of $64.15 million, a PE ratio of -8.75 and a beta of 0.69. The company has a 50 day moving average price of $1.36 and a two-hundred day moving average price of $1.57. Lument Finance Trust has a 1 year low of $1.18 and a 1 year high of $2.82.

Lument Finance Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $0.04 per share. The ex-dividend date is Tuesday, March 31st. This represents a $0.16 annualized dividend and a yield of 13.1%. Lument Finance Trust’s dividend payout ratio (DPR) is -114.29%.

Insider Activity

In other news, Director Walter C. Keenan bought 25,000 shares of the stock in a transaction dated 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 completion of the acquisition, the director directly owned 197,116 shares in the company, valued at approximately $287,789.36. This trade represents a 14.53% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

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

Analyst Upgrades and Downgrades

LFT has been the subject of a number of analyst reports. Wall Street Zen cut shares of Lument Finance Trust from a “hold” rating to a “sell” rating in a report on Saturday. Weiss Ratings restated a “sell (d+)” rating on shares of Lument Finance Trust in a report on Monday, December 29th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Reduce”.

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.