Lument Finance Trust (NYSE:LFT) Releases Earnings Results, Misses Estimates By $0.75 EPS

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

Lument Finance Trust Price Performance

Shares of LFT opened at $6.54 on Tuesday. 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 stock’s 50 day moving average is $7.49 and its two-hundred day moving average is $10.32. Lument Finance Trust has a twelve month low of $5.80 and a twelve month high of $23.10. The firm has a market capitalization of $34.35 million, a PE ratio of -1.82 and a beta of 0.57.

Wall Street Analyst Weigh In

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

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.