Lument Finance Trust (NYSE:LFT) Announces Earnings Results

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

Lument Finance Trust Price Performance

Lument Finance Trust stock opened at $5.08 on Wednesday. Lument Finance Trust has a 12-month low of $4.95 and a 12-month high of $18.85. The stock has a market capitalization of $26.67 million, a P/E ratio of -1.41 and a beta of 0.61. The firm’s 50-day moving average is $6.46 and its two-hundred day moving average is $9.40. The company has a debt-to-equity ratio of 6.11, a current ratio of 5.98 and a quick ratio of 5.98.

Lument Finance Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, October 1st will be issued a $0.4922 dividend. This is a positive change from Lument Finance Trust’s previous quarterly dividend of $0.40. The ex-dividend date is Thursday, October 1st. This represents a $1.97 dividend on an annualized basis and a yield of 38.8%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Lument Finance Trust in a research note on Monday, September 14th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Lument Finance Trust 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 on debt investments secured by multifamily and other commercial real estate properties. The company seeks to generate income primarily through investments in mortgage loans and other real estate-related credit assets.

Its investment activities have included floating-rate, transitional multifamily mortgage loans, commercial mortgage-backed securities and other commercial real estate debt investments. These assets are generally associated with properties that may require renovation, repositioning or other improvements before reaching stabilized operations.

Lument Finance Trust is externally managed by Lument Investment Management, LLC, an affiliate of Lument, a commercial real estate finance platform.