Lument Finance Trust, Inc. (NYSE:LFT) Receives an Average “Buy” Rating from Analysts
Shares of Lument Finance Trust, Inc. (NYSE:LFT) received a consensus rating of “Buy” from the eight brokerages that cover the company, Marketbeat reports. One research analyst rated the stock with a hold rating and six issued a buy rating on the company. The average 1-year price target among brokers who have rated the stock in the past year is $4.50.
Several brokerages have recently commented on LFT. Piper Sandler began coverage of Lument Finance Trust in a report on Friday, December 17. They set an “overweight” rating and a price target of $4.50 for the company. Zacks Investment Research upgraded Lument Finance Trust from a “sell” rating to a “hold” rating in a Wednesday, January 12, report. B. Riley began coverage of Lument Finance Trust in a report on Friday, October 15. They set a “buy” rating and a price target of $4.50 for the company. Finally, JMP Securities reiterated a “buy” rating on shares of Lument Finance Trust in a report on Thursday, November 11.
Shares of Lument Finance Trust opened at $3.15 on Friday. The company has a fifty-day moving average of $3.74 and a two-hundred-day moving average of $3.93. The company has a quick ratio of 24.30, a current ratio of 24.30 and a leverage ratio of 7.80. The company has a market capitalization of $78.59 million, a P/E ratio of 10.50 and a beta of 1.22. Lument Finance Trust has a 12-month low of $3.09 and a 12-month high of $4.48.
Lument Finance Trust (NYSE:LFT) last released its results on Tuesday, November 9. The tech company reported earnings per share of $0.06 for the quarter, missing analyst consensus estimates of $0.09 per ($0.03). Lument Finance Trust had a return on equity of 9.57% and a net margin of 29.77%. During the same period a year earlier, the company posted EPS of $0.11. Equity analysts expect Lument Finance Trust to post 0.37 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, January 18. Investors of record on Friday, December 31 received a dividend of $0.09. The ex-dividend date was Thursday, December 30. This represents a dividend of $0.36 on an annualized basis and a yield of 11.43%. The dividend payout ratio (DPR) of Lument Finance Trust is 120.00%.
A number of hedge funds have recently changed their LFT holdings. Renaissance Technologies LLC increased its stake in Lument Finance Trust by 41.4% in the 2nd quarter. Renaissance Technologies LLC now owns 353,797 shares of the technology company worth $1,489,000 after acquiring 103,588 additional shares in the last quarter. BlackRock Inc. increased its position in Lument Finance Trust by 34.3% during the third quarter. BlackRock Inc. now owns 167,616 shares of the technology company worth $664,000 after purchasing an additional 42,811 shares during the period. Advisor Group Holdings Inc. increased its position in Lument Finance Trust by 57.9% during the third quarter. Advisor Group Holdings Inc. now owns 112,535 shares of the technology company worth $446,000 after purchasing an additional 41,243 shares during the period. O Shaughnessy Asset Management LLC increased its position in Lument Finance Trust by 42.1% during Q3. O Shaughnessy Asset Management LLC now owns 106,192 shares of the technology company worth $421,000 after purchasing 31,438 additional shares during the period. Finally, Geode Capital Management LLC increased its position in Lument Finance Trust by 18.3% during the 2nd quarter. Geode Capital Management LLC now owns 115,746 shares of the technology company worth $487,000 after purchasing an additional 17,884 shares during the period. Institutional investors hold 29.91% of the company’s shares.
Lument Finance Trust Company Profile
Lument Finance Trust, Inc operates as a real estate investment finance company, which engages in the investment, financing and management of a portfolio of commercial real estate (CRE) investments. It invests primarily in transitional floating rate commercial mortgages and other CRE-related investments such as preferred shares; commercial mortgage-backed securities; mezzanine, fixed rate and construction loans and; other CRE debt securities.
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