• Home
  • Finance
  • Lument Finance Trust, Inc. (NYSE:LFT) Receives an Average “Buy” Rating from Analysts

Lument Finance Trust, Inc. (NYSE:LFT) Receives an Average “Buy” Rating from Analysts

By on January 23, 2022 0

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.

(A d)

There are not many days left on the calendar…and yet the global semiconductor market has reached $466.2 billion – despite the pandemic.

Even better, the chip shortage has created huge opportunities for recurring hits.

These four tech companies are well positioned to take advantage of this rapidly growing demand.

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.

Recommended Story: Small Group Actions

Analyst Recommendations for Lument Finance Trust (NYSE: LFT)

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in Lument Finance Trust right now?

Before you consider Lument Finance Trust, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market ripples…and Lument Finance Trust didn’t make the list.

While Lument Finance Trust currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here

  Finance