Lument Finance Trust, Inc. (LFT) to Issue Quarterly Dividend of $0.04 on January 15th

Lument Finance Trust, Inc. (NYSE:LFT) declared a quarterly dividend on Thursday, December 11th. Investors of record on Wednesday, December 31st will be given a dividend of 0.04 per share by the technology company on Thursday, January 15th. This represents a c) dividend on an annualized basis and a dividend yield of 10.9%. The ex-dividend date is Wednesday, December 31st.

Lument Finance Trust has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 2 years. Lument Finance Trust has a payout ratio of 48.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Lument Finance Trust to earn $0.40 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 40.0%.

Lument Finance Trust Trading Up 0.3%

Shares of LFT stock opened at $1.47 on Monday. Lument Finance Trust has a 52-week low of $1.41 and a 52-week high of $2.84. 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 company has a 50-day simple moving average of $1.54 and a two-hundred day simple moving average of $1.95. The company has a market capitalization of $76.72 million, a price-to-earnings ratio of 14.65 and a beta of 0.72.

Lument Finance Trust (NYSE:LFT) last posted its earnings results on Wednesday, November 12th. The technology company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.06). The firm had revenue of $4.89 million for the quarter, compared to the consensus estimate of $8.32 million. Lument Finance Trust had a return on equity of 10.20% and a net margin of 11.19%. Research analysts anticipate that Lument Finance Trust will post 0.42 EPS for the current fiscal year.

Institutional Investors Weigh In On Lument Finance Trust

A number of hedge funds have recently modified their holdings of LFT. Bank of America Corp DE grew its holdings in Lument Finance Trust by 3,989.4% during the second quarter. Bank of America Corp DE now owns 14,640 shares of the technology company’s stock valued at $32,000 after purchasing an additional 14,282 shares during the period. James Investment Research Inc. lifted its position in shares of Lument Finance Trust by 80.0% during the 3rd quarter. James Investment Research Inc. now owns 18,000 shares of the technology company’s stock valued at $36,000 after buying an additional 8,000 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of Lument Finance Trust by 102.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 19,556 shares of the technology company’s stock worth $40,000 after acquiring an additional 9,882 shares during the period. Intech Investment Management LLC purchased a new stake in Lument Finance Trust in the 2nd quarter worth about $52,000. Finally, OMERS ADMINISTRATION Corp purchased a new stake in Lument Finance Trust in the 1st quarter worth about $55,000. Institutional investors own 19.45% of the company’s stock.

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.