Lument Finance Trust (NYSE:LFT) Issues Quarterly Earnings Results, Misses Expectations By $0.16 EPS

Lument Finance Trust (NYSE:LFT) posted its earnings results on Thursday. The technology company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.16), FiscalAI reports. The company had revenue of ($13.37) million during the quarter, compared to the consensus estimate of $4.59 million. Lument Finance Trust had a positive return on equity of 5.65% and a negative net margin of 2.59%.

Lument Finance Trust Stock Performance

Lument Finance Trust stock traded down $0.00 during midday trading on Thursday, hitting $0.69. The stock had a trading volume of 188,995 shares, compared to its average volume of 216,091. Lument Finance Trust has a 52-week low of $0.64 and a 52-week high of $2.37. The company has a market capitalization of $36.34 million, a PE ratio of -5.33 and a beta of 0.56. The firm’s fifty day moving average is $0.90 and its two-hundred day moving average is $1.14. The company has a current ratio of 3.03, a quick ratio of 3.03 and a debt-to-equity ratio of 6.16.

Lument Finance Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 23.1%. The ex-dividend date of this dividend was Tuesday, June 30th. Lument Finance Trust’s dividend payout ratio is currently -123.08%.

Institutional Trading of Lument Finance Trust

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Jane Street Group LLC bought a new position in Lument Finance Trust in the 4th quarter worth $139,000. Goldman Sachs Group Inc. raised its holdings in Lument Finance Trust by 71.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 112,804 shares of the technology company’s stock valued at $159,000 after acquiring an additional 46,936 shares during the period. Citadel Advisors LLC lifted its position in shares of Lument Finance Trust by 125.6% in the third quarter. Citadel Advisors LLC now owns 76,989 shares of the technology company’s stock valued at $156,000 after acquiring an additional 42,862 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Lument Finance Trust by 65.1% in the third quarter. JPMorgan Chase & Co. now owns 61,457 shares of the technology company’s stock valued at $124,000 after acquiring an additional 24,226 shares in the last quarter. Finally, New York State Common Retirement Fund bought a new position in shares of Lument Finance Trust in the second quarter worth about $98,000. 19.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Lument Finance Trust Company Profile

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.