Lument Finance Trust, Inc. (LFT) To Go Ex-Dividend on October 1st

Lument Finance Trust, Inc. (NYSE:LFT) announced a quarterly dividend on Friday, September 18th. Stockholders of record on Thursday, October 1st will be paid a dividend of $0.4922 per share by the technology company on Thursday, October 15th. This represents a $1.97 dividend on an annualized basis and a dividend yield of 34.8%. The ex-dividend date is Thursday, October 1st. This is a 23.0% increase from Lument Finance Trust’s previous quarterly dividend of $0.40.

Lument Finance Trust has decreased its dividend 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 dividend payout ratio of 484.8% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Lument Finance Trust Stock Performance

Lument Finance Trust stock opened at $5.66 on Tuesday. Lument Finance Trust has a twelve month low of $5.15 and a twelve month high of $21.10. The company has a quick ratio of 5.98, a current ratio of 5.98 and a debt-to-equity ratio of 6.11. The company has a market capitalization of $29.71 million, a P/E ratio of -1.57 and a beta of 0.57. The stock’s 50 day moving average is $6.81 and its 200 day moving average is $9.77.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Lument Finance Trust in a research report on Monday, September 14th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

About Lument Finance Trust

Lument Finance Trust, Inc (NYSE:LFT) is a real estate investment trust focused primarily on commercial real estate debt investments. The company generally targets loans and other credit investments secured by income-producing properties, with an emphasis on the multifamily housing sector.

Its investment activities may include transitional multifamily mortgage loans, commercial mortgage-backed securities and other real estate-related debt instruments. Through its relationship with the Lument platform, the company seeks to identify, underwrite and manage investments in commercial properties across the United States.

Lument Finance Trust was formerly known as Hunt Companies Finance Trust, Inc and adopted its current name in 2020.