Lument Finance Trust (NYSE:LFT) Announces Earnings Results

Lument Finance Trust (NYSE:LFT) released its quarterly earnings data on Thursday. The technology company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.53), Zacks reports. Lument Finance Trust had a positive return on equity of 0.86% and a negative net margin of 18.00%.

Lument Finance Trust Price Performance

Shares of NYSE:LFT traded up $0.13 during trading on Thursday, reaching $4.46. The stock had a trading volume of 18,378 shares, compared to its average volume of 15,241. Lument Finance Trust has a 52 week low of $3.85 and a 52 week high of $16.45. The business’s 50-day moving average price is $5.15 and its 200 day moving average price is $9.49. The company has a debt-to-equity ratio of 6.11, a quick ratio of 5.98 and a current ratio of 5.98.

Lument Finance Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st were paid a $0.4922 dividend. This represents a $1.97 dividend on an annualized basis and a dividend yield of 44.1%. This is an increase from Lument Finance Trust’s previous quarterly dividend of $0.40. The ex-dividend date was Thursday, October 1st.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Lument Finance Trust in a research note on Monday, September 14th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock presently has an average rating of “Sell”.

About Lument Finance Trust

Lument Finance Trust, Inc. is a real estate investment trust that focuses primarily on financing multifamily and other commercial real estate properties. The company invests in mortgage loans and related real estate debt investments, with an emphasis on generating income from a diversified portfolio of commercial real estate credit assets. Its investments generally include floating-rate, first-mortgage loans secured by multifamily properties, as well as other commercial real estate loans and mortgage-related securities.