Lument Finance Trust, Inc. (NYSE:LFT – Get Rating) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $0.00 and traded as high as $2.68. Lument Finance Trust shares last traded at $2.64, with a volume of 95,437 shares changing hands.
LFT has been the topic of a number of analyst reports. LADENBURG THALM/SH SH lowered Lument Finance Trust from a “buy” rating to a “neutral” rating in a research note on Thursday, March 17th. Raymond James decreased their price objective on Lument Finance Trust from $4.50 to $3.75 and set an “outperform” rating on the stock in a research note on Thursday, March 17th. Finally, Zacks Investment Research raised Lument Finance Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, April 12th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Lument Finance Trust currently has an average rating of “Buy” and a consensus price target of $4.35.
The company has a 50-day moving average of $2.88 and a two-hundred day moving average of $3.40. The stock has a market capitalization of $139.96 million, a PE ratio of 8.93 and a beta of 1.25. The company has a debt-to-equity ratio of 7.79, a current ratio of 3.09 and a quick ratio of 3.09.
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 15th. Stockholders of record on Thursday, March 31st were issued a $0.06 dividend. The ex-dividend date of this dividend was Wednesday, March 30th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 8.96%. Lument Finance Trust’s dividend payout ratio (DPR) is 80.00%.
In related news, Director James Christopher Hunt bought 15,000 shares of the stock in a transaction dated Monday, March 21st. The stock was acquired at an average price of $2.79 per share, for a total transaction of $41,850.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO James Peter Flynn bought 13,500 shares of the stock in a transaction dated Monday, March 21st. The stock was bought at an average price of $2.82 per share, with a total value of $38,070.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 35,500 shares of company stock worth $99,690. Company insiders own 2.00% of the company’s stock.
A number of hedge funds have recently bought and sold shares of LFT. Advisor Group Holdings Inc. boosted its stake in Lument Finance Trust by 57.9% during the 3rd quarter. Advisor Group Holdings Inc. now owns 112,535 shares of the technology company’s stock valued at $446,000 after acquiring an additional 41,243 shares during the last quarter. BlackRock Inc. boosted its stake in Lument Finance Trust by 34.3% during the 3rd quarter. BlackRock Inc. now owns 167,616 shares of the technology company’s stock valued at $664,000 after acquiring an additional 42,811 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its stake in Lument Finance Trust by 42.1% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 106,192 shares of the technology company’s stock valued at $421,000 after acquiring an additional 31,438 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Lument Finance Trust by 7.0% during the third quarter. Geode Capital Management LLC now owns 123,847 shares of the technology company’s stock worth $490,000 after purchasing an additional 8,101 shares during the period. Finally, Morling Financial Advisors LLC acquired a new stake in shares of Lument Finance Trust during the fourth quarter worth $98,000. Institutional investors own 30.16% of the company’s stock.
Lument Finance Trust Company Profile (NYSE:LFT)
Lument Finance Trust, Inc, a real estate investment trust, focuses on investing in, financing, and managing a portfolio of commercial real estate (CRE) debt investments in the United States. The company primarily invests in transitional floating rate commercial mortgage loans on middle market multi-family assets; and other CRE -related investments, including mezzanine loans, preferred equity, commercial mortgage-backed securities, fixed rate loans, construction loans, and other CRE debt instruments.
- Get a free copy of the StockNews.com research report on Lument Finance Trust (LFT)
- There’s An Institutional Floor In Keurig Dr. Pepper
- Ford Falls Despite Optimistic Outlook
- Harley-Davidson Skids Into A Buying Opportunity
- Facebook (NASDAQ: FB) Soars And Wall Street Delights
- Automatic Data Processing Is Ready To Scale New Heights
Receive News & Ratings for Lument Finance Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lument Finance Trust and related companies with MarketBeat.com's FREE daily email newsletter.