Lument Finance Trust, Inc. (NYSE:LFT) Plans Quarterly Dividend of $0.06

Lument Finance Trust, Inc. (NYSE:LFT – Get Rating) declared a quarterly dividend on Thursday, March 16th, Zacks reports. Shareholders of record on Friday, March 31st will be paid a dividend of 0.06 per share by the technology company on Monday, April 17th. This represents a $0.24 annualized dividend and a dividend yield of 12.37%. The ex-dividend date of this dividend is Thursday, March 30th.

Lument Finance Trust Stock Performance

Shares of LFT stock opened at $1.94 on Friday. The company has a market cap of $101.33 million, a price-to-earnings ratio of 9.70 and a beta of 1.17. Lument Finance Trust has a 12-month low of $1.84 and a 12-month high of $3.05. The stock has a 50 day simple moving average of $2.10 and a 200-day simple moving average of $2.12. The company has a current ratio of 9.81, a quick ratio of 9.81 and a debt-to-equity ratio of 4.66.

Institutional Trading of Lument Finance Trust

Hedge funds and other institutional investors have recently made changes to their positions in the stock. SVB Wealth LLC bought a new stake in shares of Lument Finance Trust in the second quarter worth $54,000. Charles Schwab Investment Management Inc. bought a new stake in Lument Finance Trust during the first quarter valued at $66,000. Northern Trust Corp increased its stake in Lument Finance Trust by 115.2% during the first quarter. Northern Trust Corp now owns 68,495 shares of the technology company’s stock valued at $188,000 after purchasing an additional 36,668 shares during the last quarter. State Street Corp increased its stake in Lument Finance Trust by 89.5% during the second quarter. State Street Corp now owns 82,360 shares of the technology company’s stock valued at $201,000 after purchasing an additional 38,898 shares during the last quarter. Finally, Citigroup Inc. bought a new stake in Lument Finance Trust during the first quarter valued at $331,000. Institutional investors own 20.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on LFT. Jonestrading reduced their target price on Lument Finance Trust from $3.50 to $3.00 in a research report on Monday, December 19th. Piper Sandler lowered their price objective on shares of Lument Finance Trust from $2.25 to $2.00 in a research report on Friday, December 16th.

Lument Finance Trust Company Profile

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Lument Finance Trust, Inc operates as a real estate investment finance company, which engages in investing, financing, and managing a portfolio of commercial real estate (CRE) debt investments. It primarily invests in transitional floating rate commercial mortgage and other CRE-related investments such as preferred equity, commercial mortgage-backed securities, mezzanine, fixed rate, and construction loans and, other CRE debt instruments.