Lument Finance Trust, Inc. (NYSE:LFT) to Issue Quarterly Dividend of $0.07

Lument Finance Trust, Inc. (NYSE:LFT) announced a quarterly dividend on Friday, March 15th, Zacks reports. Stockholders of record on Thursday, March 28th will be paid a dividend of 0.07 per share by the technology company on Monday, April 15th. This represents a $0.28 annualized dividend and a dividend yield of 10.98%. The ex-dividend date is Wednesday, March 27th.

Lument Finance Trust has a dividend payout ratio of 58.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Lument Finance Trust to earn $0.40 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 70.0%.

Lument Finance Trust Stock Performance

Shares of Lument Finance Trust stock traded up $0.02 during midday trading on Tuesday, hitting $2.55. The company had a trading volume of 15,426 shares, compared to its average volume of 70,494. Lument Finance Trust has a 12-month low of $1.53 and a 12-month high of $2.56. The company has a fifty day simple moving average of $2.33 and a 200 day simple moving average of $2.21. The company has a quick ratio of 4.05, a current ratio of 4.05 and a debt-to-equity ratio of 6.50. The stock has a market cap of $133.24 million, a price-to-earnings ratio of 8.43 and a beta of 1.06.

Wall Street Analyst Weigh In

Separately, TheStreet raised Lument Finance Trust from a “d+” rating to a “c-” rating in a research report on Thursday, December 14th.

Institutional Trading of Lument Finance Trust

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Citigroup Inc. acquired a new position in shares of Lument Finance Trust in the 1st quarter valued at $331,000. Charles Schwab Investment Management Inc. purchased a new position in Lument Finance Trust in the first quarter valued at $66,000. Northern Trust Corp raised its position in shares of Lument Finance Trust by 115.2% in the first quarter. Northern Trust Corp now owns 68,495 shares of the technology company’s stock worth $188,000 after acquiring an additional 36,668 shares during the period. State Street Corp boosted its stake in shares of Lument Finance Trust by 89.5% during the 2nd quarter. State Street Corp now owns 82,360 shares of the technology company’s stock worth $201,000 after acquiring an additional 38,898 shares in the last quarter. Finally, SVB Wealth LLC acquired a new stake in shares of Lument Finance Trust during the 2nd quarter valued at about $54,000. 19.45% of the stock is owned by institutional investors and hedge funds.

Lument Finance Trust Company Profile

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.