Lument Finance Trust (LFT) Set to Announce Earnings on Monday

Lument Finance Trust (NYSE:LFT) is scheduled to be announcing its earnings results after the market closes on Monday, August 12th. Analysts expect the company to announce earnings of $0.11 per share for the quarter.

Lument Finance Trust (NYSE:LFT) last announced its earnings results on Thursday, May 9th. The technology company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. Lument Finance Trust had a return on equity of 12.59% and a net margin of 16.43%. The company had revenue of $33.71 million during the quarter, compared to the consensus estimate of $10.56 million. On average, analysts expect Lument Finance Trust to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Lument Finance Trust Stock Up 4.7 %

Shares of NYSE LFT opened at $2.59 on Wednesday. The firm has a fifty day simple moving average of $2.52 and a two-hundred day simple moving average of $2.42. The firm has a market capitalization of $135.08 million, a PE ratio of 8.08 and a beta of 1.07. The company has a current ratio of 5.35, a quick ratio of 5.35 and a debt-to-equity ratio of 6.05. Lument Finance Trust has a 12 month low of $1.91 and a 12 month high of $2.75.

Lument Finance Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were issued a dividend of $0.08 per share. This is an increase from Lument Finance Trust’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 12.38%. Lument Finance Trust’s dividend payout ratio is 100.00%.

Wall Street Analyst Weigh In

Separately, Jonestrading restated a “buy” rating and set a $2.50 price target on shares of Lument Finance Trust in a research report on Monday, May 13th.

About Lument Finance Trust

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 CRE 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.