Key Points
- Director Walter Keenan bought 9,205 shares at an average price of $1.49 (totaling $13,715.45), increasing his stake to 172,116 shares — a 5.65% bump in his position.
- Lument declared a quarterly dividend of $0.04 (ex-dividend date Dec 31, pay Jan 15), which annualizes to $0.16 and a 10.9% yield, though the dividend payout ratio is a high 160%.
- The company recently missed earnings and revenue estimates (EPS $0.02 vs $0.08 expected; revenue $4.89M vs $8.32M) and carries a consensus analyst rating of "Reduce" with a Weiss Ratings "sell (d+)" review.
Lument Finance Trust, Inc. (NYSE:LFT - Get Free Report) Director Walter Keenan bought 9,205 shares of the company's stock in a transaction dated Friday, December 19th. The stock was purchased at an average price of $1.49 per share, for a total transaction of $13,715.45. Following the purchase, the director owned 172,116 shares of the company's stock, valued at approximately $256,452.84. This represents a 5.65% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Lument Finance Trust Price Performance
Shares of LFT opened at $1.47 on Tuesday. Lument Finance Trust, Inc. has a twelve month low of $1.41 and a twelve month high of $2.84. The company has a market capitalization of $76.72 million, a P/E ratio of 14.65 and a beta of 0.72. The firm has a 50 day moving average of $1.57 and a 200 day moving average of $1.98. The company has a quick ratio of 6.92, a current ratio of 6.92 and a debt-to-equity ratio of 4.15.
Lument Finance Trust (NYSE:LFT - Get Free Report) last released its quarterly earnings data on Wednesday, November 12th. The technology company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.06). The business had revenue of $4.89 million during the quarter, compared to the consensus estimate of $8.32 million. Lument Finance Trust had a net margin of 11.19% and a return on equity of 10.20%. As a group, equities research analysts anticipate that Lument Finance Trust, Inc. will post 0.42 earnings per share for the current fiscal year.
Lument Finance Trust Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $0.16 annualized dividend and a dividend yield of 10.9%. Lument Finance Trust's dividend payout ratio (DPR) is 160.00%.
Analysts Set New Price Targets
Separately, Weiss Ratings restated a "sell (d+)" rating on shares of Lument Finance Trust in a research note on Monday, December 15th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Reduce".
Read Our Latest Analysis on LFT
Institutional Trading of Lument Finance Trust
Large investors have recently modified their holdings of the company. Bank of America Corp DE lifted its holdings in Lument Finance Trust by 3,989.4% in the second quarter. Bank of America Corp DE now owns 14,640 shares of the technology company's stock valued at $32,000 after acquiring an additional 14,282 shares during the period. James Investment Research Inc. grew its stake in shares of Lument Finance Trust by 80.0% during the 3rd quarter. James Investment Research Inc. now owns 18,000 shares of the technology company's stock valued at $36,000 after purchasing an additional 8,000 shares during the period. BNP Paribas Financial Markets increased its position in shares of Lument Finance Trust by 102.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 19,556 shares of the technology company's stock valued at $40,000 after purchasing an additional 9,882 shares during the last quarter. OMERS ADMINISTRATION Corp bought a new position in shares of Lument Finance Trust in the 1st quarter worth approximately $55,000. Finally, Intech Investment Management LLC bought a new position in shares of Lument Finance Trust in the 2nd quarter worth approximately $52,000. Institutional investors own 19.45% of the company's stock.
Lument Finance Trust Company Profile
(
Get Free Report)
Lument Finance Trust is a real estate investment trust that focuses on originating and acquiring senior secured loans backed by commercial real estate properties. Listed on the New York Stock Exchange under the ticker LFT, the company seeks to generate attractive risk‐adjusted returns by targeting floating‐rate, first‐mortgage loans across a broad range of property types, including multifamily, office, retail, industrial and hospitality.
The firm's core business activity centers on deploying capital into short‐ and medium‐term financing solutions for institutional real estate owners and developers.
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