Key Points
- Director Walter Keenan purchased 25,000 shares on December 30 at an average price of $1.46 (total $36,500), increasing his direct ownership to 197,116 shares (a 14.53% rise) as disclosed in an SEC Form 4.
- The company declared a quarterly dividend of $0.04 (annualized $0.16), implying a 11.4% yield with an ex-dividend date of December 31 and payment on January 15, while the dividend payout ratio is a high 160%.
- Shares opened at $1.40 (up 7.7%), market cap about $73.3M, but recent results missed EPS and revenue estimates and analysts currently have a consensus “Reduce” rating, with Weiss reaffirming a “sell (d+)”.
Lument Finance Trust, Inc. (NYSE:LFT - Get Free Report) Director Walter Keenan acquired 25,000 shares of the company's stock in a transaction on Tuesday, December 30th. The stock was acquired at an average price of $1.46 per share, with a total value of $36,500.00. Following the purchase, the director directly owned 197,116 shares in the company, valued at approximately $287,789.36. This represents a 14.53% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Lument Finance Trust Trading Up 7.7%
Shares of NYSE:LFT opened at $1.40 on Friday. The company has a market capitalization of $73.32 million, a P/E ratio of 14.00 and a beta of 0.71. Lument Finance Trust, Inc. has a 1 year low of $1.30 and a 1 year high of $2.84. The company has a debt-to-equity ratio of 4.15, a current ratio of 6.92 and a quick ratio of 6.92. The business's 50 day simple moving average is $1.49 and its 200 day simple moving average is $1.89.
Lument Finance Trust (NYSE:LFT - Get Free Report) last posted its quarterly earnings results on Wednesday, November 12th. The technology company reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.08 by ($0.06). Lument Finance Trust had a net margin of 11.19% and a return on equity of 10.20%. The company had revenue of $4.89 million during the quarter, compared to analyst estimates of $8.32 million. On average, research analysts anticipate that Lument Finance Trust, Inc. will post 0.42 EPS for the current fiscal year.
Lument Finance Trust Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 11.4%. The ex-dividend date of this dividend is Wednesday, December 31st. Lument Finance Trust's dividend payout ratio (DPR) is currently 160.00%.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Lument Finance Trust in a research note on Monday, December 29th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Reduce".
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Institutional Investors Weigh In On Lument Finance Trust
Hedge funds have recently modified their holdings of the company. Bank of America Corp DE grew its position in Lument Finance Trust by 3,989.4% during the 2nd quarter. Bank of America Corp DE now owns 14,640 shares of the technology company's stock worth $32,000 after acquiring an additional 14,282 shares during the last quarter. James Investment Research Inc. increased its position in Lument Finance Trust by 80.0% in the 3rd quarter. James Investment Research Inc. now owns 18,000 shares of the technology company's stock valued at $36,000 after acquiring an additional 8,000 shares during the period. BNP Paribas Financial Markets raised its stake in shares of Lument Finance Trust by 102.2% during the third quarter. BNP Paribas Financial Markets now owns 19,556 shares of the technology company's stock valued at $40,000 after acquiring an additional 9,882 shares during the last quarter. Intech Investment Management LLC acquired a new position in shares of Lument Finance Trust during the second quarter worth $52,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Lument Finance Trust in the second quarter worth $55,000. Institutional investors and hedge funds own 19.45% of the company's stock.
About Lument Finance Trust
(
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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