Key Points
- Director William Houlihan bought 10,000 shares of Lument Finance Trust at $1.14 each, increasing his holdings to 270,732 shares. The $11,400 purchase lifted his ownership by about 3.84% and was disclosed in an SEC filing.
- LFT shares were down 1.3% and recently opened at $1.11, near the bottom of their 52-week range of $1.04 to $2.65. The company has a market cap of about $57.95 million and a high debt-to-equity ratio of 6.16.
- Recent results and outlook remain weak: Lument Finance Trust reported quarterly EPS of $0.02, missing estimates, and revenue of -$5.69 million versus expectations of $4.59 million. The stock also carries a current average analyst rating of Sell, despite its quarterly dividend yield of 14.5%.
Lument Finance Trust, Inc. (NYSE:LFT - Get Free Report) Director William Houlihan bought 10,000 shares of the stock in a transaction on Wednesday, May 20th. The shares were acquired at an average cost of $1.14 per share, for a total transaction of $11,400.00. Following the completion of the transaction, the director directly owned 270,732 shares of the company's stock, valued at approximately $308,634.48. The trade was a 3.84% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Lument Finance Trust Trading Down 1.3%
Lument Finance Trust stock opened at $1.11 on Friday. The company has a debt-to-equity ratio of 6.16, a current ratio of 3.03 and a quick ratio of 3.03. The company has a market capitalization of $57.95 million, a price-to-earnings ratio of -8.50 and a beta of 0.57. Lument Finance Trust, Inc. has a one year low of $1.04 and a one year high of $2.65. The company's fifty day moving average price is $1.24 and its two-hundred day moving average price is $1.36.
Lument Finance Trust (NYSE:LFT - Get Free Report) last posted its earnings results on Friday, May 15th. The technology company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.04). The business had revenue of ($5.69) million for the quarter, compared to analyst estimates of $4.59 million. Lument Finance Trust had a positive return on equity of 5.65% and a negative net margin of 2.59%.
Lument Finance Trust Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 14.5%. The ex-dividend date of this dividend was Tuesday, March 31st. Lument Finance Trust's dividend payout ratio is presently -123.08%.
Wall Street Analyst Weigh In
Separately, Wall Street Zen raised Lument Finance Trust from a "sell" rating to a "hold" rating in a research report on Sunday, March 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Lument Finance Trust currently has an average rating of "Sell".
View Our Latest Research Report on LFT
Institutional Investors Weigh In On Lument Finance Trust
Hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. grew its position in shares of Lument Finance Trust by 65.1% in the third quarter. JPMorgan Chase & Co. now owns 61,457 shares of the technology company's stock valued at $124,000 after purchasing an additional 24,226 shares during the last quarter. New York State Common Retirement Fund acquired a new stake in shares of Lument Finance Trust in the second quarter valued at about $98,000. Goldman Sachs Group Inc. acquired a new stake in shares of Lument Finance Trust in the first quarter valued at about $66,000. Invesco Ltd. acquired a new stake in shares of Lument Finance Trust in the second quarter valued at about $63,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Lument Finance Trust in the second quarter valued at about $55,000. 19.45% of the stock is owned by institutional investors and hedge funds.
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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