Lument Finance Trust (NYSE:LFT) Announces Earnings Results

Lument Finance Trust (NYSE:LFT) issued its quarterly earnings data on Tuesday. The technology company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01, Zacks reports. Lument Finance Trust had a net margin of 18.19% and a return on equity of 14.41%. The company had revenue of $28.93 million during the quarter, compared to the consensus estimate of $9.06 million. During the same quarter last year, the company earned $0.11 earnings per share.

Lument Finance Trust Stock Performance

Shares of NYSE LFT traded up $0.05 during midday trading on Friday, hitting $2.51. 43,380 shares of the company’s stock were exchanged, compared to its average volume of 90,879. Lument Finance Trust has a twelve month low of $2.00 and a twelve month high of $2.75. The firm has a market cap of $131.25 million, a P/E ratio of 7.03 and a beta of 1.07. The stock’s 50 day moving average price is $2.51 and its 200-day moving average price is $2.49. The company has a debt-to-equity ratio of 5.39, a current ratio of 6.29 and a quick ratio of 5.78.

Lument Finance Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 12.75%. The ex-dividend date of this dividend was Monday, September 30th. Lument Finance Trust’s dividend payout ratio (DPR) is 88.89%.

Analysts Set New Price Targets

Separately, Raymond James cut Lument Finance Trust from an “outperform” rating to a “market perform” rating in a research note on Thursday, September 19th.

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 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.