Lument Finance Trust (NYSE:LFT) Announces Earnings Results

Lument Finance Trust (NYSE:LFT) issued its quarterly earnings data on Wednesday. The technology company reported $0.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.10, Zacks reports. Lument Finance Trust had a net margin of 18.19% and a return on equity of 14.41%. The firm had revenue of $9.55 million during the quarter, compared to the consensus estimate of $8.89 million.

Lument Finance Trust Trading Up 0.7 %

LFT opened at $2.77 on Thursday. The company has a market cap of $144.85 million, a P/E ratio of 7.69 and a beta of 1.05. Lument Finance Trust has a 1-year low of $2.22 and a 1-year high of $2.83. The company has a fifty day moving average price of $2.66 and a two-hundred day moving average price of $2.59. The company has a current ratio of 6.29, a quick ratio of 6.29 and a debt-to-equity ratio of 5.39.

Lument Finance Trust Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 11.55%. Lument Finance Trust’s dividend payout ratio (DPR) is presently 88.89%.

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.