Lument Finance Trust (NYSE:LFT) Releases Earnings Results, Misses Expectations By $0.30 EPS

Lument Finance Trust (NYSE:LFT) posted its quarterly earnings data on Monday. The technology company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.30), reports. Lument Finance Trust had a negative net margin of 3.47% and a positive return on equity of 7.09%. The firm had revenue of ($3.92) million during the quarter, compared to the consensus estimate of $7.78 million.

Lument Finance Trust Stock Down 0.4%

NYSE LFT traded down $0.01 on Wednesday, hitting $1.23. 27,235 shares of the company were exchanged, compared to its average volume of 200,000. The company has a current ratio of 6.92, a quick ratio of 6.92 and a debt-to-equity ratio of 4.15. The company has a market cap of $64.15 million, a PE ratio of -8.75 and a beta of 0.69. The stock has a fifty day moving average of $1.36 and a 200-day moving average of $1.57. Lument Finance Trust has a 12 month low of $1.18 and a 12 month high of $2.82.

Lument Finance Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $0.16 annualized dividend and a yield of 13.1%. Lument Finance Trust’s dividend payout ratio is currently -114.29%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Wall Street Zen lowered shares of Lument Finance Trust from a “hold” rating to a “sell” rating in a report on Saturday. Weiss Ratings reiterated a “sell (d+)” rating on shares of Lument Finance Trust in a report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce”.

Insiders Place Their Bets

In related news, Director Walter C. Keenan acquired 25,000 shares of the company’s stock in a transaction dated Tuesday, December 30th. The shares were purchased at an average price of $1.46 per share, for a total transaction of $36,500.00. Following the completion of the acquisition, the director owned 197,116 shares of the company’s stock, valued at approximately $287,789.36. This trade 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 can be accessed through the SEC website. Company insiders own 2.80% of the company’s stock.

Institutional Trading of Lument Finance Trust

Several large investors have recently made changes to their positions in the company. Jane Street Group LLC acquired a new position in Lument Finance Trust during the 4th quarter worth approximately $139,000. Goldman Sachs Group Inc. grew its stake in Lument Finance Trust by 71.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 112,804 shares of the technology company’s stock valued at $159,000 after acquiring an additional 46,936 shares during the period. Citadel Advisors LLC increased its holdings in shares of Lument Finance Trust by 125.6% during the third quarter. Citadel Advisors LLC now owns 76,989 shares of the technology company’s stock valued at $156,000 after acquiring an additional 42,862 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Lument Finance Trust by 65.1% during the third quarter. JPMorgan Chase & Co. now owns 61,457 shares of the technology company’s stock worth $124,000 after purchasing an additional 24,226 shares during the period. Finally, New York State Common Retirement Fund bought a new position in shares of Lument Finance Trust in the 2nd quarter worth $98,000. 19.45% of the stock is currently owned by institutional investors and hedge funds.

About Lument Finance Trust

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.