Lument Finance Trust (NYSE:LFT) Issues Earnings Results, Misses Estimates By $0.16 EPS

Lument Finance Trust (NYSE:LFT) posted its earnings results on Thursday. The technology company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.16), FiscalAI reports. Lument Finance Trust had a negative net margin of 2.59% and a positive return on equity of 5.65%. The business had revenue of ($13.37) million for the quarter, compared to analyst estimates of $4.59 million.

Lument Finance Trust Price Performance

NYSE:LFT opened at $0.69 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 50 day moving average price of $0.90 and a 200-day moving average price of $1.13. Lument Finance Trust has a 1-year low of $0.64 and a 1-year high of $2.37. The firm has a market cap of $36.34 million, a price-to-earnings ratio of -5.33 and a beta of 0.56.

Lument Finance Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 23.1%. The ex-dividend date of this dividend was Tuesday, June 30th. Lument Finance Trust’s payout ratio is -123.08%.

Institutional Trading of Lument Finance Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. increased its holdings in Lument Finance Trust by 302.0% in the fourth quarter. Russell Investments Group Ltd. now owns 32,987 shares of the technology company’s stock valued at $47,000 after buying an additional 24,782 shares in the last quarter. State Street Corp boosted its stake in shares of Lument Finance Trust by 4.2% during the 4th quarter. State Street Corp now owns 454,684 shares of the technology company’s stock worth $659,000 after acquiring an additional 18,122 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Lument Finance Trust by 46.2% during the 4th quarter. Wells Fargo & Company MN now owns 51,170 shares of the technology company’s stock worth $72,000 after acquiring an additional 16,179 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Lument Finance Trust during the 4th quarter valued at about $139,000. Finally, Goldman Sachs Group Inc. grew its position in shares of Lument Finance Trust by 71.3% during the 4th 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. Institutional investors and hedge funds own 19.45% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Lument Finance Trust in a research note on Thursday, June 18th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Lument Finance Trust Company Profile

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.