Wall Street Zen Downgrades Lument Finance Trust (NYSE:LFT) to Sell

Lument Finance Trust (NYSE:LFT) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Lument Finance Trust in a research note on Monday, December 29th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.

Lument Finance Trust Price Performance

Shares of Lument Finance Trust stock opened at $1.29 on Friday. The company has a debt-to-equity ratio of 4.15, a quick ratio of 6.92 and a current ratio of 6.92. Lument Finance Trust has a 52-week low of $1.22 and a 52-week high of $2.84. The company has a fifty day moving average of $1.37 and a 200-day moving average of $1.59. The stock has a market capitalization of $67.56 million, a price-to-earnings ratio of 12.90 and a beta of 0.69.

Insider Buying and Selling at Lument Finance Trust

In other news, Director Walter C. Keenan bought 25,000 shares of the business’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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 2.80% of the company’s stock.

Institutional Investors Weigh In On Lument Finance Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Lument Finance Trust by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 1,907,084 shares of the technology company’s stock valued at $3,852,000 after buying an additional 12,624 shares during the period. Geode Capital Management LLC increased its position in shares of Lument Finance Trust by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 1,099,134 shares of the technology company’s stock valued at $1,550,000 after acquiring an additional 30,855 shares during the period. Melia Wealth LLC raised its stake in shares of Lument Finance Trust by 4.4% during the fourth quarter. Melia Wealth LLC now owns 988,137 shares of the technology company’s stock valued at $1,393,000 after acquiring an additional 41,731 shares during the last quarter. State Street Corp raised its stake in shares of Lument Finance Trust by 4.2% during the fourth quarter. State Street Corp now owns 454,684 shares of the technology company’s stock valued at $659,000 after acquiring an additional 18,122 shares during the last quarter. Finally, Jane Street Group LLC boosted its holdings in shares of Lument Finance Trust by 117.0% during the first quarter. Jane Street Group LLC now owns 124,754 shares of the technology company’s stock worth $326,000 after purchasing an additional 67,254 shares during the period. 19.45% of the stock is currently owned by institutional investors.

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.