Lument Finance Trust (NYSE:LFT) Stock Rating Lowered by Raymond James

Lument Finance Trust (NYSE:LFT) was downgraded by equities research analysts at Raymond James from an “outperform” rating to a “market perform” rating in a research note issued to investors on Thursday, Marketbeat reports.

Lument Finance Trust Trading Down 0.8 %

Lument Finance Trust stock opened at $2.55 on Thursday. Lument Finance Trust has a 12 month low of $1.91 and a 12 month high of $2.75. The company has a quick ratio of 5.78, a current ratio of 5.78 and a debt-to-equity ratio of 5.64. The stock has a market cap of $133.26 million, a P/E ratio of 7.97 and a beta of 1.06. The company’s fifty day simple moving average is $2.52 and its 200-day simple moving average is $2.45.

Lument Finance Trust (NYSE:LFT) last released its quarterly earnings data on Monday, August 12th. The technology company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). Lument Finance Trust had a net margin of 16.91% and a return on equity of 14.10%. The firm had revenue of $30.64 million for the quarter, compared to analyst estimates of $9.82 million. During the same period in the previous year, the business posted $0.04 EPS. As a group, sell-side analysts forecast that Lument Finance Trust will post 0.42 EPS for the current fiscal year.

Institutional Trading of Lument Finance Trust

A number of institutional investors have recently added to or reduced their stakes in the business. Hillsdale Investment Management Inc. acquired a new position in shares of Lument Finance Trust during the 4th quarter worth $83,000. Melia Wealth LLC bought a new stake in Lument Finance Trust in the first quarter worth $489,000. LSV Asset Management bought a new stake in Lument Finance Trust in the first quarter worth $41,000. Vanguard Group Inc. increased its position in Lument Finance Trust by 8.9% during the first quarter. Vanguard Group Inc. now owns 1,557,677 shares of the technology company’s stock worth $3,879,000 after buying an additional 127,887 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new position in Lument Finance Trust during the second quarter valued at about $55,000. 19.45% of the stock is currently owned by institutional investors and hedge funds.

About Lument Finance Trust

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.