Lument Finance Trust (NYSE:LFT) Stock Crosses Above 200-Day Moving Average – Here’s Why

Lument Finance Trust, Inc. (NYSE:LFT)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.54 and traded as high as $2.75. Lument Finance Trust shares last traded at $2.73, with a volume of 213,662 shares traded.

Analyst Upgrades and Downgrades

Separately, Raymond James downgraded Lument Finance Trust from an “outperform” rating to a “market perform” rating in a research report on Thursday, September 19th.

Lument Finance Trust Price Performance

The firm has a market capitalization of $142.76 million, a PE ratio of 7.58 and a beta of 1.08. The company has a debt-to-equity ratio of 5.39, a current ratio of 6.29 and a quick ratio of 6.29. The business’s 50 day moving average is $2.58 and its two-hundred day moving average is $2.54.

Lument Finance Trust (NYSE:LFT) last posted its quarterly earnings data on Tuesday, November 12th. The technology company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. Lument Finance Trust had a net margin of 18.19% and a return on equity of 14.41%. The company had revenue of $28.93 million during the quarter, compared to the consensus estimate of $9.06 million. During the same period in the previous year, the firm posted $0.11 EPS. As a group, research analysts anticipate that Lument Finance Trust, Inc. will post 0.42 EPS for the current year.

Lument Finance Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.09 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.36 dividend on an annualized basis and a dividend yield of 13.19%. Lument Finance Trust’s dividend payout ratio (DPR) is currently 88.89%.

Institutional Investors Weigh In On Lument Finance Trust

Several institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC lifted its position in Lument Finance Trust by 2.7% in the third quarter. Geode Capital Management LLC now owns 438,953 shares of the technology company’s stock valued at $1,111,000 after purchasing an additional 11,718 shares during the last quarter. Barclays PLC purchased a new position in shares of Lument Finance Trust in the third quarter valued at about $120,000. Glenmede Trust Co. NA bought a new position in shares of Lument Finance Trust during the third quarter valued at about $85,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Lument Finance Trust by 72.4% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 26,198 shares of the technology company’s stock worth $66,000 after purchasing an additional 11,001 shares during the period. Finally, Acadian Asset Management LLC bought a new position in Lument Finance Trust during the 2nd quarter valued at approximately $55,000. 19.45% of the stock is currently owned by hedge funds and other institutional investors.

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.