Lument Finance Trust (NYSE:LFT) Releases Earnings Results, Misses Expectations By $0.02 EPS

Lument Finance Trust (NYSE:LFT) posted its quarterly earnings results on Monday. The technology company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.02), Zacks reports. Lument Finance Trust had a return on equity of 12.59% and a net margin of 16.43%. The company had revenue of $30.64 million during the quarter, compared to analysts’ expectations of $9.82 million. During the same period in the prior year, the firm earned $0.04 EPS.

Lument Finance Trust Stock Down 1.6 %

Shares of LFT stock traded down $0.04 during mid-day trading on Wednesday, hitting $2.40. The company’s stock had a trading volume of 11,465 shares, compared to its average volume of 92,777. The stock has a market cap of $125.42 million, a price-to-earnings ratio of 7.50 and a beta of 1.07. The company has a debt-to-equity ratio of 6.05, a quick ratio of 5.35 and a current ratio of 5.35. Lument Finance Trust has a 52-week low of $1.91 and a 52-week high of $2.75. The business has a 50-day moving average price of $2.52 and a 200 day moving average price of $2.42.

Lument Finance Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were issued a $0.08 dividend. This is a positive change from Lument Finance Trust’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 13.33%. Lument Finance Trust’s dividend payout ratio (DPR) is presently 100.00%.

Wall Street Analyst Weigh In

Separately, Jonestrading restated a “buy” rating and set a $2.50 price objective on shares of Lument Finance Trust in a research note on Monday, May 13th.

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.