Lument Finance Trust, Inc. (NYSE:LFT) Short Interest Update

Lument Finance Trust, Inc. (NYSE:LFT) was the target of a large growth in short interest in October. As of October 15th, there was short interest totalling 132,800 shares, a growth of 54.4% from the September 30th total of 86,000 shares. Based on an average daily volume of 90,200 shares, the days-to-cover ratio is presently 1.5 days.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LFT. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Lument Finance Trust during the 2nd quarter valued at about $27,000. LSV Asset Management acquired a new stake in Lument Finance Trust in the first quarter valued at approximately $41,000. Sei Investments Co. purchased a new stake in shares of Lument Finance Trust in the second quarter valued at approximately $54,000. Acadian Asset Management LLC acquired a new position in shares of Lument Finance Trust during the 2nd quarter worth approximately $55,000. Finally, Hillsdale Investment Management Inc. lifted its position in shares of Lument Finance Trust by 110.7% during the 1st quarter. Hillsdale Investment Management Inc. now owns 75,000 shares of the technology company’s stock valued at $187,000 after buying an additional 39,396 shares in the last quarter. Hedge funds and other institutional investors own 19.45% of the company’s stock.

Lument Finance Trust Trading Down 1.0 %

Lument Finance Trust stock opened at $2.54 on Tuesday. Lument Finance Trust has a 52 week low of $1.91 and a 52 week high of $2.75. The stock has a 50-day moving average price of $2.51 and a 200 day moving average price of $2.48. 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 company has a market capitalization of $132.53 million, a price-to-earnings ratio of 7.04 and a beta of 1.06.

Lument Finance Trust (NYSE:LFT) last announced its quarterly earnings results 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). The company had revenue of $30.64 million during the quarter, compared to analyst estimates of $9.82 million. Lument Finance Trust had a net margin of 16.91% and a return on equity of 14.10%. During the same period in the previous year, the firm posted $0.04 earnings per share. Sell-side analysts anticipate that Lument Finance Trust will post 0.42 EPS for the current year.

Lument Finance Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.08 per share. The ex-dividend date was Monday, September 30th. This represents a $0.32 annualized dividend and a yield of 12.62%. Lument Finance Trust’s dividend payout ratio is presently 88.89%.

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.