Lument Finance Trust (NYSE:LFT) Stock Price Passes Above 200-Day Moving Average – What’s Next?

Lument Finance Trust, Inc. (NYSE:LFT)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.56 and traded as high as $2.75. Lument Finance Trust shares last traded at $2.74, with a volume of 63,425 shares.

Lument Finance Trust Stock Up 0.4 %

The company’s 50 day moving average price is $2.64 and its two-hundred day moving average price is $2.56. The company has a current ratio of 6.29, a quick ratio of 6.29 and a debt-to-equity ratio of 5.39. The stock has a market cap of $143.27 million, a P/E ratio of 7.61 and a beta of 1.07.

Lument Finance Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.09 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.36 annualized dividend and a yield of 13.14%. Lument Finance Trust’s payout ratio is presently 88.89%.

Institutional Investors Weigh In On Lument Finance Trust

A number of hedge funds have recently modified their holdings of LFT. Millennium Management LLC purchased a new position in Lument Finance Trust during the fourth quarter valued at $160,000. Jane Street Group LLC bought a new position in shares of Lument Finance Trust in the fourth quarter worth about $148,000. Barclays PLC purchased a new position in shares of Lument Finance Trust during the 3rd quarter valued at about $120,000. Glenmede Trust Co. NA bought a new position in shares of Lument Finance Trust during the 3rd quarter valued at approximately $85,000. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in Lument Finance Trust in the 4th quarter worth approximately $87,000. Institutional investors own 19.45% of the company’s stock.

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.