Lument Finance Trust (LFT) Set to Announce Earnings on Tuesday

Lument Finance Trust (NYSE:LFT) is scheduled to be releasing its earnings data after the market closes on Tuesday, November 12th. Analysts expect Lument Finance Trust to post earnings of $0.09 per share for the quarter.

Lument Finance Trust (NYSE:LFT) last released its quarterly earnings results on Monday, August 12th. The technology company reported $0.09 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 during the quarter, compared to the consensus estimate of $9.82 million. During the same period in the prior year, the business earned $0.04 EPS. On average, analysts expect Lument Finance Trust to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Lument Finance Trust Stock Performance

NYSE:LFT opened at $2.52 on Wednesday. The firm has a market capitalization of $131.75 million, a PE ratio of 7.00 and a beta of 1.07. The firm’s fifty day simple moving average is $2.51 and its 200 day simple moving average is $2.49. The company has a current ratio of 5.78, a quick ratio of 5.78 and a debt-to-equity ratio of 5.64. Lument Finance Trust has a 1 year low of $1.93 and a 1 year high of $2.75.

Lument Finance Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $0.08 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.32 annualized dividend and a yield of 12.70%. Lument Finance Trust’s dividend payout ratio is 88.89%.

Analyst Ratings Changes

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

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.