Walter Keenan Purchases 25,000 Shares of Lument Finance Trust (NYSE:LFT) Stock

Lument Finance Trust, Inc. (NYSE:LFT) Director Walter Keenan purchased 25,000 shares of Lument Finance Trust stock in a transaction dated Tuesday, December 30th. The stock was bought at an average price of $1.46 per share, with a total value of $36,500.00. Following the completion of the transaction, the director owned 197,116 shares of the company’s stock, valued at $287,789.36. This represents a 14.53% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Lument Finance Trust Stock Down 0.7%

Shares of NYSE LFT opened at $1.33 on Thursday. The company has a quick ratio of 6.92, a current ratio of 6.92 and a debt-to-equity ratio of 4.15. The company has a market cap of $69.70 million, a P/E ratio of 13.31 and a beta of 0.71. Lument Finance Trust, Inc. has a 52 week low of $1.30 and a 52 week high of $2.84. The business has a 50-day simple moving average of $1.49 and a two-hundred day simple moving average of $1.89.

Lument Finance Trust (NYSE:LFT) last issued its quarterly earnings data on Wednesday, November 12th. The technology company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.06). Lument Finance Trust had a net margin of 11.19% and a return on equity of 10.20%. The firm had revenue of $4.89 million for the quarter, compared to analysts’ expectations of $8.32 million. Research analysts anticipate that Lument Finance Trust, Inc. will post 0.42 earnings per share for the current fiscal year.

Lument Finance Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 12.0%. The ex-dividend date is Wednesday, December 31st. Lument Finance Trust’s payout ratio is presently 160.00%.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Lument Finance Trust in a report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Lument Finance Trust has an average rating of “Reduce”.

Institutional Trading of Lument Finance Trust

Several hedge funds have recently added to or reduced their stakes in LFT. JPMorgan Chase & Co. boosted its position in Lument Finance Trust by 65.1% during the third quarter. JPMorgan Chase & Co. now owns 61,457 shares of the technology company’s stock worth $124,000 after purchasing an additional 24,226 shares during the period. Citadel Advisors LLC increased its position in shares of Lument Finance Trust by 125.6% during the third quarter. Citadel Advisors LLC now owns 76,989 shares of the technology company’s stock valued at $156,000 after buying an additional 42,862 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of Lument Finance Trust by 102.2% in the third quarter. BNP Paribas Financial Markets now owns 19,556 shares of the technology company’s stock worth $40,000 after buying an additional 9,882 shares in the last quarter. Melia Wealth LLC boosted its position in shares of Lument Finance Trust by 20.6% in the third quarter. Melia Wealth LLC now owns 946,406 shares of the technology company’s stock valued at $1,912,000 after acquiring an additional 161,767 shares during the period. Finally, Vanguard Group Inc. grew its stake in Lument Finance Trust by 0.7% during the third quarter. Vanguard Group Inc. now owns 1,907,084 shares of the technology company’s stock valued at $3,852,000 after acquiring an additional 12,624 shares in the last quarter. Institutional investors own 19.45% of the company’s stock.

Lument Finance Trust Company Profile

Lument Finance Trust is a real estate investment trust that focuses on originating and acquiring senior secured loans backed by commercial real estate properties. Listed on the New York Stock Exchange under the ticker LFT, the company seeks to generate attractive risk‐adjusted returns by targeting floating‐rate, first‐mortgage loans across a broad range of property types, including multifamily, office, retail, industrial and hospitality.

The firm’s core business activity centers on deploying capital into short‐ and medium‐term financing solutions for institutional real estate owners and developers.