Lument Finance Trust, Inc. (LFT) To Go Ex-Dividend on March 31st

Lument Finance Trust, Inc. (NYSE:LFT) announced a quarterly dividend on Monday, March 16th. Shareholders of record on Tuesday, March 31st will be paid a dividend of 0.04 per share by the technology company on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a yield of 13.2%. The ex-dividend date of this dividend is Tuesday, March 31st.

Lument Finance Trust has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 2 years. Lument Finance Trust has a payout ratio of 48.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Lument Finance Trust to earn $0.40 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 40.0%.

Lument Finance Trust Price Performance

Shares of LFT opened at $1.22 on Friday. The firm has a market cap of $63.67 million, a PE ratio of -8.68 and a beta of 0.69. Lument Finance Trust has a 52-week low of $1.18 and a 52-week high of $2.77. The business’s 50 day moving average price is $1.35 and its two-hundred day moving average price is $1.55. The company has a debt-to-equity ratio of 6.11, a quick ratio of 6.92 and a current ratio of 3.03.

Lument Finance Trust (NYSE:LFT) last announced its quarterly earnings data on Monday, March 23rd. The technology company reported ($0.24) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.30). Lument Finance Trust had a positive return on equity of 7.21% and a negative net margin of 3.47%.The company had revenue of ($3.92) million for the quarter, compared to analyst estimates of $7.78 million. On average, equities analysts anticipate that Lument Finance Trust will post 0.42 EPS for the current year.

Insider Activity at Lument Finance Trust

In related news, Director Walter C. Keenan bought 25,000 shares of the company’s stock in a transaction dated Tuesday, December 30th. The shares were bought at an average price of $1.46 per share, for a total transaction of $36,500.00. Following the completion of the acquisition, the director directly owned 197,116 shares of the company’s stock, valued at $287,789.36. This trade represents a 14.53% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Lument Finance Trust

Institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. raised its position in Lument Finance Trust by 302.0% in the 4th quarter. Russell Investments Group Ltd. now owns 32,987 shares of the technology company’s stock valued at $47,000 after buying an additional 24,782 shares during the last quarter. State Street Corp boosted its holdings in Lument Finance Trust by 4.2% during the 4th quarter. State Street Corp now owns 454,684 shares of the technology company’s stock worth $659,000 after acquiring an additional 18,122 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Lument Finance Trust by 46.2% in the 4th quarter. Wells Fargo & Company MN now owns 51,170 shares of the technology company’s stock worth $72,000 after acquiring an additional 16,179 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Lument Finance Trust in the 4th quarter worth $139,000. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Lument Finance Trust by 71.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 112,804 shares of the technology company’s stock valued at $159,000 after purchasing an additional 46,936 shares during the last quarter. Institutional investors own 19.45% of the company’s stock.

About Lument Finance Trust

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.