Lument Finance Trust (NYSE:LFT) Stock Rating Upgraded by Wall Street Zen

Lument Finance Trust (NYSE:LFT) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Sunday.

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

Lument Finance Trust Price Performance

NYSE LFT opened at $1.29 on Friday. Lument Finance Trust has a 52 week low of $1.18 and a 52 week high of $2.71. The company has a current ratio of 3.03, a quick ratio of 3.03 and a debt-to-equity ratio of 6.11. The stock has a market cap of $67.54 million, a price-to-earnings ratio of -9.21 and a beta of 0.69. The company has a 50-day moving average price of $1.34 and a two-hundred day moving average price of $1.54.

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

Institutional Investors Weigh In On Lument Finance Trust

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

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.