Lument Finance Trust, Inc. (NYSE:LFT) Sees Large Increase in Short Interest

Lument Finance Trust, Inc. (NYSE:LFT) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 542,428 shares, a growth of 84.0% from the August 15th total of 294,756 shares. Approximately 1.1% of the shares of the stock are short sold. Based on an average trading volume of 214,440 shares, the days-to-cover ratio is presently 2.5 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of LFT. PNC Financial Services Group Inc. boosted its position in Lument Finance Trust by 4,362.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 22,133 shares of the technology company’s stock valued at $28,000 after buying an additional 21,637 shares during the last quarter. Melia Wealth LLC raised its position in shares of Lument Finance Trust by 4.4% during the fourth quarter. Melia Wealth LLC now owns 988,137 shares of the technology company’s stock worth $1,393,000 after acquiring an additional 41,731 shares during the last quarter. Callan Family Office LLC bought a new stake in shares of Lument Finance Trust during the second quarter worth $71,000. Segall Bryant & Hamill LLC acquired a new position in shares of Lument Finance Trust during the first quarter valued at $180,000. Finally, Susquehanna International Group LLP raised its holdings in Lument Finance Trust by 957.6% during the 2nd quarter. Susquehanna International Group LLP now owns 182,226 shares of the technology company’s stock worth $168,000 after purchasing an additional 164,996 shares during the last quarter. Institutional investors own 19.45% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Lument Finance Trust in a report on Monday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Lument Finance Trust currently has an average rating of “Sell”.

Lument Finance Trust Price Performance

NYSE LFT traded up $0.04 on Thursday, hitting $6.56. 5,967 shares of the company were exchanged, compared to its average volume of 21,132. Lument Finance Trust has a 1-year low of $5.80 and a 1-year high of $22.10. The firm has a 50 day moving average of $7.38 and a two-hundred day moving average of $10.22. The company has a current ratio of 5.98, a quick ratio of 5.98 and a debt-to-equity ratio of 6.11. The company has a market cap of $34.44 million, a P/E ratio of -1.82 and a beta of 0.57.

Lument Finance Trust (NYSE:LFT) last posted its quarterly earnings data on Thursday, August 13th. The technology company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.75). Lument Finance Trust had a negative net margin of 18.00% and a positive return on equity of 0.86%. The company had revenue of ($13.37) million during the quarter, compared to analyst estimates of $4.59 million.

Lument Finance Trust Company Profile

Lument Finance Trust, Inc (NYSE:LFT) is a real estate investment trust focused primarily on commercial real estate debt investments. The company generally targets loans and other credit investments secured by income-producing properties, with an emphasis on the multifamily housing sector.

Its investment activities may include transitional multifamily mortgage loans, commercial mortgage-backed securities and other real estate-related debt instruments. Through its relationship with the Lument platform, the company seeks to identify, underwrite and manage investments in commercial properties across the United States.

Lument Finance Trust was formerly known as Hunt Companies Finance Trust, Inc and adopted its current name in 2020.