Lument Finance Trust, Inc. (NYSE:LFT) Raises Dividend to $0.49 Per Share

Lument Finance Trust, Inc. (NYSE:LFT) announced a quarterly dividend on Friday, September 18th. Investors of record on Thursday, October 1st will be given a dividend of $0.4922 per share by the technology company on Thursday, October 15th. This represents a $1.97 annualized dividend and a dividend yield of 34.8%. The ex-dividend date of this dividend is Thursday, October 1st. This is a 23.0% increase from Lument Finance Trust’s previous quarterly dividend of $0.40.

Lument Finance Trust has decreased 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 dividend payout ratio of 484.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Lument Finance Trust Trading Up 9.0%

Lument Finance Trust stock opened at $5.66 on Tuesday. Lument Finance Trust has a one year low of $5.15 and a one year high of $21.10. The company’s fifty day moving average price is $6.81 and its two-hundred day moving average price is $9.77. The company has a debt-to-equity ratio of 6.11, a current ratio of 5.98 and a quick ratio of 5.98. The company has a market capitalization of $29.71 million, a price-to-earnings ratio of -1.57 and a beta of 0.57.

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. lifted its holdings in shares of Lument Finance Trust by 4,362.3% during the first quarter. PNC Financial Services Group Inc. now owns 22,133 shares of the technology company’s stock worth $28,000 after buying an additional 21,637 shares during the last quarter. Callan Family Office LLC acquired a new stake in shares of Lument Finance Trust in the second quarter worth $71,000. Segall Bryant & Hamill LLC acquired a new stake in shares of Lument Finance Trust in the first quarter worth $180,000. Susquehanna International Group LLP grew its stake in shares of Lument Finance Trust by 957.6% in the second quarter. Susquehanna International Group LLP now owns 182,226 shares of the technology company’s stock worth $168,000 after acquiring an additional 164,996 shares during the last quarter. Finally, BlackRock Inc. bought a new position in Lument Finance Trust during the second quarter worth $344,000. Institutional investors own 19.45% of the company’s stock.

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.