Lument Finance Trust (NYSE:LFT) Releases Quarterly Earnings Results, Misses Expectations By $0.53 EPS

Lument Finance Trust (NYSE:LFT) announced its quarterly earnings data on Thursday. The technology company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.53), Zacks reports. Lument Finance Trust had a positive return on equity of 0.86% and a negative net margin of 18.00%.

Lument Finance Trust Trading Up 3.0%

Shares of LFT stock traded up $0.13 on Thursday, hitting $4.46. The stock had a trading volume of 18,378 shares, compared to its average volume of 15,241. The firm has a market cap of $23.41 million, a P/E ratio of -1.24 and a beta of 0.66. Lument Finance Trust has a twelve month low of $3.85 and a twelve month high of $16.45. 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 fifty day moving average price of $5.10 and a two-hundred day moving average price of $9.44.

Lument Finance Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st were given a dividend of $0.4922 per share. This is a positive change from Lument Finance Trust’s previous quarterly dividend of $0.40. This represents a $1.97 dividend on an annualized basis and a dividend yield of 44.1%. The ex-dividend date of this dividend was Thursday, October 1st.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Lument Finance Trust in a research note on Monday, September 14th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Lument Finance Trust Company Profile

Lument Finance Trust, Inc. is a real estate investment trust that focuses primarily on financing multifamily and other commercial real estate properties. The company invests in mortgage loans and related real estate debt investments, with an emphasis on generating income from a diversified portfolio of commercial real estate credit assets. Its investments generally include floating-rate, first-mortgage loans secured by multifamily properties, as well as other commercial real estate loans and mortgage-related securities.