Lument Finance Trust (NYSE:LFT) Downgraded to Sell Rating by Wall Street Zen

Wall Street Zen downgraded shares of Lument Finance Trust (NYSE:LFT) from a hold rating to a sell rating in a research report released on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Lument Finance Trust in a report on Monday, December 29th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Lument Finance Trust Stock Up 0.8%

Shares of NYSE:LFT opened at $1.29 on Friday. The company has a market capitalization of $67.55 million, a price-to-earnings ratio of 12.90 and a beta of 0.69. The company has a 50 day moving average of $1.37 and a two-hundred day moving average of $1.59. Lument Finance Trust has a 52-week low of $1.22 and a 52-week high of $2.84. The company has a quick ratio of 6.92, a current ratio of 6.92 and a debt-to-equity ratio of 4.15.

Lument Finance Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 12.4%. The ex-dividend date of this dividend is Tuesday, March 31st. Lument Finance Trust’s dividend payout ratio is 160.00%.

Insider Activity

In related news, Director Walter C. Keenan bought 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 30th. The stock was purchased at an average price of $1.46 per share, for a total transaction of $36,500.00. Following the transaction, the director directly owned 197,116 shares of the company’s stock, valued at approximately $287,789.36. This represents a 14.53% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.80% of the company’s stock.

Institutional Investors Weigh In On Lument Finance Trust

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Bank of America Corp DE boosted its holdings in shares of Lument Finance Trust by 3,989.4% in the second quarter. Bank of America Corp DE now owns 14,640 shares of the technology company’s stock worth $32,000 after buying an additional 14,282 shares during the period. James Investment Research Inc. raised its holdings in shares of Lument Finance Trust by 80.0% during the third quarter. James Investment Research Inc. now owns 18,000 shares of the technology company’s stock valued at $36,000 after acquiring an additional 8,000 shares during the period. BNP Paribas Financial Markets lifted its position in shares of Lument Finance Trust by 102.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 19,556 shares of the technology company’s stock valued at $40,000 after acquiring an additional 9,882 shares in the last quarter. Intech Investment Management LLC purchased a new stake in shares of Lument Finance Trust in the 2nd quarter valued at approximately $52,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Lument Finance Trust in the 2nd quarter worth approximately $55,000. 19.45% of the stock is 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.