Lument Finance Trust, Inc. Plans Quarterly Dividend of $0.04 (NYSE:LFT)

Lument Finance Trust, Inc. (NYSE:LFT) declared a quarterly dividend on Wednesday, June 10th. Stockholders of record on Tuesday, June 30th will be given a dividend of 0.04 per share by the technology company on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 15.9%. The ex-dividend date of this dividend is Tuesday, June 30th.

Lument Finance Trust has decreased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 2 consecutive years. Lument Finance Trust has a dividend payout ratio of 48.5% indicating that its dividend is sufficiently covered by earnings.

Lument Finance Trust Stock Performance

LFT stock opened at $1.01 on Thursday. The company has a market cap of $52.70 million, a P/E ratio of -7.73 and a beta of 0.53. Lument Finance Trust has a 1 year low of $1.00 and a 1 year high of $2.65. The company has a debt-to-equity ratio of 6.16, a current ratio of 3.03 and a quick ratio of 3.03. The stock’s fifty day moving average price is $1.17 and its 200-day moving average price is $1.32.

Lument Finance Trust (NYSE:LFT) last released its quarterly earnings results on Friday, May 15th. The technology company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.04). The firm had revenue of ($5.69) million during the quarter, compared to analysts’ expectations of $4.59 million. Lument Finance Trust had a positive return on equity of 5.65% and a negative net margin of 2.59%.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Lument Finance Trust from a “sell” rating to a “hold” rating in a research note on Sunday, March 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Lument Finance Trust has an average rating of “Sell”.

Lument Finance Trust Company Profile

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.