Lument Finance Trust, Inc. (NYSE:LFT - Get Free Report) declared a quarterly dividend on Wednesday, March 19th, RTT News reports. Stockholders of record on Monday, March 31st will be paid a dividend of 0.08 per share by the technology company on Tuesday, April 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 11.37%. The ex-dividend date is Monday, March 31st.
Lument Finance Trust has decreased its dividend by an average of 4.9% annually over the last three years. Lument Finance Trust has a payout ratio of 62.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Lument Finance Trust to earn $0.40 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 80.0%.
Lument Finance Trust Stock Performance
Shares of NYSE LFT traded down $0.01 during trading on Friday, reaching $2.82. 135,726 shares of the stock traded hands, compared to its average volume of 102,875. Lument Finance Trust has a 52-week low of $2.22 and a 52-week high of $2.83. The company has a debt-to-equity ratio of 5.39, a current ratio of 6.29 and a quick ratio of 6.29. The company has a 50-day moving average of $2.68 and a 200-day moving average of $2.60. The stock has a market capitalization of $147.20 million, a P/E ratio of 7.82 and a beta of 1.05.
Lument Finance Trust (NYSE:LFT - Get Free Report) last issued its quarterly earnings results on Wednesday, March 19th. The technology company reported $0.10 EPS for the quarter, meeting analysts' consensus estimates of $0.10. Lument Finance Trust had a return on equity of 14.41% and a net margin of 18.19%. The firm had revenue of $9.55 million for the quarter, compared to analysts' expectations of $8.89 million. Analysts forecast that Lument Finance Trust will post 0.42 EPS for the current fiscal year.
About Lument Finance Trust
(
Get Free Report)
Lument Finance Trust, Inc, a real estate investment trust, focuses on investing in, financing, and managing a portfolio of commercial real estate (CRE) debt investments in the United States. The company primarily invests in transitional floating rate CRE mortgage loans on middle market multi-family assets; and other CRE -related investments, including mezzanine loans, preferred equity, commercial mortgage-backed securities, fixed rate loans, construction loans, and other CRE debt instruments.
See Also
Before you consider Lument Finance Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lument Finance Trust wasn't on the list.
While Lument Finance Trust currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
