Lument Finance Trust, Inc. (NYSE:LFT) Sees Large Increase in Short Interest

Lument Finance Trust, Inc. (NYSE:LFT - Get Free Report) was the recipient of a significant growth in short interest in February. As of February 15th, there was short interest totalling 86,800 shares, a growth of 27.5% from the January 31st total of 68,100 shares. Based on an average daily volume of 118,200 shares, the days-to-cover ratio is currently 0.7 days.

Lument Finance Trust Trading Up 1.3 %

Shares of Lument Finance Trust stock traded up $0.04 on Friday, hitting $2.74. The stock had a trading volume of 59,577 shares, compared to its average volume of 100,299. The stock has a 50 day moving average of $2.64 and a 200 day moving average of $2.58. The firm has a market capitalization of $143.02 million, a P/E ratio of 7.60 and a beta of 1.05. Lument Finance Trust has a twelve month low of $2.16 and a twelve month high of $2.80. The company has a debt-to-equity ratio of 5.39, a quick ratio of 6.29 and a current ratio of 6.29.

Lument Finance Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.36 dividend on an annualized basis and a dividend yield of 13.16%. Lument Finance Trust's dividend payout ratio (DPR) is presently 88.89%.

Institutional Trading of Lument Finance Trust

Several institutional investors have recently modified their holdings of the business. Millennium Management LLC acquired a new position in shares of Lument Finance Trust in the fourth quarter worth approximately $160,000. Balyasny Asset Management L.P. acquired a new position in shares of Lument Finance Trust in the 4th quarter worth approximately $49,000. Jane Street Group LLC acquired a new position in shares of Lument Finance Trust in the 4th quarter worth approximately $148,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Lument Finance Trust during the fourth quarter worth $87,000. Finally, Northern Trust Corp raised its stake in Lument Finance Trust by 7.5% during the fourth quarter. Northern Trust Corp now owns 85,750 shares of the technology company's stock worth $221,000 after buying an additional 5,991 shares during the last quarter. Institutional investors own 19.45% of the company's stock.

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Lument Finance Trust Company Profile

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.