Lument Finance Trust, Inc. (NYSE:LFT) to Issue Quarterly Dividend of $0.09

Lument Finance Trust, Inc. (NYSE:LFT - Get Free Report) announced a quarterly dividend on Thursday, December 12th,NASDAQ Dividends reports. Shareholders of record on Tuesday, December 31st will be given a dividend of 0.09 per share by the technology company on Wednesday, January 15th. This represents a $0.36 annualized dividend and a yield of 13.46%. The ex-dividend date of this dividend is Tuesday, December 31st.

Lument Finance Trust has decreased its dividend by an average of 7.2% per year over the last three years. Lument Finance Trust has a dividend payout ratio of 76.2% meaning its dividend is currently covered by earnings, but may not be in the future if the company's earnings fall. 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 Trading Up 2.1 %

Shares of LFT traded up $0.05 during mid-day trading on Friday, hitting $2.68. 238,490 shares of the company's stock traded hands, compared to its average volume of 91,187. The company has a quick ratio of 6.29, a current ratio of 6.29 and a debt-to-equity ratio of 5.39. The firm has a market capitalization of $139.88 million, a P/E ratio of 7.26 and a beta of 1.08. The business's 50-day moving average price is $2.53 and its 200-day moving average price is $2.52. Lument Finance Trust has a 1 year low of $2.08 and a 1 year high of $2.75.

Lument Finance Trust (NYSE:LFT - Get Free Report) last posted its earnings results on Tuesday, November 12th. The technology company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.09 by $0.01. Lument Finance Trust had a net margin of 18.19% and a return on equity of 14.41%. The firm had revenue of $28.93 million during the quarter, compared to analysts' expectations of $9.06 million. During the same period last year, the company posted $0.11 EPS. As a group, sell-side analysts forecast that Lument Finance Trust will post 0.42 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Raymond James downgraded Lument Finance Trust from an "outperform" rating to a "market perform" rating in a report on Thursday, September 19th.

About Lument Finance Trust

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.

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