Lument Finance Trust (LFT) Projected to Post Earnings on Thursday

Lument Finance Trust (NYSE:LFT - Get Free Report) is expected to be issuing its quarterly earnings data before the market opens on Thursday, March 13th. Analysts expect the company to announce earnings of $0.09 per share and revenue of $8.89 million for the quarter.

Lument Finance Trust Price Performance

Shares of NYSE:LFT traded up $0.04 during mid-day trading on Friday, reaching $2.74. The stock had a trading volume of 59,577 shares, compared to its average volume of 100,299. The company has a current ratio of 6.29, a quick ratio of 6.29 and a debt-to-equity ratio of 5.39. The company has a market cap of $143.02 million, a P/E ratio of 7.60 and a beta of 1.05. Lument Finance Trust has a 1 year low of $2.16 and a 1 year high of $2.80. The business's 50 day moving average price is $2.64 and its 200 day moving average price is $2.58.

Lument Finance Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a $0.09 dividend. The ex-dividend date 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 is currently 88.89%.

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.