Lument Finance Trust (LFT) Scheduled to Post Quarterly Earnings on Tuesday

Lument Finance Trust (NYSE:LFT - Get Free Report) will be issuing its quarterly earnings data after the market closes on Tuesday, November 12th. Analysts expect the company to announce earnings of $0.09 per share for the quarter. Parties interested in listening to the company's conference call can do so using this link.

Lument Finance Trust (NYSE:LFT - Get Free Report) last issued its quarterly earnings results on Monday, August 12th. The technology company reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.11 by ($0.02). The business had revenue of $30.64 million for the quarter, compared to analysts' expectations of $9.82 million. Lument Finance Trust had a return on equity of 14.10% and a net margin of 16.91%. During the same quarter last year, the company earned $0.04 earnings per share. On average, analysts expect Lument Finance Trust to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Lument Finance Trust Trading Up 2.4 %

NYSE:LFT traded up $0.06 on Wednesday, reaching $2.58. 79,287 shares of the company's stock were exchanged, compared to its average volume of 89,926. The company has a quick ratio of 5.78, a current ratio of 5.78 and a debt-to-equity ratio of 5.64. The firm has a market capitalization of $134.88 million, a price-to-earnings ratio of 7.17 and a beta of 1.07. The business has a fifty day moving average of $2.51 and a 200-day moving average of $2.49. Lument Finance Trust has a 52-week low of $1.95 and a 52-week high of $2.75.

Lument Finance Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.32 dividend on an annualized basis and a yield of 12.40%. Lument Finance Trust's dividend payout ratio (DPR) is presently 88.89%.

Analyst Upgrades and Downgrades

Separately, Raymond James lowered shares of Lument Finance Trust from an "outperform" rating to a "market perform" rating in a research note 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.