Lument Finance Trust (NYSE:LFT - Get Free Report) announced its earnings results on Tuesday. The technology company reported $0.10 EPS for the quarter, beating analysts' consensus estimates of $0.09 by $0.01, Zacks reports. The firm had revenue of $28.93 million for the quarter, compared to analysts' expectations of $9.06 million. Lument Finance Trust had a return on equity of 14.41% and a net margin of 18.19%. During the same quarter in the prior year, the firm earned $0.11 EPS.
Lument Finance Trust Trading Up 2.2 %
Shares of LFT traded up $0.06 during trading hours on Friday, hitting $2.52. The stock had a trading volume of 76,071 shares, compared to its average volume of 91,029. The company has a debt-to-equity ratio of 5.39, a quick ratio of 5.78 and a current ratio of 6.29. The firm has a market cap of $131.51 million, a P/E ratio of 6.99 and a beta of 1.07. The company's fifty day simple moving average is $2.51 and its 200 day simple moving average is $2.49. Lument Finance Trust has a 12-month low of $2.00 and a 12-month 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. This represents a $0.32 dividend on an annualized basis and a dividend yield of 12.72%. The ex-dividend date of this dividend was Monday, September 30th. Lument Finance Trust's dividend payout ratio is presently 88.89%.
Analyst Ratings Changes
Separately, Raymond James cut Lument Finance Trust from an "outperform" rating to a "market perform" rating in a report on Thursday, September 19th.
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Lument Finance Trust Company Profile
(
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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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