Lument Finance Trust (NYSE:LFT - Get Free Report) released its quarterly earnings data on Wednesday. The technology company reported $0.10 earnings per share for the quarter, meeting the consensus estimate of $0.10, Zacks reports. The business had revenue of $9.55 million for the quarter, compared to analyst estimates of $8.89 million. Lument Finance Trust had a return on equity of 14.41% and a net margin of 18.19%.
Lument Finance Trust Stock Down 0.2 %
Shares of NYSE:LFT traded down $0.01 during mid-day trading on Friday, hitting $2.82. 135,726 shares of the company traded hands, compared to its average volume of 102,875. The firm has a market cap of $147.20 million, a P/E ratio of 7.82 and a beta of 1.05. 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 has a 52-week low of $2.22 and a 52-week high of $2.83. The firm's 50 day simple moving average is $2.68 and its 200 day simple moving average is $2.60.
Lument Finance Trust Cuts Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.32 annualized dividend and a dividend yield of 11.37%. Lument Finance Trust's payout ratio is currently 91.43%.
Lument Finance Trust Company Profile
(
Get Free Report)
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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