Lument Finance Trust (NYSE:LFT) Shares Cross Above Two Hundred Day Moving Average - Should You Sell?

Lument Finance Trust, Inc. (NYSE:LFT - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.55 and traded as high as $2.66. Lument Finance Trust shares last traded at $2.63, with a volume of 84,967 shares traded.

Lument Finance Trust Price Performance

The business has a fifty day moving average of $2.62 and a 200 day moving average of $2.56. The company has a debt-to-equity ratio of 5.39, a current ratio of 6.29 and a quick ratio of 6.29. The stock has a market cap of $139.35 million, a PE ratio of 7.40 and a beta of 1.07.

Lument Finance Trust (NYSE:LFT - Get Free Report) last released its quarterly earnings results on Tuesday, November 12th. The technology company reported $0.10 earnings per share for the quarter, topping analysts' consensus estimates of $0.09 by $0.01. The business had revenue of $28.93 million during the quarter, compared to the consensus estimate of $9.06 million. Lument Finance Trust had a net margin of 18.19% and a return on equity of 14.41%. During the same quarter last year, the company earned $0.11 earnings per share. Sell-side analysts anticipate that Lument Finance Trust, Inc. will post 0.42 earnings per share for the current year.

Lument Finance Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.09 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.36 dividend on an annualized basis and a dividend yield of 13.51%. Lument Finance Trust's dividend payout ratio (DPR) is presently 88.89%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Barclays PLC bought a new position in Lument Finance Trust during the third quarter worth $120,000. Geode Capital Management LLC boosted its holdings in shares of Lument Finance Trust by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 438,953 shares of the technology company's stock valued at $1,111,000 after buying an additional 11,718 shares during the period. Sei Investments Co. bought a new stake in shares of Lument Finance Trust during the 2nd quarter valued at about $54,000. Glenmede Trust Co. NA acquired a new stake in Lument Finance Trust during the third quarter worth about $85,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in Lument Finance Trust by 72.4% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 26,198 shares of the technology company's stock worth $66,000 after acquiring an additional 11,001 shares during the period. Institutional investors and hedge funds own 19.45% of the company's stock.

Lument Finance Trust Company Profile

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.