Lument Finance Trust (NYSE:LFT) Share Price Passes Above 200 Day Moving Average - Should You Sell?

Lument Finance Trust, Inc. (NYSE:LFT - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $2.61 and traded as high as $2.82. Lument Finance Trust shares last traded at $2.77, with a volume of 113,697 shares trading hands.

Lument Finance Trust Stock Down 2.7 %

The company has a market cap of $139.93 million, a price-to-earnings ratio of 7.43 and a beta of 1.05. The business has a 50-day simple moving average of $2.70 and a two-hundred day simple moving average of $2.61. The company has a quick ratio of 6.29, a current ratio of 6.29 and a debt-to-equity ratio of 5.39.

Lument Finance Trust (NYSE:LFT - Get Free Report) last posted its earnings results on Wednesday, March 19th. The technology company reported $0.10 earnings per share for the quarter, hitting the consensus estimate of $0.10. Lument Finance Trust had a return on equity of 14.41% and a net margin of 18.19%. The firm had revenue of $9.55 million during the quarter, compared to analyst estimates of $8.89 million. As a group, equities analysts forecast that Lument Finance Trust, Inc. will post 0.42 earnings per share for the current fiscal year.

Lument Finance Trust Cuts Dividend

The company also recently disclosed 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. This represents a $0.32 annualized dividend and a dividend yield of 11.96%. The ex-dividend date is Monday, March 31st. Lument Finance Trust's dividend payout ratio is currently 91.43%.

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Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Melia Wealth LLC grew its position in shares of Lument Finance Trust by 3.5% in the fourth quarter. Melia Wealth LLC now owns 727,365 shares of the technology company's stock valued at $1,877,000 after purchasing an additional 24,415 shares during the last quarter. Geode Capital Management LLC grew its holdings in Lument Finance Trust by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 443,701 shares of the technology company's stock valued at $1,146,000 after buying an additional 4,748 shares during the last quarter. Northern Trust Corp increased its position in Lument Finance Trust by 7.5% in the 4th quarter. Northern Trust Corp now owns 85,750 shares of the technology company's stock worth $221,000 after buying an additional 5,991 shares during the period. Millennium Management LLC acquired a new position in shares of Lument Finance Trust during the fourth quarter worth approximately $160,000. Finally, NewEdge Advisors LLC boosted its position in shares of Lument Finance Trust by 79.2% in the fourth quarter. NewEdge Advisors LLC now owns 61,179 shares of the technology company's stock valued at $158,000 after acquiring an additional 27,037 shares during the period. Institutional investors own 19.45% of the company's stock.

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.