Lument Finance Trust, Inc. (NYSE:LFT - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.58 and traded as high as $2.80. Lument Finance Trust shares last traded at $2.72, with a volume of 92,264 shares trading hands.
Lument Finance Trust Stock Up 1.3 %
The company has a quick ratio of 6.29, a current ratio of 6.29 and a debt-to-equity ratio of 5.39. The company has a market capitalization of $143.02 million, a P/E ratio of 7.60 and a beta of 1.05. The firm has a 50-day moving average price of $2.64 and a two-hundred day moving average price of $2.58.
Lument Finance Trust Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given 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 13.16%. Lument Finance Trust's dividend payout ratio is currently 88.89%.
Institutional Trading of Lument Finance Trust
A number of hedge funds have recently modified their holdings of LFT. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Lument Finance Trust in the 3rd quarter worth approximately $32,000. Raymond James Financial Inc. bought a new stake in shares of Lument Finance Trust in the 4th quarter worth approximately $48,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Lument Finance Trust in the 4th quarter worth approximately $48,000. Balyasny Asset Management L.P. bought a new stake in shares of Lument Finance Trust in the 4th quarter worth approximately $49,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Lument Finance Trust by 72.4% in the 3rd 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 own 19.45% of the company's stock.
About Lument Finance Trust
(
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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