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

Lument Finance Trust, Inc. (NYSE:LFT - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.49 and traded as high as $2.50. Lument Finance Trust shares last traded at $2.38, with a volume of 336,806 shares.

Analyst Ratings Changes

Separately, Raymond James lowered shares of Lument Finance Trust from an "outperform" rating to a "market perform" rating in a report on Thursday, September 19th.

Lument Finance Trust Trading Up 3.4 %

The company's 50 day moving average price is $2.51 and its 200 day moving average price is $2.49. The company has a debt-to-equity ratio of 5.64, a quick ratio of 5.78 and a current ratio of 5.78. The company has a market cap of $128.61 million, a price-to-earnings ratio of 6.83 and a beta of 1.07.

Lument Finance Trust (NYSE:LFT - Get Free Report) last issued its quarterly earnings results on Monday, August 12th. The technology company reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.11 by ($0.02). Lument Finance Trust had a net margin of 18.19% and a return on equity of 14.43%. The company had revenue of $30.64 million during the quarter, compared to the consensus estimate of $9.82 million. During the same period last year, the company earned $0.04 earnings per share. Research analysts anticipate that Lument Finance Trust, Inc. will post 0.42 EPS for the current year.

Lument Finance Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 13.01%. The ex-dividend date of this dividend was Monday, September 30th. Lument Finance Trust's payout ratio is 88.89%.

Institutional Investors Weigh In On Lument Finance Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in Lument Finance Trust by 8.9% in the first quarter. Vanguard Group Inc. now owns 1,557,677 shares of the technology company's stock valued at $3,879,000 after buying an additional 127,887 shares in the last quarter. Hillsdale Investment Management Inc. increased its holdings in Lument Finance Trust by 110.7% during the first quarter. Hillsdale Investment Management Inc. now owns 75,000 shares of the technology company's stock worth $187,000 after buying an additional 39,396 shares during the last quarter. Acadian Asset Management LLC acquired a new position in Lument Finance Trust during the second quarter worth $55,000. Mercer Global Advisors Inc. ADV acquired a new position in Lument Finance Trust during the second quarter worth $27,000. Finally, Sei Investments Co. acquired a new position in Lument Finance Trust during the second quarter worth $54,000. Institutional investors and hedge funds 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.