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 $2.56 and traded as high as $2.71. Lument Finance Trust shares last traded at $2.69, with a volume of 74,753 shares changing hands.
Lument Finance Trust Stock Performance
The company has a current ratio of 6.29, a quick ratio of 6.29 and a debt-to-equity ratio of 5.39. The firm has a market cap of $142.18 million, a price-to-earnings ratio of 7.55 and a beta of 1.07. The stock has a fifty day moving average price of $2.63 and a 200 day moving average price of $2.56.
Lument Finance Trust Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 13.24%. The ex-dividend date of this dividend was Tuesday, December 31st. Lument Finance Trust's dividend payout ratio is 88.89%.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in LFT. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Lument Finance Trust by 72.4% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 26,198 shares of the technology company's stock worth $66,000 after purchasing an additional 11,001 shares in the last quarter. Glenmede Trust Co. NA acquired a new stake in shares of Lument Finance Trust during the 3rd quarter worth approximately $85,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Lument Finance Trust during the 3rd quarter worth approximately $32,000. Barclays PLC acquired a new stake in shares of Lument Finance Trust during the 3rd quarter worth approximately $120,000. Finally, Geode Capital Management LLC grew its holdings in shares of Lument Finance Trust by 2.7% during the 3rd quarter. Geode Capital Management LLC now owns 438,953 shares of the technology company's stock worth $1,111,000 after purchasing an additional 11,718 shares in the last quarter. Institutional investors and hedge funds 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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