Lument Finance Trust, Inc. (NYSE:LFT - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.56 and traded as high as $2.75. Lument Finance Trust shares last traded at $2.74, with a volume of 63,425 shares trading hands.
Lument Finance Trust Price Performance
The firm has a 50 day moving average price of $2.64 and a two-hundred day moving average price of $2.56. The company has a market cap of $142.49 million, a P/E ratio of 7.57 and a beta of 1.07. The company has a debt-to-equity ratio of 5.39, a quick ratio of 6.29 and a current ratio of 6.29.
Lument Finance Trust Announces Dividend
The firm 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 annualized dividend and a dividend yield of 13.21%. Lument Finance Trust's payout ratio is 88.89%.
Institutional Trading of Lument Finance Trust
A number of institutional investors have recently modified their holdings of the business. Barclays PLC bought a new stake in Lument Finance Trust during the 3rd quarter valued at $120,000. Geode Capital Management LLC raised its stake 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 valued at $1,111,000 after purchasing an additional 11,718 shares during the period. Glenmede Trust Co. NA bought a new position in Lument Finance Trust in the 3rd quarter worth about $85,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in 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 valued at $66,000 after buying an additional 11,001 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Lument Finance Trust during the third quarter valued at about $32,000. 19.45% of the stock is currently owned by hedge funds and other institutional investors.
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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