Lument Finance Trust (NYSE:LFT - Get Free Report)'s stock had its "hold" rating restated by Jones Trading in a research report issued on Tuesday,Benzinga reports.
Lument Finance Trust Price Performance
NYSE:LFT traded up $0.03 during mid-day trading on Tuesday, reaching $2.62. The stock had a trading volume of 145,630 shares, compared to its average volume of 102,491. The stock has a market capitalization of $136.79 million, a P/E ratio of 7.26 and a beta of 1.05. The firm has a 50 day moving average price of $2.70 and a two-hundred day moving average price of $2.61. 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 has a one year low of $2.22 and a one year high of $2.84.
Lument Finance Trust (NYSE:LFT - Get Free Report) last released its earnings results on Wednesday, March 19th. The technology company reported $0.10 earnings per share for the quarter, meeting analysts' consensus estimates of $0.10. Lument Finance Trust had a return on equity of 14.41% and a net margin of 18.19%. The company had revenue of $9.55 million during the quarter, compared to analyst estimates of $8.89 million. As a group, analysts expect that Lument Finance Trust will post 0.42 earnings per share for the current year.
Institutional Trading of Lument Finance Trust
A number of institutional investors have recently modified their holdings of LFT. Millennium Management LLC bought a new stake in shares of Lument Finance Trust during the 4th quarter valued at about $160,000. Balyasny Asset Management L.P. purchased a new stake in Lument Finance Trust in the fourth quarter worth $49,000. Jane Street Group LLC purchased a new position in Lument Finance Trust during the fourth quarter valued at $148,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of Lument Finance Trust during the 4th quarter valued at $87,000. Finally, Northern Trust Corp grew its position in shares of 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. 19.45% of the stock is currently owned by hedge funds and other institutional investors.
Lument Finance Trust Company Profile
(
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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