Lument Finance Trust (NYSE:LFT) Stock Price Crosses Above 200 Day Moving Average - Here's What Happened

Lument Finance Trust, Inc. (NYSE:LFT - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.48 and traded as high as $2.59. Lument Finance Trust shares last traded at $2.50, with a volume of 68,247 shares trading hands.

Wall Street Analyst Weigh In

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

Lument Finance Trust Price Performance

The company has a current ratio of 5.78, a quick ratio of 5.78 and a debt-to-equity ratio of 5.64. The firm has a market capitalization of $131.17 million, a P/E ratio of 7.84 and a beta of 1.06. The company has a 50 day moving average of $2.50 and a 200-day moving average of $2.48.

Lument Finance Trust (NYSE:LFT - Get Free Report) last posted its quarterly earnings data on Monday, August 12th. The technology company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.02). The firm had revenue of $30.64 million for the quarter, compared to the consensus estimate of $9.82 million. Lument Finance Trust had a return on equity of 14.10% and a net margin of 16.91%. During the same period in the prior year, the company earned $0.04 EPS. On average, sell-side analysts predict that Lument Finance Trust, Inc. will post 0.42 EPS for the current year.

Lument Finance Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 12.75%. The ex-dividend date of this dividend was Monday, September 30th. Lument Finance Trust's payout ratio is presently 100.00%.

Institutional Trading of Lument Finance Trust

Several institutional investors and hedge funds have recently modified their holdings of the business. Mercer Global Advisors Inc. ADV bought a new position in Lument Finance Trust in the 2nd quarter valued at approximately $27,000. LSV Asset Management acquired a new stake in shares of Lument Finance Trust during the 1st quarter valued at $41,000. Sei Investments Co. bought a new stake in Lument Finance Trust during the 2nd quarter worth $54,000. Acadian Asset Management LLC acquired a new position in Lument Finance Trust in the 2nd quarter worth about $55,000. Finally, Hillsdale Investment Management Inc. raised its position in Lument Finance Trust by 110.7% in the first quarter. Hillsdale Investment Management Inc. now owns 75,000 shares of the technology company's stock valued at $187,000 after purchasing an additional 39,396 shares during the last quarter. 19.45% of the stock is currently owned by institutional investors.

Lument Finance Trust Company Profile

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.