Lument Finance Trust, Inc. (NYSE:LFT) Short Interest Update

Lument Finance Trust, Inc. (NYSE:LFT - Get Free Report) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 112,500 shares, a growth of 76.6% from the December 15th total of 63,700 shares. Based on an average trading volume of 113,900 shares, the short-interest ratio is currently 1.0 days.

Lument Finance Trust Price Performance

LFT traded up $0.04 during trading on Wednesday, reaching $2.59. 106,299 shares of the stock were exchanged, compared to its average volume of 171,821. The company has a debt-to-equity ratio of 5.39, a current ratio of 6.29 and a quick ratio of 6.29. The company has a market capitalization of $135.44 million, a price-to-earnings ratio of 7.19 and a beta of 1.07. Lument Finance Trust has a 1 year low of $2.16 and a 1 year high of $2.79. The business's 50 day moving average price is $2.59 and its two-hundred day moving average price is $2.54.

Lument Finance Trust (NYSE:LFT - Get Free Report) last released its quarterly earnings data on Tuesday, November 12th. The technology company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.09 by $0.01. The business had revenue of $28.93 million for the quarter, compared to analyst estimates of $9.06 million. Lument Finance Trust had a net margin of 18.19% and a return on equity of 14.41%. During the same period in the previous year, the firm earned $0.11 EPS. As a group, equities research analysts anticipate that Lument Finance Trust will post 0.42 earnings per share for the current year.

Lument Finance Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.09 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.36 dividend on an annualized basis and a dividend yield of 13.90%. Lument Finance Trust's dividend payout ratio (DPR) is 88.89%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Barclays PLC purchased a new stake in shares of Lument Finance Trust in the third quarter valued at $120,000. Geode Capital Management LLC boosted 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 worth $1,111,000 after purchasing an additional 11,718 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Lument Finance Trust during the third quarter worth about $32,000. Glenmede Trust Co. NA purchased a new stake in shares of Lument Finance Trust during the third quarter worth about $85,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Lument Finance Trust by 72.4% in the third 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 during the last quarter. 19.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

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.