Lument Finance Trust, Inc. (NYSE:LFT) Plans Quarterly Dividend of $0.09

Lument Finance Trust, Inc. (NYSE:LFT) announced a quarterly dividend on Thursday, December 12th,NASDAQ Dividends reports. Stockholders of record on Tuesday, December 31st will be given a dividend of 0.09 per share by the technology company on Wednesday, January 15th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 13.46%. The ex-dividend date is Tuesday, December 31st.

Lument Finance Trust has decreased its dividend by an average of 7.2% annually over the last three years. Lument Finance Trust has a payout ratio of 76.2% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect Lument Finance Trust to earn $0.40 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 80.0%.

Lument Finance Trust Stock Up 2.1 %

NYSE:LFT traded up $0.05 during mid-day trading on Friday, hitting $2.68. 238,490 shares of the company’s stock were exchanged, compared to its average volume of 91,187. The company has a market cap of $139.88 million, a PE ratio of 7.43 and a beta of 1.08. The company has a debt-to-equity ratio of 5.39, a current ratio of 6.29 and a quick ratio of 6.29. Lument Finance Trust has a one year low of $2.08 and a one year high of $2.75. The business has a fifty day moving average price of $2.53 and a 200 day moving average price of $2.52.

Lument Finance Trust (NYSE:LFT) last posted its quarterly earnings results on Tuesday, November 12th. The technology company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. The company had revenue of $28.93 million for the quarter, compared to the consensus estimate of $9.06 million. Lument Finance Trust had a return on equity of 14.41% and a net margin of 18.19%. During the same quarter in the prior year, the business posted $0.11 EPS. Equities analysts predict that Lument Finance Trust will post 0.42 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.