Lument Finance Trust, Inc. (NYSE:LFT – Get Free Report) 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.
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.
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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.
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