Lument Finance Trust (NYSE:LFT) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of Lument Finance Trust, Inc. (NYSE:LFT) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $2.56 and traded as high as $2.71. Lument Finance Trust shares last traded at $2.69, with a volume of 74,753 shares trading hands.

Lument Finance Trust Stock Down 0.4 %

The company has a current ratio of 6.29, a quick ratio of 6.29 and a debt-to-equity ratio of 5.39. The firm’s 50 day simple moving average is $2.63 and its 200-day simple moving average is $2.56. The stock has a market capitalization of $140.66 million, a price-to-earnings ratio of 7.47 and a beta of 1.07.

Lument Finance Trust (NYSE:LFT) last released its quarterly earnings data 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 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 business earned $0.11 EPS. Equities analysts expect that Lument Finance Trust, Inc. will post 0.42 earnings per share for the current fiscal year.

Lument Finance Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.09 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.36 annualized dividend and a dividend yield of 13.38%. Lument Finance Trust’s dividend payout ratio is presently 88.89%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Lument Finance Trust during the 3rd quarter worth about $32,000. Raymond James Financial Inc. bought a new stake in shares of Lument Finance Trust during the 4th quarter worth about $48,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Lument Finance Trust during the 4th quarter worth about $48,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Lument Finance Trust by 72.4% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 26,198 shares of the technology company’s stock worth $66,000 after buying an additional 11,001 shares during the period. Finally, Glenmede Trust Co. NA bought a new stake in shares of Lument Finance Trust during the 3rd quarter worth about $85,000. 19.45% of the stock is currently owned by institutional investors and hedge funds.

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.