Raymond James Financial Inc. Purchases Shares of 18,466 Lument Finance Trust, Inc. (NYSE:LFT)

Raymond James Financial Inc. purchased a new stake in Lument Finance Trust, Inc. (NYSE:LFT) in the fourth quarter, Holdings Channel reports. The institutional investor purchased 18,466 shares of the technology company’s stock, valued at approximately $48,000.

A number of other hedge funds also recently bought and sold shares of LFT. Y Intercept Hong Kong Ltd acquired a new position in shares of Lument Finance Trust in the 4th quarter valued at about $48,000. Barclays PLC acquired a new position in Lument Finance Trust in the third quarter worth approximately $120,000. Geode Capital Management LLC boosted its position in Lument Finance Trust by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 443,701 shares of the technology company’s stock worth $1,146,000 after purchasing an additional 4,748 shares during the period. Finally, Foundations Investment Advisors LLC boosted its position in Lument Finance Trust by 32.2% during the fourth quarter. Foundations Investment Advisors LLC now owns 60,378 shares of the technology company’s stock worth $156,000 after purchasing an additional 14,721 shares during the period. 19.45% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Jones Trading reissued a “hold” rating on shares of Lument Finance Trust in a research report on Tuesday, April 1st.

Lument Finance Trust Price Performance

Shares of LFT stock opened at $2.41 on Thursday. The stock has a market cap of $126.06 million, a P/E ratio of 6.69 and a beta of 0.86. Lument Finance Trust, Inc. has a one year low of $2.22 and a one year high of $2.84. The stock has a fifty day moving average price of $2.62 and a 200 day moving average price of $2.62. 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 (NYSE:LFT) last issued its earnings results on Monday, May 12th. The technology company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.02). Lument Finance Trust had a return on equity of 14.41% and a net margin of 18.19%. The firm had revenue of $9.32 million during the quarter, compared to the consensus estimate of $9.21 million. Analysts predict that Lument Finance Trust, Inc. will post 0.42 earnings per share for the current year.

Lument Finance Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a dividend of $0.08 per share. The ex-dividend date was Monday, March 31st. This represents a $0.32 annualized dividend and a yield of 13.28%. Lument Finance Trust’s dividend payout ratio is currently 91.43%.

Lument Finance Trust 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.