Lument Finance Trust (NYSE:LFT) Posts Earnings Results, Beats Expectations By $0.01 EPS

Lument Finance Trust (NYSE:LFT) announced its quarterly earnings results on Tuesday. The technology company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01, Zacks reports. The firm had revenue of $28.93 million during 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 posted $0.11 earnings per share.

Lument Finance Trust Stock Performance

NYSE:LFT traded up $0.07 during mid-day trading on Friday, hitting $2.53. 35,047 shares of the company traded hands, compared to its average volume of 90,822. The stock’s fifty day moving average price is $2.51 and its 200-day moving average price is $2.49. The firm has a market cap of $132.29 million, a price-to-earnings ratio of 6.83 and a beta of 1.07. The company has a quick ratio of 5.78, a current ratio of 6.29 and a debt-to-equity ratio of 5.39. Lument Finance Trust has a one year low of $2.00 and a one year high of $2.75.

Lument Finance Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 12.65%. The ex-dividend date of this dividend was Monday, September 30th. Lument Finance Trust’s dividend payout ratio is presently 88.89%.

Analysts Set New Price Targets

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.

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.