Lument Finance Trust, Inc. (LFT) to Issue Quarterly Dividend of $0.04 on April 15th

Lument Finance Trust, Inc. (NYSE:LFT) declared a quarterly dividend on Monday, March 16th. Stockholders of record on Tuesday, March 31st will be given a dividend of 0.04 per share by the technology company on Wednesday, April 15th. This represents a c) annualized dividend and a dividend yield of 13.2%. The ex-dividend date is Tuesday, March 31st.

Lument Finance Trust has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 2 consecutive years. Lument Finance Trust has a dividend payout ratio of 48.5% indicating that its dividend is sufficiently covered by earnings. 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 $0.16 annual dividend with an expected future payout ratio of 40.0%.

Lument Finance Trust Stock Down 3.6%

Shares of NYSE:LFT opened at $1.22 on Friday. The stock has a 50-day simple moving average of $1.35 and a 200-day simple moving average of $1.55. The stock has a market capitalization of $63.67 million, a P/E ratio of -8.68 and a beta of 0.69. Lument Finance Trust has a 1 year low of $1.18 and a 1 year high of $2.77. The company has a debt-to-equity ratio of 6.11, a quick ratio of 6.92 and a current ratio of 3.03.

Lument Finance Trust (NYSE:LFT) last posted its quarterly earnings results on Monday, March 23rd. The technology company reported ($0.24) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.30). Lument Finance Trust had a negative net margin of 3.47% and a positive return on equity of 7.21%. The business had revenue of ($3.92) million during the quarter, compared to analysts’ expectations of $7.78 million. Equities analysts forecast that Lument Finance Trust will post 0.42 earnings per share for the current year.

Insider Transactions at Lument Finance Trust

In other news, Director Walter C. Keenan purchased 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 30th. The shares were purchased at an average price of $1.46 per share, with a total value of $36,500.00. Following the purchase, the director directly owned 197,116 shares of the company’s stock, valued at approximately $287,789.36. This represents a 14.53% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.80% of the stock is owned by company insiders.

Institutional Trading of Lument Finance Trust

Several large investors have recently modified their holdings of LFT. Bank of America Corp DE increased its position in shares of Lument Finance Trust by 3,989.4% during the second quarter. Bank of America Corp DE now owns 14,640 shares of the technology company’s stock worth $32,000 after acquiring an additional 14,282 shares during the last quarter. James Investment Research Inc. grew its position in shares of Lument Finance Trust by 80.0% during the third quarter. James Investment Research Inc. now owns 18,000 shares of the technology company’s stock worth $36,000 after buying an additional 8,000 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of Lument Finance Trust by 102.2% in the third quarter. BNP Paribas Financial Markets now owns 19,556 shares of the technology company’s stock worth $40,000 after buying an additional 9,882 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in Lument Finance Trust by 302.0% in the fourth quarter. Russell Investments Group Ltd. now owns 32,987 shares of the technology company’s stock valued at $47,000 after acquiring an additional 24,782 shares in the last quarter. Finally, Intech Investment Management LLC bought a new position in Lument Finance Trust during the 2nd quarter valued at $52,000. 19.45% of the stock is currently owned by institutional investors and hedge funds.

About Lument Finance Trust

Lument Finance Trust is a real estate investment trust that focuses on originating and acquiring senior secured loans backed by commercial real estate properties. Listed on the New York Stock Exchange under the ticker LFT, the company seeks to generate attractive risk?adjusted returns by targeting floating?rate, first?mortgage loans across a broad range of property types, including multifamily, office, retail, industrial and hospitality.

The firm’s core business activity centers on deploying capital into short? and medium?term financing solutions for institutional real estate owners and developers.