Lument Finance Trust, Inc. (NYSE:LFT) Short Interest Update

Lument Finance Trust, Inc. (NYSE:LFT) was the recipient of a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 86,800 shares, a growth of 27.5% from the January 31st total of 68,100 shares. Based on an average daily volume of 118,200 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Investors Weigh In On Lument Finance Trust

A number of institutional investors and hedge funds have recently modified their holdings of LFT. Geode Capital Management LLC raised its holdings in shares of 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 last quarter. Northern Trust Corp raised its stake in shares of Lument Finance Trust by 7.5% during the 4th quarter. Northern Trust Corp now owns 85,750 shares of the technology company’s stock valued at $221,000 after buying an additional 5,991 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Lument Finance Trust by 72.4% in the third 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 last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in Lument Finance Trust during the third quarter valued at approximately $32,000. Finally, Foundations Investment Advisors LLC lifted its holdings in Lument Finance Trust by 32.2% in the fourth quarter. Foundations Investment Advisors LLC now owns 60,378 shares of the technology company’s stock valued at $156,000 after acquiring an additional 14,721 shares during the period. Institutional investors and hedge funds own 19.45% of the company’s stock.

Lument Finance Trust Stock Performance

LFT stock traded down $0.05 during trading on Thursday, reaching $2.69. The company had a trading volume of 52,764 shares, compared to its average volume of 101,186. The company has a market cap of $140.40 million, a price-to-earnings ratio of 7.46 and a beta of 1.07. Lument Finance Trust has a twelve month low of $2.16 and a twelve month high of $2.80. The company has a debt-to-equity ratio of 5.39, a quick ratio of 6.29 and a current ratio of 6.29. The firm has a 50-day simple moving average of $2.64 and a 200-day simple moving average of $2.58.

Lument Finance Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 13.41%. The ex-dividend date of this dividend was Tuesday, December 31st. Lument Finance Trust’s payout ratio is 88.89%.

About Lument Finance Trust

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.