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

Lument Finance Trust (NYSE:LFT) announced its quarterly earnings data on Wednesday. The technology company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01, Zacks reports. Lument Finance Trust had a net margin of 18.19% and a return on equity of 14.41%.

Lument Finance Trust Stock Performance

Shares of LFT traded up $0.02 during trading hours on Wednesday, reaching $2.77. 112,919 shares of the company traded hands, compared to its average volume of 102,747. The stock has a market capitalization of $144.85 million, a P/E ratio of 7.69 and a beta of 1.05. The company has a quick ratio of 6.29, a current ratio of 6.29 and a debt-to-equity ratio of 5.39. Lument Finance Trust has a 12-month low of $2.16 and a 12-month high of $2.80. The business has a fifty day moving average price of $2.66 and a 200-day moving average price of $2.59.

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.