Lument Finance Trust (NYSE:LFT) Posts Quarterly Earnings Results, Misses Expectations By $0.53 EPS

Lument Finance Trust (NYSE:LFT) announced its earnings results on Thursday. The technology company reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.40 by ($0.53), Zacks reports. Lument Finance Trust had a positive return on equity of 0.86% and a negative net margin of 18.00%.

Lument Finance Trust Price Performance

Shares of LFT stock traded up $0.13 during trading hours on Thursday, reaching $4.46. 18,378 shares of the company were exchanged, compared to its average volume of 15,241. Lument Finance Trust has a fifty-two week low of $3.85 and a fifty-two week high of $16.45. The stock’s fifty day moving average is $5.15 and its two-hundred day moving average is $9.49. The company has a debt-to-equity ratio of 6.11, a current ratio of 5.98 and a quick ratio of 5.98.

Lument Finance Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st were given a dividend of $0.4922 per share. The ex-dividend date was Thursday, October 1st. This is a positive change from Lument Finance Trust’s previous quarterly dividend of $0.40. This represents a $1.97 dividend on an annualized basis and a dividend yield of 44.1%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Lument Finance Trust in a research note on Monday, September 14th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Lument Finance Trust Company Profile

Lument Finance Trust, Inc. is a real estate investment trust that focuses primarily on financing multifamily and other commercial real estate properties. The company invests in mortgage loans and related real estate debt investments, with an emphasis on generating income from a diversified portfolio of commercial real estate credit assets. Its investments generally include floating-rate, first-mortgage loans secured by multifamily properties, as well as other commercial real estate loans and mortgage-related securities.