Melia Wealth LLC Purchases 24,415 Shares of Lument Finance Trust, Inc. (NYSE:LFT)

Melia Wealth LLC boosted its position in Lument Finance Trust, Inc. (NYSE:LFT) by 3.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 727,365 shares of the technology company’s stock after purchasing an additional 24,415 shares during the quarter. Lument Finance Trust comprises about 1.0% of Melia Wealth LLC’s portfolio, making the stock its 16th biggest holding. Melia Wealth LLC’s holdings in Lument Finance Trust were worth $1,877,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in LFT. Raymond James Financial Inc. acquired a new stake in shares of Lument Finance Trust during the fourth quarter worth $48,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Lument Finance Trust in the fourth quarter valued at about $48,000. Barclays PLC acquired a new stake in Lument Finance Trust in the 3rd quarter worth about $120,000. Foundations Investment Advisors LLC raised its stake in Lument Finance Trust by 32.2% in the 4th quarter. Foundations Investment Advisors LLC now owns 60,378 shares of the technology company’s stock worth $156,000 after purchasing an additional 14,721 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Lument Finance Trust by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 438,953 shares of the technology company’s stock valued at $1,111,000 after purchasing an additional 11,718 shares during the period. 19.45% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Jones Trading reaffirmed a “hold” rating on shares of Lument Finance Trust in a report on Tuesday, April 1st.

Lument Finance Trust Stock Performance

NYSE:LFT opened at $2.39 on Friday. The company has a market cap of $124.81 million, a price-to-earnings ratio of 6.63 and a beta of 0.83. Lument Finance Trust, Inc. has a fifty-two week low of $2.22 and a fifty-two week high of $2.84. 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 stock has a fifty day moving average price of $2.67 and a 200-day moving average price of $2.60.

Lument Finance Trust (NYSE:LFT) last posted its quarterly earnings data on Wednesday, March 19th. The technology company reported $0.10 earnings per share for the quarter, hitting the consensus estimate of $0.10. Lument Finance Trust had a net margin of 18.19% and a return on equity of 14.41%. The business had revenue of $9.55 million during the quarter, compared to analysts’ expectations of $8.89 million. As a group, equities analysts anticipate that Lument Finance Trust, Inc. will post 0.42 EPS for the current fiscal year.

Lument Finance Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 13.41%. The ex-dividend date is Monday, March 31st. Lument Finance Trust’s dividend payout ratio is presently 91.43%.

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.