Lument Finance Trust (NYSE:LFT – Get Free Report) released its earnings results on Monday. The technology company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.02), Zacks reports. The business had revenue of $30.64 million for the quarter, compared to analysts’ expectations of $9.82 million. Lument Finance Trust had a net margin of 16.43% and a return on equity of 12.59%. During the same quarter in the previous year, the business posted $0.04 earnings per share.
Lument Finance Trust Price Performance
Shares of NYSE LFT traded down $0.05 during midday trading on Wednesday, reaching $2.39. The stock had a trading volume of 27,378 shares, compared to its average volume of 92,889. The company has a market capitalization of $124.89 million, a price-to-earnings ratio of 7.50 and a beta of 1.07. The company has a debt-to-equity ratio of 6.05, a quick ratio of 5.35 and a current ratio of 5.35. The stock has a 50-day moving average of $2.52 and a 200-day moving average of $2.42. Lument Finance Trust has a 12-month low of $1.91 and a 12-month high of $2.75.
Lument Finance Trust Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 13.39%. This is a positive change from Lument Finance Trust’s previous quarterly dividend of $0.07. The ex-dividend date was Thursday, June 27th. Lument Finance Trust’s dividend payout ratio is currently 100.00%.
Wall Street Analysts Forecast Growth
Read Our Latest Research Report on Lument Finance Trust
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.
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