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

Lument Finance Trust, Inc. (NYSE:LFT) was the recipient of a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 68,100 shares, a drop of 41.2% from the January 15th total of 115,900 shares. Based on an average daily volume of 123,400 shares, the days-to-cover ratio is currently 0.6 days.

Hedge Funds Weigh In On Lument Finance Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LFT. Geode Capital Management LLC raised its stake in shares of Lument Finance Trust by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 443,701 shares of the technology company’s stock valued at $1,146,000 after purchasing an additional 4,748 shares during the period. Foundations Investment Advisors LLC raised its position 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 valued at $156,000 after buying an additional 14,721 shares during the last quarter. Barclays PLC bought a new stake in Lument Finance Trust in the 3rd quarter valued at approximately $120,000. Glenmede Trust Co. NA acquired a new position in Lument Finance Trust during the 3rd quarter worth approximately $85,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in Lument Finance Trust by 72.4% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 26,198 shares of the technology company’s stock worth $66,000 after acquiring an additional 11,001 shares during the last quarter. 19.45% of the stock is owned by institutional investors and hedge funds.

Lument Finance Trust Trading Up 0.6 %

Shares of Lument Finance Trust stock traded up $0.02 during trading on Thursday, reaching $2.70. 44,699 shares of the company were exchanged, compared to its average volume of 111,846. The business has a 50-day moving average price of $2.63 and a 200-day moving average price of $2.56. The firm has a market capitalization of $140.92 million, a price-to-earnings ratio of 7.49 and a beta of 1.07. 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 twelve month low of $2.16 and a twelve month high of $2.79.

Lument Finance Trust (NYSE:LFT) last announced its quarterly earnings results on Tuesday, November 12th. The technology company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The company had revenue of $28.93 million during the quarter, compared to analysts’ expectations of $9.06 million. Lument Finance Trust had a return on equity of 14.41% and a net margin of 18.19%. During the same period in the prior year, the business posted $0.11 EPS. Sell-side analysts anticipate that Lument Finance Trust will post 0.42 EPS for the current fiscal year.

Lument Finance Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a dividend of $0.09 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.36 dividend on an annualized basis and a dividend yield of 13.36%. 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.