Lument Finance Trust, Inc. (NYSE: LFT) sees significant decline in short-term interest


Lument Finance Trust, Inc. (NYSE: LFT) benefited from a sharp decline in overdraft interest during the month of December. As of December 15, there was short interest totaling 31,400 shares, a decrease of 36.7% from the total of 49,600 shares as of November 30. Based on an average daily volume of 55,000 shares, the day / hedge ratio is currently 0.6 days. About 0.1% of stocks are sold short.

LFT traded down $ 0.14 during trading hours on Friday, reaching $ 3.69. 900 shares of the company were traded, for an average volume of 70,531. Lument Finance Trust has a 12-month low of $ 3.09 and a 12-month high of $ 4.48. The company has a 50-day moving average of $ 3.86 and a 200-day moving average of $ 4.00. The company has a market cap of $ 92.06 million, a P / E ratio of 12.77 and a beta of 1.22. The company has a current ratio of 24.30, a quick ratio of 24.30 and a debt ratio of 7.80.

Lument Finance Trust (NYSE: LFT) last reported its quarterly results on Tuesday, November 9. The tech company reported EPS of $ 0.06 for the quarter, missing Zacks’ consensus estimate of $ 0.09 by $ 0.03. Lument Finance Trust had a net margin of 29.77% and a return on equity of 9.57%. In the same quarter of the previous year, the company made a profit of $ 0.11 per share. As a group, research analysts expect Lument Finance Trust to post an EPS of 0.39 for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 18. Shareholders of record on Friday, December 31 will receive a dividend of $ 0.09. This represents an annualized dividend of $ 0.36 and a dividend yield of 9.76%. The ex-dividend date is Thursday, December 30. Lument Finance Trust’s payout ratio is 120.00%.

(A d)

This guide will help you identify and execute an options trading strategy that matches your specific needs and risk profile.

Take your trading to the next level with the Options Strategy Guide.

Several research firms recently commented on LFT. B. Riley began covering Lument Finance Trust in a research note on Friday October 15th. They issued a “buy” note and a price target of $ 4.50 for the company. JMP Securities reissued a “buy” note on Lument Finance Trust shares in a research note on Thursday, November 11. Zacks Investment Research downgraded Lument Finance Trust shares from a “hold” rating to a “sell” rating in a research report released on Tuesday, November 16. Finally, Piper Sandler assumed coverage of Lument Finance Trust shares in a report released on Friday, December 17. They issued an “overweight” rating and a target price of $ 4.50 on the stock. A stock research analyst rated the stock with a sell rating, and six gave the company’s stock a buy rating. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $ 4.50.

A number of large investors have recently changed their holdings of equities. Geode Capital Management LLC increased its stake in Lument Finance Trust by 7.0% during the third quarter. Geode Capital Management LLC now owns 123,847 shares of the tech company valued at $ 490,000 after purchasing an additional 8,101 shares in the last quarter. O Shaughnessy Asset Management LLC increased its position in Lument Finance Trust by 42.1% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 106,192 shares of the tech company valued at $ 421,000 after purchasing an additional 31,438 shares during the period. BlackRock Inc. increased its position in Lument Finance Trust by 34.3% during the 3rd quarter. BlackRock Inc. now owns 167,616 shares of the tech company valued at $ 664,000 after purchasing an additional 42,811 shares during the period. Advisor Group Holdings Inc. increased its position in Lument Finance Trust by 57.9% during the 3rd quarter. Advisor Group Holdings Inc. now owns 112,535 shares of the tech company valued at $ 446,000 after purchasing an additional 41,243 shares during the period. Finally, Ritholtz Wealth Management strengthened its position in Lument Finance Trust by 68.8% during the 3rd quarter. Ritholtz Wealth Management now owns 33,808 shares of the tech company valued at $ 134,000 after purchasing an additional 13,774 shares during the period. Hedge funds and other institutional investors hold 30.60% of the company’s shares.

About Lument Finance Trust

Lument Finance Trust, Inc. operates as a real estate investment finance company, which invests, finances and manages a portfolio of commercial real estate investments (CRE). It invests primarily in transitional variable rate commercial mortgages and other CRE related investments, such as preferred shares; commercial mortgage backed securities; mezzanine, fixed rate and construction loans and; other debt instruments of the CRE.

Read more: Average Daily Trade Volume – What It Means in Stock Trading

This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team before publication. Please send any questions or comments about this story to [email protected]

Should you invest $ 1,000 in Lument Finance Trust now?

Before you consider Lument Finance Trust, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts quietly whisper to their clients to buy now before the broader market takes hold of… and Lument Finance Trust was not on the list.

Although Lument Finance Trust currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better bets.

See the 5 actions here


Comments are closed.