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%.
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.
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