Shares of Hunt Companies Finance Trust Inc (NYSE:HCFT) have been assigned an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy rating.
Brokers have set a 12-month consensus target price of $3.88 for the company, according to Zacks. Zacks has also given Hunt Companies Finance Trust an industry rank of 227 out of 256 based on the ratings given to related companies.
Separately, Zacks Investment Research raised Hunt Companies Finance Trust from a “hold” rating to a “buy” rating and set a $4.00 price target for the company in a research report on Wednesday, March 20th.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. PL Capital Advisors LLC raised its position in shares of Hunt Companies Finance Trust by 13.7% in the 4th quarter. PL Capital Advisors LLC now owns 831,338 shares of the company’s stock worth $2,378,000 after acquiring an additional 100,000 shares in the last quarter. Deltec Asset Management LLC acquired a new position in Hunt Companies Finance Trust during the 4th quarter valued at about $526,000. Acadian Asset Management LLC acquired a new position in Hunt Companies Finance Trust during the 4th quarter valued at about $26,000. Renaissance Technologies LLC acquired a new position in Hunt Companies Finance Trust during the 1st quarter valued at about $153,000. Finally, Punch & Associates Investment Management Inc. acquired a new position in Hunt Companies Finance Trust during the 1st quarter valued at about $611,000. 38.73% of the stock is owned by hedge funds and other institutional investors.
HCFT opened at $3.46 on Monday. The firm has a market capitalization of $81.72 million, a PE ratio of -11.16 and a beta of 1.32. The company has a debt-to-equity ratio of 4.63, a current ratio of 14.07 and a quick ratio of 14.07. Hunt Companies Finance Trust has a 12 month low of $2.76 and a 12 month high of $3.79.
Hunt Companies Finance Trust (NYSE:HCFT) last released its quarterly earnings results on Monday, March 18th. The company reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.04). The company had revenue of $4.60 million during the quarter. Hunt Companies Finance Trust had a positive return on equity of 7.97% and a negative net margin of 34.23%. Research analysts expect that Hunt Companies Finance Trust will post 0.55 earnings per share for the current year.
About Hunt Companies Finance Trust
Hunt Companies Finance Trust, Inc, a real estate specialty finance company, focuses on investing in portfolio mortgage-backed securities (MBS), mortgages, and other real estate related assets. It invests in agency and non-agency residential MBS, multi-family MBS, mortgage-servicing rights, and other mortgage-related investments.
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