Short Interest in Lument Finance Trust, Inc. (NYSE:LFT) Declines By 38.6%

Lument Finance Trust, Inc. (NYSE:LFT) was the target of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 81,500 shares, a decrease of 38.6% from the October 15th total of 132,800 shares. Based on an average daily trading volume, of 84,000 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Trading of Lument Finance Trust

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Lument Finance Trust by 8.9% in the 1st quarter. Vanguard Group Inc. now owns 1,557,677 shares of the technology company’s stock worth $3,879,000 after purchasing an additional 127,887 shares during the last quarter. Barclays PLC bought a new position in Lument Finance Trust during the third quarter valued at about $120,000. Hillsdale Investment Management Inc. raised its holdings in Lument Finance Trust by 110.7% in the 1st quarter. Hillsdale Investment Management Inc. now owns 75,000 shares of the technology company’s stock valued at $187,000 after acquiring an additional 39,396 shares in the last quarter. Glenmede Trust Co. NA bought a new stake in shares of Lument Finance Trust in the 3rd quarter worth approximately $85,000. Finally, Acadian Asset Management LLC acquired a new stake in shares of Lument Finance Trust during the 2nd quarter worth approximately $55,000. Institutional investors own 19.45% of the company’s stock.

Lument Finance Trust Stock Up 2.4 %

LFT traded up $0.06 during midday trading on Friday, hitting $2.52. 76,071 shares of the company’s stock traded hands, compared to its average volume of 91,029. The company has a debt-to-equity ratio of 5.39, a current ratio of 6.29 and a quick ratio of 5.78. The company has a market cap of $131.78 million, a PE ratio of 6.99 and a beta of 1.07. Lument Finance Trust has a one year low of $2.00 and a one year high of $2.75. The stock’s fifty day simple moving average is $2.51 and its 200-day simple moving average is $2.49.

Lument Finance Trust (NYSE:LFT) last announced its quarterly earnings results on Tuesday, November 12th. The technology company reported $0.10 earnings per share for the quarter, topping 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 quarter in the previous year, the firm earned $0.11 earnings per share. As a group, equities analysts anticipate that Lument Finance Trust will post 0.42 earnings per share for the current fiscal year.

Lument Finance Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 12.70%. The ex-dividend date of this dividend was Monday, September 30th. Lument Finance Trust’s dividend payout ratio is currently 88.89%.

Analyst Upgrades and Downgrades

Separately, Raymond James lowered Lument Finance Trust from an “outperform” rating to a “market perform” rating in a research report on Thursday, September 19th.

Lument Finance Trust Company Profile

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.