Lument Finance Trust (NYSE:LFT) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Lument Finance Trust (NYSE:LFT) issued its quarterly earnings data on Wednesday. The technology company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01, Zacks reports. Lument Finance Trust had a return on equity of 14.41% and a net margin of 18.19%.

Lument Finance Trust Price Performance

Shares of NYSE:LFT traded up $0.02 on Wednesday, hitting $2.77. The company had a trading volume of 112,919 shares, compared to its average volume of 102,747. The business has a 50 day moving average of $2.66 and a 200 day moving average of $2.59. Lument Finance Trust has a 52-week low of $2.16 and a 52-week high of $2.80. The company has a market cap of $144.85 million, a PE ratio of 7.69 and a beta of 1.05. The company has a current ratio of 6.29, a quick ratio of 6.29 and a debt-to-equity ratio of 5.39.

Lument Finance Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 11.55%. Lument Finance Trust’s dividend payout ratio is currently 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.