Lument Finance Trust, Inc. (LFT) To Go Ex-Dividend on June 30th

Lument Finance Trust, Inc. (NYSE:LFT) announced a quarterly dividend on Wednesday, June 10th. Shareholders of record on Tuesday, June 30th will be paid a dividend of 0.04 per share by the technology company on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 15.0%. The ex-dividend date of this dividend is Tuesday, June 30th.

Lument Finance Trust has decreased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 2 consecutive years. Lument Finance Trust has a dividend payout ratio of 48.5% indicating that its dividend is sufficiently covered by earnings.

Lument Finance Trust Price Performance

Shares of NYSE LFT opened at $1.07 on Friday. The company has a current ratio of 3.03, a quick ratio of 3.03 and a debt-to-equity ratio of 6.16. Lument Finance Trust has a twelve month low of $1.00 and a twelve month high of $2.65. The stock has a 50 day moving average of $1.17 and a two-hundred day moving average of $1.32. The stock has a market cap of $55.85 million, a P/E ratio of -8.19 and a beta of 0.53.

Lument Finance Trust (NYSE:LFT) last issued its quarterly earnings data on Friday, May 15th. The technology company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.04). Lument Finance Trust had a negative net margin of 2.59% and a positive return on equity of 5.65%. The firm had revenue of ($5.69) million during the quarter, compared to analysts’ expectations of $4.59 million.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Bank of America Corp DE increased its holdings in shares of Lument Finance Trust by 3,989.4% in the second quarter. Bank of America Corp DE now owns 14,640 shares of the technology company’s stock valued at $32,000 after purchasing an additional 14,282 shares during the period. BNP Paribas Financial Markets increased its holdings in shares of Lument Finance Trust by 102.2% in the third quarter. BNP Paribas Financial Markets now owns 19,556 shares of the technology company’s stock valued at $40,000 after purchasing an additional 9,882 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Lument Finance Trust by 4,362.3% in the first quarter. PNC Financial Services Group Inc. now owns 22,133 shares of the technology company’s stock valued at $28,000 after purchasing an additional 21,637 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Lument Finance Trust in the second quarter valued at approximately $55,000. Finally, Goldman Sachs Group Inc. acquired a new position in shares of Lument Finance Trust in the first quarter valued at approximately $66,000. Institutional investors and hedge funds own 19.45% of the company’s stock.

About Lument Finance Trust

Lument Finance Trust is a real estate investment trust that focuses on originating and acquiring senior secured loans backed by commercial real estate properties. Listed on the New York Stock Exchange under the ticker LFT, the company seeks to generate attractive risk‐adjusted returns by targeting floating‐rate, first‐mortgage loans across a broad range of property types, including multifamily, office, retail, industrial and hospitality.

The firm’s core business activity centers on deploying capital into short‐ and medium‐term financing solutions for institutional real estate owners and developers.