Lument Finance Trust (NYSE:LFT) Downgraded by Raymond James

Lument Finance Trust (NYSE:LFT) was downgraded by stock analysts at Raymond James from an “outperform” rating to a “market perform” rating in a research note issued on Thursday, MarketBeat reports.

Lument Finance Trust Price Performance

Lument Finance Trust stock opened at $2.65 on Thursday. The stock’s fifty day moving average price is $2.53 and its two-hundred day moving average price is $2.45. Lument Finance Trust has a one year low of $1.91 and a one year high of $2.75. The company has a debt-to-equity ratio of 5.64, a current ratio of 5.78 and a quick ratio of 5.78. The firm has a market cap of $138.48 million, a PE ratio of 8.28 and a beta of 1.06.

Lument Finance Trust (NYSE:LFT) last posted its quarterly earnings data on Monday, August 12th. The technology company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). Lument Finance Trust had a return on equity of 14.10% and a net margin of 16.91%. The company had revenue of $30.64 million for the quarter, compared to the consensus estimate of $9.82 million. During the same quarter last year, the business earned $0.04 EPS. As a group, research analysts expect that Lument Finance Trust will post 0.42 EPS for the current fiscal year.

Hedge Funds Weigh In On Lument Finance Trust

Several hedge funds and other institutional investors have recently modified their holdings of LFT. Hillsdale Investment Management Inc. bought a new position in shares of Lument Finance Trust in the 4th quarter valued at $83,000. Melia Wealth LLC bought a new position in shares of Lument Finance Trust in the 1st quarter valued at $489,000. LSV Asset Management bought a new position in shares of Lument Finance Trust in the 1st quarter valued at $41,000. Vanguard Group Inc. increased its stake in shares of 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 valued at $3,879,000 after purchasing an additional 127,887 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new position in shares of Lument Finance Trust in the 2nd quarter valued at $55,000. Institutional investors own 19.45% of the company’s stock.

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.