Lument Finance Trust (NYSE:LFT – Get Free Report) announced its quarterly earnings results on Tuesday. The technology company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01, Zacks reports. Lument Finance Trust had a net margin of 18.19% and a return on equity of 14.41%. The firm had revenue of $28.93 million for the quarter, compared to analyst estimates of $9.06 million. During the same quarter in the previous year, the firm posted $0.11 earnings per share.
Lument Finance Trust Stock Performance
LFT stock traded up $0.04 during midday trading on Friday, reaching $2.50. 41,188 shares of the company were exchanged, compared to its average volume of 90,868. Lument Finance Trust has a one year low of $2.00 and a one year high of $2.75. The firm has a market capitalization of $130.73 million, a price-to-earnings ratio of 7.03 and a beta of 1.07. The business has a 50-day moving average price of $2.51 and a two-hundred day moving average price of $2.49. The company has a debt-to-equity ratio of 5.39, a current ratio of 6.29 and a quick ratio of 5.78.
Lument Finance Trust Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 12.80%. The ex-dividend date was Monday, September 30th. Lument Finance Trust’s dividend payout ratio (DPR) is presently 88.89%.
Analyst Ratings Changes
Read Our Latest Stock Analysis on LFT
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.
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