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

Lument Finance Trust (NYSE:LFT) announced its quarterly earnings data on Tuesday. The technology company reported $0.10 EPS for the quarter, topping the consensus estimate 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 business 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 Up 2.0 %

Shares of NYSE:LFT traded up $0.05 during trading on Friday, hitting $2.51. The stock had a trading volume of 40,174 shares, compared to its average volume of 90,862. The company has a market capitalization of $131.25 million, a PE ratio of 7.03 and a beta of 1.07. The firm’s fifty day moving average is $2.51 and its 200 day moving average is $2.49. Lument Finance Trust has a 12 month low of $2.00 and a 12 month high of $2.75. The company has a quick ratio of 5.78, a current ratio of 6.29 and a debt-to-equity ratio of 5.39.

Lument Finance Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 12.75%. Lument Finance Trust’s dividend payout ratio is presently 88.89%.

Wall Street Analyst Weigh In

Separately, Raymond James cut 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.