Lument Finance Trust (NYSE:LFT) Stock Price Passes Above 200-Day Moving Average of $2.24

Lument Finance Trust, Inc. (NYSE:LFT)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $2.24 and traded as high as $2.54. Lument Finance Trust shares last traded at $2.45, with a volume of 105,672 shares changing hands.

Lument Finance Trust Price Performance

The company has a debt-to-equity ratio of 6.50, a quick ratio of 4.05 and a current ratio of 4.05. The business’s 50 day simple moving average is $2.33 and its 200-day simple moving average is $2.24. The stock has a market capitalization of $119.65 million, a price-to-earnings ratio of 7.93 and a beta of 1.07.

Lument Finance Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 12.23%. The ex-dividend date of this dividend was Wednesday, March 27th. Lument Finance Trust’s payout ratio is 93.33%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Johnson Investment Counsel Inc. boosted its stake in Lument Finance Trust by 10.1% during the 3rd quarter. Johnson Investment Counsel Inc. now owns 81,613 shares of the technology company’s stock valued at $170,000 after purchasing an additional 7,500 shares during the period. Arlington Trust Co LLC acquired a new stake in shares of Lument Finance Trust in the 4th quarter worth approximately $26,000. Punch & Associates Investment Management Inc. lifted its stake in shares of Lument Finance Trust by 4.8% in the 3rd quarter. Punch & Associates Investment Management Inc. now owns 1,658,087 shares of the technology company’s stock worth $3,449,000 after acquiring an additional 75,325 shares during the period. State Street Corp lifted its stake in shares of Lument Finance Trust by 89.5% in the 2nd quarter. State Street Corp now owns 82,360 shares of the technology company’s stock worth $201,000 after acquiring an additional 38,898 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of Lument Finance Trust by 115.2% in the 1st quarter. Northern Trust Corp now owns 68,495 shares of the technology company’s stock worth $188,000 after acquiring an additional 36,668 shares during the period. 19.45% of the stock is owned by institutional investors and hedge funds.

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.