Lument Finance Trust (NYSE:LFT) Releases Earnings Results, Misses Expectations By $0.02 EPS

Lument Finance Trust (NYSE:LFT) announced its quarterly earnings results on Monday. The technology company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02), Zacks reports. Lument Finance Trust had a net margin of 18.19% and a return on equity of 14.41%.

Lument Finance Trust Price Performance

NYSE LFT traded down $0.03 on Monday, hitting $2.63. The stock had a trading volume of 85,747 shares, compared to its average volume of 109,559. Lument Finance Trust has a 52-week low of $2.22 and a 52-week high of $2.84. The company has a debt-to-equity ratio of 5.39, a quick ratio of 6.29 and a current ratio of 6.29. The company has a market capitalization of $137.31 million, a price-to-earnings ratio of 7.29 and a beta of 0.86. The firm has a 50-day moving average of $2.63 and a 200-day moving average of $2.62.

Lument Finance Trust Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 12.19%. The ex-dividend date of this dividend was Monday, March 31st. Lument Finance Trust’s dividend payout ratio is presently 91.43%.

Wall Street Analyst Weigh In

Separately, Jones Trading restated a “hold” rating on shares of Lument Finance Trust in a research note on Tuesday, April 1st.

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.