Lument Finance Trust, Inc. (NYSE:LFT – Get Free Report) saw a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 489,207 shares, a decline of 62.0% from the June 15th total of 1,288,272 shares. Based on an average daily trading volume, of 732,654 shares, the short-interest ratio is currently 0.7 days. Currently, 1.0% of the company’s shares are sold short.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the business. Segall Bryant & Hamill LLC acquired a new position in Lument Finance Trust during the first quarter valued at approximately $180,000. PNC Financial Services Group Inc. boosted its stake in Lument Finance Trust by 4,362.3% in the first quarter. PNC Financial Services Group Inc. now owns 22,133 shares of the technology company’s stock valued at $28,000 after buying an additional 21,637 shares in the last quarter. Russell Investments Group Ltd. grew its position in Lument Finance Trust by 302.0% in the fourth quarter. Russell Investments Group Ltd. now owns 32,987 shares of the technology company’s stock valued at $47,000 after acquiring an additional 24,782 shares during the last quarter. State Street Corp raised its stake in Lument Finance Trust by 4.2% during the fourth quarter. State Street Corp now owns 454,684 shares of the technology company’s stock worth $659,000 after acquiring an additional 18,122 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in Lument Finance Trust by 46.2% during the fourth quarter. Wells Fargo & Company MN now owns 51,170 shares of the technology company’s stock worth $72,000 after acquiring an additional 16,179 shares in the last quarter. Institutional investors and hedge funds own 19.45% of the company’s stock.
Lument Finance Trust Stock Down 0.9%
Shares of LFT stock traded down $0.01 during trading on Tuesday, reaching $0.93. The company’s stock had a trading volume of 160,583 shares, compared to its average volume of 209,581. The business has a fifty day moving average price of $1.05 and a 200-day moving average price of $1.24. The company has a quick ratio of 3.03, a current ratio of 3.03 and a debt-to-equity ratio of 6.16. The company has a market cap of $48.51 million, a price-to-earnings ratio of -7.12 and a beta of 0.53. Lument Finance Trust has a one year low of $0.91 and a one year high of $2.44.
Lument Finance Trust Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.04 per share. The ex-dividend date is Tuesday, June 30th. This represents a $0.16 annualized dividend and a yield of 17.3%. Lument Finance Trust’s dividend payout ratio (DPR) is presently -123.08%.
Analysts Set New Price Targets
Several research analysts have weighed in on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Lument Finance Trust in a report on Thursday, June 18th. Wall Street Zen upgraded Lument Finance Trust from a “sell” rating to a “hold” rating in a report on Sunday, March 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Lument Finance Trust currently has an average rating of “Sell”.
Read Our Latest Stock Report on LFT
Lument Finance Trust Company Profile
Lument Finance Trust is a real estate investment trust that focuses on originating and acquiring senior secured loans backed by commercial real estate properties. Listed on the New York Stock Exchange under the ticker LFT, the company seeks to generate attractive risk‐adjusted returns by targeting floating‐rate, first‐mortgage loans across a broad range of property types, including multifamily, office, retail, industrial and hospitality.
The firm’s core business activity centers on deploying capital into short‐ and medium‐term financing solutions for institutional real estate owners and developers.
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