Lument Finance Trust, Inc. (NYSE:LFT – Get Free Report) CEO James Peter Flynn bought 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were acquired at an average price of $0.61 per share, with a total value of $12,200.00. Following the purchase, the chief executive officer owned 398,939 shares in the company, valued at $243,352.79. This trade represents a 5.28% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
James Peter Flynn also recently made the following trade(s):
- On Wednesday, August 19th, James Peter Flynn bought 24,000 shares of Lument Finance Trust stock. The stock was acquired at an average cost of $0.61 per share, for a total transaction of $14,640.00.
Lument Finance Trust Stock Performance
Shares of NYSE LFT opened at $0.67 on Friday. Lument Finance Trust, Inc. has a 12 month low of $0.58 and a 12 month high of $2.37. The company has a market cap of $34.98 million, a P/E ratio of -1.85 and a beta of 0.56. The business’s 50 day moving average is $0.85 and its two-hundred day moving average is $1.10. The company has a quick ratio of 5.98, a current ratio of 5.98 and a debt-to-equity ratio of 6.11.
Lument Finance Trust (NYSE:LFT – Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The technology company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.16). The business had revenue of ($13.37) million during the quarter, compared to the consensus estimate of $4.59 million. Lument Finance Trust had a negative net margin of 18.00% and a positive return on equity of 0.86%.
Lument Finance Trust Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 24.0%. The ex-dividend date was Tuesday, June 30th. Lument Finance Trust’s dividend payout ratio is presently -44.44%.
Analysts Set New Price Targets
Separately, Weiss Ratings restated a “sell (d)” rating on shares of Lument Finance Trust in a research report on Thursday, June 18th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.
Check Out Our Latest Report on Lument Finance Trust
Hedge Funds Weigh In On Lument Finance Trust
Several institutional investors and hedge funds have recently added to or reduced their stakes in LFT. Vanguard Group Inc. raised its holdings in Lument Finance Trust by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 1,907,084 shares of the technology company’s stock valued at $3,852,000 after acquiring an additional 12,624 shares in the last quarter. Melia Wealth LLC acquired a new stake in shares of Lument Finance Trust during the 2nd quarter worth approximately $1,308,000. Geode Capital Management LLC grew its holdings in shares of Lument Finance Trust by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 1,099,134 shares of the technology company’s stock worth $1,550,000 after purchasing an additional 30,855 shares in the last quarter. State Street Corp grew its holdings in shares of Lument Finance Trust by 4.2% during the 4th quarter. State Street Corp now owns 454,684 shares of the technology company’s stock worth $659,000 after purchasing an additional 18,122 shares in the last quarter. Finally, BlackRock Inc. bought a new stake in shares of Lument Finance Trust during the second quarter valued at approximately $344,000. 19.45% of the stock is currently owned by institutional investors.
About Lument Finance Trust
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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