Lument Finance Trust, Inc. (NYSE:LFT – Get Free Report) declared a quarterly dividend on Wednesday, June 10th. Stockholders of record on Tuesday, June 30th will be paid a dividend of 0.04 per share by the technology company on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 15.9%. The ex-dividend date is Tuesday, June 30th.
Lument Finance Trust has decreased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Lument Finance Trust has a payout ratio of 48.5% meaning its dividend is sufficiently covered by earnings.
Lument Finance Trust Stock Down 1.5%
LFT stock opened at $1.01 on Thursday. The firm has a 50 day moving average of $1.17 and a 200 day moving average of $1.32. The stock has a market capitalization of $52.70 million, a PE ratio of -7.73 and a beta of 0.53. The company has a quick ratio of 3.03, a current ratio of 3.03 and a debt-to-equity ratio of 6.16. Lument Finance Trust has a 52 week low of $1.00 and a 52 week high of $2.65.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen raised shares of Lument Finance Trust from a “sell” rating to a “hold” rating in a research report on Sunday, March 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Lument Finance Trust currently has an average rating of “Sell”.
Read Our Latest Research Report on Lument Finance Trust
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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