Lument Finance Trust, Inc. (NYSE:LFT – Get Free Report) Director William Houlihan purchased 20,000 shares of Lument Finance Trust stock in a transaction dated Tuesday, August 18th. The stock was bought at an average price of $0.60 per share, with a total value of $12,000.00. Following the completion of the transaction, the director owned 300,732 shares of the company’s stock, valued at $180,439.20. This represents a 7.12% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Lument Finance Trust Stock Performance
NYSE:LFT opened at $0.67 on Friday. The business’s fifty day moving average is $0.85 and its 200 day moving average is $1.10. The firm has a market cap of $34.98 million, a price-to-earnings ratio of -1.85 and a beta of 0.56. The company has a debt-to-equity ratio of 6.11, a quick ratio of 5.98 and a current ratio of 5.98. Lument Finance Trust, Inc. has a 52-week low of $0.58 and a 52-week high of $2.37.
Shares of Lument Finance Trust are scheduled to reverse split on the morning of Thursday, September 10th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, September 9th.
Lument Finance Trust Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 24.0%. The ex-dividend date of this dividend was Tuesday, June 30th. Lument Finance Trust’s dividend payout ratio is presently -44.44%.
Analysts Set New Price Targets
Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Lument Finance Trust in a research note on Thursday, June 18th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Lument Finance Trust has a consensus rating of “Sell”.
Institutional Investors Weigh In On Lument Finance Trust
Large investors have recently added to or reduced their stakes in the business. Melia Wealth LLC purchased a new position in Lument Finance Trust during the second quarter worth about $1,308,000. Geode Capital Management LLC increased its stake in Lument Finance Trust by 132.9% in the 2nd quarter. Geode Capital Management LLC now owns 1,058,721 shares of the technology company’s stock worth $2,340,000 after acquiring an additional 604,205 shares during the last quarter. BlackRock Inc. purchased a new stake in shares of Lument Finance Trust in the 2nd quarter valued at about $344,000. Susquehanna International Group LLP raised its holdings in shares of Lument Finance Trust by 957.6% in the 2nd quarter. Susquehanna International Group LLP now owns 182,226 shares of the technology company’s stock valued at $168,000 after acquiring an additional 164,996 shares in the last quarter. Finally, Segall Bryant & Hamill LLC purchased a new stake in shares of Lument Finance Trust in the 1st quarter valued at about $180,000. Institutional investors own 19.45% of the company’s stock.
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.
Featured Articles
- Five stocks we like better than Lument Finance Trust
- 2 Biotech Stocks Shaping Up for Major Breakouts
- 3 Stocks Came Roaring Back—Now They’re Flashing Warning Signs
- 3 Beaten-Down Stocks That Haven’t Gotten the Message About the S&P 500’s Record Run
- Darden Restaurants Just Hit a 52-Week High–Is the Olive Garden Comeback Story Legit?
Receive News & Ratings for Lument Finance Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lument Finance Trust and related companies with MarketBeat.com's FREE daily email newsletter.
