Vanguard Group Inc. Purchases 127,887 Shares of Lument Finance Trust, Inc. (NYSE:LFT)

Vanguard Group Inc. lifted its position in shares of Lument Finance Trust, Inc. (NYSE:LFT) by 8.9% during the 1st quarter, HoldingsChannel.com reports. The firm owned 1,557,677 shares of the technology company’s stock after buying an additional 127,887 shares during the quarter. Vanguard Group Inc.’s holdings in Lument Finance Trust were worth $3,879,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in LFT. LSV Asset Management acquired a new stake in Lument Finance Trust in the first quarter valued at $41,000. Hillsdale Investment Management Inc. acquired a new position in Lument Finance Trust during the 4th quarter worth about $83,000. Foundations Investment Advisors LLC bought a new stake in shares of Lument Finance Trust in the 4th quarter valued at about $211,000. Finally, Melia Wealth LLC acquired a new stake in shares of Lument Finance Trust in the first quarter valued at about $489,000. Institutional investors and hedge funds own 19.45% of the company’s stock.

Lument Finance Trust Price Performance

Shares of NYSE LFT opened at $2.57 on Monday. The company has a quick ratio of 5.35, a current ratio of 5.35 and a debt-to-equity ratio of 6.05. The firm has a fifty day simple moving average of $2.52 and a 200 day simple moving average of $2.42. Lument Finance Trust, Inc. has a twelve month low of $1.91 and a twelve month high of $2.75. The company has a market capitalization of $134.30 million, a PE ratio of 8.03 and a beta of 1.07.

Lument Finance Trust (NYSE:LFT) last released its earnings results on Monday, August 12th. The technology company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.02). Lument Finance Trust had a return on equity of 12.59% and a net margin of 16.43%. The business had revenue of $30.64 million for the quarter, compared to analyst estimates of $9.82 million. During the same period in the prior year, the business earned $0.04 EPS. On average, sell-side analysts forecast that Lument Finance Trust, Inc. will post 0.44 EPS for the current year.

Lument Finance Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 12.45%. The ex-dividend date of this dividend was Thursday, June 27th. This is an increase from Lument Finance Trust’s previous quarterly dividend of $0.07. Lument Finance Trust’s payout ratio is presently 100.00%.

Wall Street Analyst Weigh In

Separately, Jonestrading reaffirmed a “buy” rating and issued a $2.50 price objective on shares of Lument Finance Trust in a research note on Monday, May 13th.

About Lument Finance Trust

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.