Lument Finance Trust, Inc. (NYSE:LFT) Short Interest Up 76.6% in December

Lument Finance Trust, Inc. (NYSE:LFT) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 112,500 shares, a growth of 76.6% from the December 15th total of 63,700 shares. Based on an average daily volume of 113,900 shares, the short-interest ratio is presently 1.0 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in LFT. Barclays PLC acquired a new position in Lument Finance Trust during the 3rd quarter worth approximately $120,000. Glenmede Trust Co. NA purchased a new stake in shares of Lument Finance Trust during the 3rd quarter worth approximately $85,000. Acadian Asset Management LLC purchased a new stake in shares of Lument Finance Trust during the 2nd quarter worth approximately $55,000. Sei Investments Co. purchased a new stake in shares of Lument Finance Trust during the 2nd quarter worth approximately $54,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Lument Finance Trust during the 3rd quarter worth approximately $32,000. Institutional investors and hedge funds own 19.45% of the company’s stock.

Lument Finance Trust Price Performance

Shares of LFT opened at $2.61 on Friday. Lument Finance Trust has a 1-year low of $2.16 and a 1-year high of $2.79. The stock has a market cap of $136.22 million, a PE ratio of 7.24 and a beta of 1.07. The firm has a 50-day simple moving average of $2.59 and a two-hundred day simple moving average of $2.54. The company has a debt-to-equity ratio of 5.39, a current ratio of 6.29 and a quick ratio of 6.29.

Lument Finance Trust (NYSE:LFT) last announced its quarterly earnings results on Tuesday, November 12th. The technology company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The business had revenue of $28.93 million during the quarter, compared to analysts’ expectations of $9.06 million. Lument Finance Trust had a net margin of 18.19% and a return on equity of 14.41%. During the same period last year, the business earned $0.11 earnings per share. As a group, analysts forecast that Lument Finance Trust will post 0.42 EPS for the current year.

Lument Finance Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 13.82%. The ex-dividend date was Tuesday, December 31st. Lument Finance Trust’s dividend payout ratio (DPR) is currently 88.89%.

Analysts Set New Price Targets

Separately, Raymond James cut shares of Lument Finance Trust from an “outperform” rating to a “market perform” rating in a research report on Thursday, September 19th.

Lument Finance Trust Company Profile

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.