Lument Finance Trust (NYSE:LFT – Get Score) is scheduled to launch its earnings data immediately after the market place closes on Monday, Could 9th. Analysts assume Lument Finance Rely on to article earnings of $.09 for every share for the quarter.
Lument Finance Trust (NYSE:LFT – Get Rating) very last introduced its quarterly earnings facts on Tuesday, March 15th. The technological innovation firm documented $.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $.10 by $.01. Lument Finance Belief experienced a net margin of 27.07% and a return on equity of 9.64%. On regular, analysts assume Lument Finance Have faith in to write-up $ EPS for the current fiscal 12 months and $ EPS for the up coming fiscal yr.
Shares of NYSE:LFT traded up $.02 throughout midday trading on Friday, achieving $2.62. 493 shares of the organization had been exchanged, in comparison to its typical volume of 103,549. Lument Finance Have faith in has a 1 year small of $2.53 and a a person 12 months superior of $4.48. The company has a existing ratio of 3.09, a quick ratio of 3.09 and a financial debt-to-equity ratio of 7.79. The business’s fifty day shifting regular is $2.83 and its two-hundred working day transferring regular is $3.34. The stock has a market place cap of $136.82 million, a PE ratio of 8.67 and a beta of 1.18.
The company also not too long ago disclosed a quarterly dividend, which was paid on Friday, April 15th. Shareholders of history on Thursday, March 31st have been specified a dividend of $.06 per share. The ex-dividend date of this dividend was Wednesday, March 30th. This signifies a $.24 annualized dividend and a yield of 9.16%. Lument Finance Trust’s dividend payout ratio (DPR) is presently 80.00%.
In associated information, CEO James Peter Flynn ordered 13,500 shares of the business’s stock in a transaction that occurred on Monday, March 21st. The inventory was acquired at an common value of $2.82 for each share, with a overall benefit of $38,070.00. The invest in was disclosed in a lawful filing with the SEC, which is available by this hyperlink. Also, Director James Christopher Hunt ordered 15,000 shares of the business’s stock in a transaction that transpired on Monday, March 21st. The inventory was bought at an typical cost of $2.79 per share, with a total worth of $41,850.00. The disclosure for this buy can be discovered here. Above the past ninety days, insiders have acquired 35,500 shares of business stock valued at $99,690. Insiders individual 2.00% of the company’s inventory.
A hedge fund a short while ago elevated its stake in Lument Finance Trust stock. BlackRock Inc. elevated its stake in Lument Finance Believe in, Inc. (NYSE:LFT – Get Ranking) by 3.1% in the 4th quarter, according to the corporation in its most latest submitting with the SEC. The institutional investor owned 172,876 shares of the technologies company’s inventory following getting an additional 5,260 shares for the duration of the quarter. BlackRock Inc. owned about .69% of Lument Finance Have confidence in worth $664,000 at the stop of the most current reporting period. 59.65% of the stock is at the moment owned by hedge cash and other institutional buyers.
Various investigation analysts just lately commented on the inventory. Raymond James lowered their cost focus on on shares of Lument Finance Have faith in from $4.50 to $3.75 and established an “outperform” score on the stock in a investigation take note on Thursday, March 17th. Zacks Expense Research upgraded shares of Lument Finance Belief from a “sell” rating to a “hold” rating in a study note on Tuesday, April 12th. Lastly, LADENBURG THALM/SH SH cut shares of Lument Finance Have confidence in from a “buy” rating to a “neutral” score in a investigation note on Thursday, March 17th. Two investment analysts have rated the inventory with a hold ranking and four have assigned a invest in ranking to the company’s inventory. Based mostly on knowledge from MarketBeat.com, Lument Finance Trust presently has a consensus ranking of “Buy” and an average goal price tag of $4.35.
Lument Finance Have confidence in Corporation Profile (Get Score)
Lument Finance Believe in, Inc, a real estate investment trust, focuses on investing in, financing, and controlling a portfolio of commercial genuine estate (CRE) financial debt investments in the United States. The corporation largely invests in transitional floating amount commercial mortgage loans on center current market multi-spouse and children belongings and other CRE -relevant investments, including mezzanine financial loans, preferred fairness, commercial mortgage loan-backed securities, mounted rate financial loans, building loans, and other CRE credit card debt devices.
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