Lument Finance Trust (NYSE:LFT – Get Free Report) released its quarterly earnings results on Tuesday. The technology company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.09 by $0.01, Zacks reports. Lument Finance Trust had a net margin of 18.19% and a return on equity of 14.41%. The business had revenue of $28.93 million for the quarter, compared to the consensus estimate of $9.06 million. During the same period in the prior year, the company posted $0.11 earnings per share.
Lument Finance Trust Trading Up 2.0 %
Shares of NYSE:LFT traded up $0.05 during trading on Friday, reaching $2.51. The stock had a trading volume of 40,174 shares, compared to its average volume of 90,862. Lument Finance Trust has a 52 week low of $2.00 and a 52 week high of $2.75. The company has a debt-to-equity ratio of 5.39, a quick ratio of 5.78 and a current ratio of 6.29. The firm’s fifty day moving average is $2.51 and its 200 day moving average is $2.49. The stock has a market cap of $131.25 million, a price-to-earnings ratio of 7.03 and a beta of 1.07.
Lument Finance Trust Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 12.75%. The ex-dividend date was Monday, September 30th. Lument Finance Trust’s dividend payout ratio is currently 88.89%.
Analyst Ratings Changes
Check Out Our Latest Report on Lument Finance Trust
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.
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