Lument Finance Trust (NYSE:LFT) Upgraded at Wall Street Zen

Lument Finance Trust (NYSE:LFT) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Sunday.

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Lument Finance Trust in a report on Monday, December 29th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Lument Finance Trust presently has an average rating of “Reduce”.

Lument Finance Trust Price Performance

Shares of Lument Finance Trust stock opened at $1.22 on Friday. The stock’s 50-day simple moving average is $1.35 and its 200-day simple moving average is $1.55. Lument Finance Trust has a 52 week low of $1.18 and a 52 week high of $2.77. The company has a market capitalization of $63.67 million, a price-to-earnings ratio of -8.68 and a beta of 0.69. The company has a quick ratio of 6.92, a current ratio of 3.03 and a debt-to-equity ratio of 6.11.

Lument Finance Trust (NYSE:LFT) last released its quarterly earnings data on Monday, March 23rd. The technology company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.30). Lument Finance Trust had a positive return on equity of 7.21% and a negative net margin of 3.47%.The business had revenue of ($3.92) million during the quarter, compared to the consensus estimate of $7.78 million. As a group, analysts expect that Lument Finance Trust will post 0.42 earnings per share for the current fiscal year.

Insider Activity at Lument Finance Trust

In other news, Director Walter C. Keenan acquired 25,000 shares of the business’s stock in a transaction dated Tuesday, December 30th. The stock was purchased at an average price of $1.46 per share, for a total transaction of $36,500.00. Following the completion of the transaction, the director directly owned 197,116 shares in the company, valued at approximately $287,789.36. This trade represents a 14.53% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Lument Finance Trust

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Lument Finance Trust by 0.7% during the third quarter. Vanguard Group Inc. now owns 1,907,084 shares of the technology company’s stock valued at $3,852,000 after buying an additional 12,624 shares during the last quarter. Geode Capital Management LLC increased its stake in Lument Finance Trust by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 1,099,134 shares of the technology company’s stock worth $1,550,000 after acquiring an additional 30,855 shares during the last quarter. Melia Wealth LLC raised its holdings in shares of Lument Finance Trust by 4.4% during the 4th quarter. Melia Wealth LLC now owns 988,137 shares of the technology company’s stock worth $1,393,000 after acquiring an additional 41,731 shares in the last quarter. State Street Corp raised its holdings in shares of Lument Finance Trust by 4.2% during the 4th quarter. State Street Corp now owns 454,684 shares of the technology company’s stock worth $659,000 after acquiring an additional 18,122 shares in the last quarter. Finally, Jane Street Group LLC boosted its position in shares of Lument Finance Trust by 117.0% during the 1st quarter. Jane Street Group LLC now owns 124,754 shares of the technology company’s stock valued at $326,000 after acquiring an additional 67,254 shares during the last quarter. 19.45% of the stock is currently owned by hedge funds and other institutional investors.

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.