Lument Finance Trust (NYSE:LFT) Share Price Crosses Above 200-Day Moving Average of $2.24

Lument Finance Trust, Inc. (NYSE:LFT) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.24 and traded as high as $2.54. Lument Finance Trust shares last traded at $2.45, with a volume of 105,672 shares trading hands.

Lument Finance Trust Trading Up 2.9 %

The company has a debt-to-equity ratio of 6.50, a current ratio of 4.05 and a quick ratio of 4.05. The company has a market capitalization of $128.01 million, a price-to-earnings ratio of 8.17 and a beta of 1.07. The business’s 50 day simple moving average is $2.33 and its 200 day simple moving average is $2.24.

Lument Finance Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a $0.07 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.28 dividend on an annualized basis and a yield of 11.43%. Lument Finance Trust’s dividend payout ratio is presently 93.33%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of LFT. Arlington Trust Co LLC acquired a new position in Lument Finance Trust in the fourth quarter valued at $26,000. Cerity Partners LLC acquired a new position in Lument Finance Trust in the second quarter valued at $45,000. Renaissance Technologies LLC acquired a new position in Lument Finance Trust in the second quarter valued at $48,000. SVB Wealth LLC acquired a new position in Lument Finance Trust in the second quarter valued at $54,000. Finally, Charles Schwab Investment Management Inc. acquired a new position in shares of Lument Finance Trust during the first quarter worth about $66,000. 19.45% of the stock is currently owned by institutional investors and hedge funds.

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.