Lument Finance Trust (NYSE:LFT) Stock Crosses Above 200 Day Moving Average of $2.25

Lument Finance Trust, Inc. (NYSE:LFT) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.25 and traded as high as $2.35. Lument Finance Trust shares last traded at $2.31, with a volume of 27,145 shares trading hands.

Lument Finance Trust Price Performance

The company has a fifty day simple moving average of $2.34 and a two-hundred day simple moving average of $2.25. The company has a debt-to-equity ratio of 6.50, a quick ratio of 4.05 and a current ratio of 4.05. The company has a market capitalization of $120.70 million, a price-to-earnings ratio of 7.70 and a beta of 1.07.

Lument Finance Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.28 annualized dividend and a yield of 12.12%. Lument Finance Trust’s dividend payout ratio (DPR) is presently 93.33%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Arlington Trust Co LLC acquired a new position in Lument Finance Trust in the 4th quarter valued at $26,000. Hillsdale Investment Management Inc. acquired a new stake in shares of Lument Finance Trust during the 4th quarter worth $83,000. Johnson Investment Counsel Inc. increased its holdings in shares of Lument Finance Trust by 10.1% during the 3rd quarter. Johnson Investment Counsel Inc. now owns 81,613 shares of the technology company’s stock worth $170,000 after buying an additional 7,500 shares during the last quarter. Foundations Investment Advisors LLC acquired a new stake in shares of Lument Finance Trust during the 4th quarter worth $211,000. Finally, Melia Wealth LLC acquired a new stake in shares of Lument Finance Trust during the 1st quarter worth $489,000. 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.