Lument Finance Trust, Inc. (NYSE:LFT) Short Interest Down 62.0% in June

Lument Finance Trust, Inc. (NYSE:LFT) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totaling 489,207 shares, a decrease of 62.0% from the June 15th total of 1,288,272 shares. Based on an average daily volume of 732,654 shares, the days-to-cover ratio is presently 0.7 days. Currently, 1.0% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in LFT. BNP Paribas Financial Markets raised its position in Lument Finance Trust by 102.2% during the third quarter. BNP Paribas Financial Markets now owns 19,556 shares of the technology company’s stock valued at $40,000 after purchasing an additional 9,882 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Lument Finance Trust by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 1,907,084 shares of the technology company’s stock worth $3,852,000 after purchasing an additional 12,624 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Lument Finance Trust by 3,989.4% in the 2nd quarter. Bank of America Corp DE now owns 14,640 shares of the technology company’s stock worth $32,000 after purchasing an additional 14,282 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Lument Finance Trust by 46.2% during the 4th quarter. Wells Fargo & Company MN now owns 51,170 shares of the technology company’s stock valued at $72,000 after purchasing an additional 16,179 shares during the last quarter. Finally, State Street Corp increased its position 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 valued at $659,000 after purchasing an additional 18,122 shares during the last quarter. Institutional investors own 19.45% of the company’s stock.

Lument Finance Trust Stock Performance

Shares of LFT opened at $0.94 on Monday. Lument Finance Trust has a 12-month low of $0.91 and a 12-month high of $2.44. The company has a current ratio of 3.03, a quick ratio of 3.03 and a debt-to-equity ratio of 6.16. The company has a market cap of $49.40 million, a PE ratio of -7.25 and a beta of 0.53. The stock has a 50-day moving average price of $1.05 and a 200-day moving average price of $1.24.

Lument Finance Trust (NYSE:LFT) last posted its quarterly earnings data on Friday, May 15th. The technology company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.04). Lument Finance Trust had a positive return on equity of 5.65% and a negative net margin of 2.59%.The company had revenue of ($5.69) million during the quarter, compared to the consensus estimate of $4.58 million.

Lument Finance Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 17.0%. The ex-dividend date of this dividend is Tuesday, June 30th. Lument Finance Trust’s payout ratio is currently -123.08%.

Analyst Upgrades and Downgrades

Several research analysts have commented on LFT shares. Weiss Ratings reissued a “sell (d)” rating on shares of Lument Finance Trust in a report on Thursday, June 18th. Wall Street Zen raised shares of Lument Finance Trust from a “sell” rating to a “hold” rating in a report on Sunday, March 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

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.