Lument Finance Trust, Inc. (NYSE:LFT) to Issue $0.09 Quarterly Dividend

Lument Finance Trust, Inc. (NYSE:LFT) announced a quarterly dividend on Thursday, December 12th,NASDAQ Dividends reports. Stockholders of record on Tuesday, December 31st will be given a dividend of 0.09 per share by the technology company on Wednesday, January 15th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 13.46%. The ex-dividend date of this dividend is Tuesday, December 31st.

Lument Finance Trust has decreased its dividend payment by an average of 7.2% annually over the last three years. Lument Finance Trust has a dividend payout ratio of 76.2% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect Lument Finance Trust to earn $0.40 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 80.0%.

Lument Finance Trust Stock Up 2.1 %

NYSE LFT traded up $0.05 during mid-day trading on Friday, reaching $2.68. The stock had a trading volume of 238,490 shares, compared to its average volume of 91,187. The stock has a market cap of $139.88 million, a PE ratio of 7.26 and a beta of 1.08. Lument Finance Trust has a 1 year low of $2.08 and a 1 year high of $2.75. The company has a debt-to-equity ratio of 5.39, a current ratio of 6.29 and a quick ratio of 6.29. The company has a fifty day moving average price of $2.53 and a 200 day moving average price of $2.52.

Lument Finance Trust (NYSE:LFT) last posted its earnings results on Tuesday, November 12th. The technology company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The business had revenue of $28.93 million during the quarter, compared to analyst estimates of $9.06 million. Lument Finance Trust had a return on equity of 14.41% and a net margin of 18.19%. During the same quarter last year, the company earned $0.11 EPS. On average, research analysts expect that Lument Finance Trust will post 0.42 earnings per share for the current year.

Analyst Ratings Changes

Separately, Raymond James cut shares of Lument Finance Trust from an “outperform” rating to a “market perform” rating in a research note on Thursday, September 19th.

Lument Finance Trust Company Profile

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.