Barclays PLC Makes New Investment in Lument Finance Trust, Inc. (NYSE:LFT)

Barclays PLC acquired a new position in Lument Finance Trust, Inc. (NYSE:LFT) during the third quarter, HoldingsChannel reports. The fund acquired 47,462 shares of the technology company’s stock, valued at approximately $120,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV acquired a new position in shares of Lument Finance Trust during the second quarter valued at $27,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Lument Finance Trust during the 3rd quarter valued at about $32,000. Sei Investments Co. acquired a new position in Lument Finance Trust during the 2nd quarter valued at about $54,000. Acadian Asset Management LLC bought a new position in shares of Lument Finance Trust in the 2nd quarter valued at about $55,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Lument Finance Trust by 72.4% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 26,198 shares of the technology company’s stock worth $66,000 after buying an additional 11,001 shares during the period. Institutional investors and hedge funds own 19.45% of the company’s stock.

Analyst Upgrades and Downgrades

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

Lument Finance Trust Stock Down 4.7 %

Shares of Lument Finance Trust stock opened at $2.46 on Thursday. The business has a fifty day simple moving average of $2.59 and a 200 day simple moving average of $2.54. The stock has a market cap of $128.64 million, a PE ratio of 6.83 and a beta of 1.07. The company has a quick ratio of 6.29, a current ratio of 6.29 and a debt-to-equity ratio of 5.39. Lument Finance Trust, Inc. has a 12 month low of $2.16 and a 12 month high of $2.79.

Lument Finance Trust (NYSE:LFT) last released its quarterly earnings data on Tuesday, November 12th. The technology company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The business had revenue of $28.93 million during the quarter, compared to the consensus estimate 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 in the prior year, the company posted $0.11 earnings per share. Research analysts predict that Lument Finance Trust, Inc. will post 0.42 EPS for the current year.

Lument Finance Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.09 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.36 dividend on an annualized basis and a yield of 14.63%. Lument Finance Trust’s dividend payout ratio is presently 88.89%.

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.