Lument Finance Trust, Inc. (LFT) to Issue Quarterly Dividend of $0.09 on January 15th

Lument Finance Trust, Inc. (NYSE:LFT) declared a quarterly dividend on Thursday, December 12th,NASDAQ Dividends reports. Shareholders of record on Tuesday, December 31st will be paid 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 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% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research 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 Performance

Shares of LFT stock opened at $2.68 on Friday. The company has a current ratio of 6.29, a quick ratio of 6.29 and a debt-to-equity ratio of 5.39. The company has a market cap of $139.88 million, a PE ratio of 7.43 and a beta of 1.08. The company’s fifty day simple moving average is $2.53 and its 200-day simple moving average is $2.52. Lument Finance Trust has a 52 week low of $2.08 and a 52 week high of $2.75.

Lument Finance Trust (NYSE:LFT) last announced its quarterly earnings results on Tuesday, November 12th. The technology company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01. The firm 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 period in the prior year, the firm earned $0.11 EPS. As a group, equities research analysts anticipate that Lument Finance Trust will post 0.42 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Raymond James cut Lument Finance Trust from an “outperform” rating to a “market perform” rating in a report 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.