Hunt Companies Finance Trust (NYSE:HCFT) announced its quarterly earnings results on Monday. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.04), Fidelity Earnings reports. The company had revenue of $4.60 million during the quarter. Hunt Companies Finance Trust had a negative net margin of 10.76% and a positive return on equity of 7.31%.
Shares of NYSE:HCFT opened at $3.57 on Wednesday. Hunt Companies Finance Trust has a 52 week low of $2.55 and a 52 week high of $3.79. The firm has a market capitalization of $84.80 million, a price-to-earnings ratio of -11.52 and a beta of 1.33. The company has a debt-to-equity ratio of 4.55, a current ratio of 20.81 and a quick ratio of 20.81.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 29th will be issued a $0.07 dividend. This is an increase from Hunt Companies Finance Trust’s previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a yield of 7.84%. The ex-dividend date is Thursday, March 28th. Hunt Companies Finance Trust’s payout ratio is currently -77.42%.
A number of brokerages have issued reports on HCFT. Zacks Investment Research upgraded shares of Hunt Companies Finance Trust from a “hold” rating to a “buy” rating and set a $4.00 price target on the stock in a report on Wednesday. JMP Securities upgraded shares of Hunt Companies Finance Trust from a “market perform” rating to a “market outperform” rating and set a $3.75 price target on the stock in a report on Thursday, January 10th. Finally, ValuEngine upgraded shares of Hunt Companies Finance Trust from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd.
In other Hunt Companies Finance Trust news, Director James Christopher Hunt acquired 22,500 shares of the company’s stock in a transaction on Monday, January 7th. The stock was acquired at an average cost of $3.02 per share, with a total value of $67,950.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders acquired a total of 28,054 shares of company stock valued at $84,717 over the last three months. Corporate insiders own 0.92% of the company’s stock.
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Hunt Companies Finance Trust Company Profile
Hunt Companies Finance Trust, Inc, a real estate specialty finance company, focuses on investing in portfolio mortgage-backed securities (MBS), mortgages, and other real estate related assets. It invests in agency and non-agency residential MBS, multi-family MBS, mortgage-servicing rights, and other mortgage-related investments.
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