Lument Finance Trust (NYSE:LFT) Stock Price Passes Above 200-Day Moving Average of $2.24

Lument Finance Trust, Inc. (NYSE:LFT) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.24 and traded as high as $2.54. Lument Finance Trust shares last traded at $2.45, with a volume of 105,672 shares.

Lument Finance Trust Stock Performance

The company has a debt-to-equity ratio of 6.50, a quick ratio of 4.05 and a current ratio of 4.05. The stock has a market capitalization of $119.65 million, a PE ratio of 7.93 and a beta of 1.07. The firm’s 50 day moving average is $2.33 and its two-hundred day moving average is $2.24.

Lument Finance Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 12.23%. The ex-dividend date was Wednesday, March 27th. Lument Finance Trust’s dividend payout ratio (DPR) is presently 93.33%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Johnson Investment Counsel Inc. boosted its holdings in shares of Lument Finance Trust by 10.1% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 81,613 shares of the technology company’s stock valued at $170,000 after buying an additional 7,500 shares in the last quarter. Citadel Advisors LLC boosted its holdings in shares of Lument Finance Trust by 27.8% in the 4th quarter. Citadel Advisors LLC now owns 38,817 shares of the technology company’s stock valued at $90,000 after buying an additional 8,453 shares in the last quarter. Arlington Trust Co LLC acquired a new position in shares of Lument Finance Trust in the 4th quarter valued at $26,000. Vanguard Group Inc. boosted its holdings in shares of Lument Finance Trust by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 1,389,516 shares of the technology company’s stock valued at $2,890,000 after buying an additional 22,444 shares in the last quarter. Finally, Cerity Partners LLC acquired a new position in shares of Lument Finance Trust in the 2nd quarter valued at $45,000. Institutional investors and hedge funds own 19.45% of the company’s stock.

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.