Lument Finance Trust, Inc. (NYSE:LFT) Short Interest Update

Lument Finance Trust, Inc. (NYSE:LFT) was the recipient of a significant growth in short interest in April. As of April 15th, there was short interest totalling 37,600 shares, a growth of 74.9% from the March 31st total of 21,500 shares. Based on an average daily volume of 69,700 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Arlington Trust Co LLC bought a new stake in shares of Lument Finance Trust during the 4th quarter worth about $26,000. Hillsdale Investment Management Inc. bought a new stake in shares of Lument Finance Trust during the 4th quarter worth about $83,000. Johnson Investment Counsel Inc. boosted its stake in shares of Lument Finance Trust by 10.1% during the 3rd quarter. Johnson Investment Counsel Inc. now owns 81,613 shares of the technology company’s stock worth $170,000 after acquiring an additional 7,500 shares in the last quarter. Foundations Investment Advisors LLC bought a new stake in shares of Lument Finance Trust during the 4th quarter worth about $211,000. Finally, Melia Wealth LLC bought a new stake in shares of Lument Finance Trust during the 1st quarter worth about $489,000. Hedge funds and other institutional investors own 19.45% of the company’s stock.

Lument Finance Trust Stock Performance

Shares of NYSE LFT opened at $2.37 on Monday. The business’s 50-day moving average price is $2.35 and its two-hundred day moving average price is $2.26. The company has a debt-to-equity ratio of 6.50, a current ratio of 4.05 and a quick ratio of 4.05. Lument Finance Trust has a one year low of $1.53 and a one year high of $2.56. The company has a market capitalization of $123.83 million, a P/E ratio of 7.90 and a beta of 1.07.

Lument Finance Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a $0.07 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.28 dividend on an annualized basis and a yield of 11.81%. Lument Finance Trust’s dividend payout ratio (DPR) is currently 93.33%.

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.