Lument Finance Trust - LFT Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Lument Finance Trust in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" LFT shares.
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5 Wall Street analysts have issued 12 month price targets for Lument Finance Trust's shares. Their LFT share price forecasts range from $2.75 to $4.50. On average, they expect the company's share price to reach $3.56 in the next twelve months. This suggests a possible upside of 47.2% from the stock's current price.
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Lument Finance Trust's stock was trading at $3.84 at the start of the year. Since then, LFT stock has decreased by 37.0% and is now trading at $2.42.
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Lument Finance Trust saw a decrease in short interest in the month of August. As of August 15th, there was short interest totaling 55,800 shares, a decrease of 23.9% from the July 31st total of 73,300 shares. Based on an average daily trading volume, of 55,500 shares, the days-to-cover ratio is presently 1.0 days.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 8th 2022.
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Lument Finance Trust, Inc. (NYSE:LFT) released its quarterly earnings data on Monday, May, 9th. The technology company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.09 by $0.04. Lument Finance Trust had a net margin of 25.86% and a trailing twelve-month return on equity of 7.75%. During the same period last year, the company posted $0.11 EPS.

Lument Finance Trust announced a quarterly dividend on Wednesday, June 15th. Stockholders of record on Thursday, June 30th will be paid a dividend of $0.06 per share on Friday, July 15th. This represents a $0.24 dividend on an annualized basis and a yield of 9.92%. The ex-dividend date is Wednesday, June 29th.
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Lument Finance Trust (NYSE:LFT) pays an annual dividend of $0.24 per share and currently has a dividend yield of 9.76%. LFT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 100.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, LFT will have a dividend payout ratio of 82.76% in the coming year. This indicates that the company may not be able to sustain their current dividend.
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Lument Finance Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "LFT."

Lument Finance Trust's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include PL Capital Advisors LLC (3.02%), Clear Harbor Asset Management LLC (0.31%), State Street Corp (0.16%), Millennium Management LLC (0.09%), SVB Wealth LLC (0.04%) and Concourse Financial Group Securities Inc. (0.00%). Insiders that own company stock include James A Briggs, James Christopher Hunt, James Peter Flynn, Walter C Keenan and William A Houlihan.
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Shares of LFT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of LFT stock can currently be purchased for approximately $2.42.

Lument Finance Trust (NYSE:LFT) has a market capitalization of $126.40 million and generates $36.19 million in revenue each year. The technology company earns $10.53 million in net income (profit) each year or $0.24 on an earnings per share basis.

Lument Finance Trust's mailing address is 15/F, Block A, Chuangxin Building Software Park, XIAMEN, FUJ 361005, China. The official website for the company is www.longtop.com. The technology company can be reached via phone at (212) 521-6323 or via email at investorrelations@huntcompanies.com.