Lument Finance Trust (NYSE: LFT – Get a rating)The stock had its “buy” rating reissued by research analysts at JMP Securities in a research note released Friday to investors. They currently have a target price of $3.25 on shares of the tech company. JMP Securities’ price target would indicate a potential upside of 25.97% from the company’s previous close.
Lument Finance Trust Share Performance
LFT stock was down $0.04 midday Friday, hitting $2.58. 33,712 shares of the company were traded, compared to its average volume of 35,698. Lument Finance Trust has a 52-week low of $2.25 and a 52-week high of $4.19. The stock has a market capitalization of $134.75 million, a P/E ratio of 10.75 and a beta of 1.16. The company has a current ratio of 6.64, a quick ratio of 6.64 and a debt ratio of 4.58. The stock’s 50-day moving average is $2.50 and its 200-day moving average is $2.70.
Institutional entries and exits
Institutional investors have recently increased or reduced their stake in the stock. Deltec Asset Management LLC increased its position in Lument Finance Trust by 140.7% during the 1st quarter. Deltec Asset Management LLC now owns 827,430 shares of the technology company valued at $2,267,000 after purchasing an additional 483,703 shares during the period. KG&L Capital Management LLC bought a new position in Lument Finance Trust during Q1 worth approximately $33,000. Raymond James Financial Services Advisors Inc. bought a new position in Lument Finance Trust during Q4 worth approximately $70,000. Advisor Group Holdings Inc. increased its holdings of Lument Finance Trust shares by 28.6% in Q4. Advisor Group Holdings Inc. now owns 144,677 shares of the technology company valued at $556,000 after buying 32,142 additional shares last quarter. Finally, Citigroup Inc. acquired a new stake in Lument Finance Trust in Q1 worth approximately $331,000. Hedge funds and other institutional investors own 59.65% of the company’s shares.
Lument Finance Trust Company Profile
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Lument Finance Trust, Inc, a real estate investment trust, is focused on investing, financing and managing a portfolio of commercial real estate (CRE) investments in the United States. The Company invests primarily in transitional variable rate commercial mortgages on mid-market multi-family assets; and other CRE-related investments, including mezzanine loans, preferred shares, commercial mortgage-backed securities, fixed rate loans, construction loans, and other CRE debt instruments .
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