Lument Finance Trust (NYSE: LFT – Get a rating) was downgraded by stock analysts Piper Sandler from an “overweight” rating to a “neutral” rating in a research note released Tuesday, Fly reports. They currently have a price target of $2.75 on shares of the tech company, down from their previous price target of $3.00. Piper Sandler’s target price would suggest a potential upside of 7.42% from the company’s previous close.
Separately, JMP Securities reissued a “buy” rating and set a price target of $3.25 on shares of Lument Finance Trust in a research note on Friday, August 19. Two analysts gave the stock a hold rating and three gave the stock a buy rating. According to MarketBeat.com, Lument Finance Trust currently has an average rating of “Moderate Buy” and a consensus price target of $3.56.
Lument Finance Trust trades down 1.9%
Lument Finance Trust shares opened at $2.56 on Tuesday. Lument Finance Trust has a 12 month minimum of $2.25 and a 12 month maximum of $4.19. The company has a current ratio of 11.25, a quick ratio of 11.25 and a debt ratio of 4.58. The stock has a market capitalization of $133.71 million, a PE ratio of 10.67 and a beta of 1.16. The company has a 50-day moving average of $2.53 and a 200-day moving average of $2.67.
Hedge funds weigh on Lument Finance Trust
A d Investment trends
Stop Buying Stocks…Until You Read This
Rare market events have just created a huge opportunity for investors. A free report, prepared for you, details everything you need to know.
Several hedge funds and other institutional investors have recently changed their positions in LFT. KG&L Capital Management LLC acquired a new equity position in Lument Finance Trust during Q1 worth $33,000. SVB Wealth LLC acquired a new position in Lument Finance Trust in Q2 worth $54,000. Charles Schwab Investment Management Inc. acquired a new position in Lument Finance Trust in Q1 worth $66,000. Raymond James Financial Services Advisors Inc. acquired a new position in Lument Finance Trust in Q4 worth $70,000. Finally, Northern Trust Corp increased its stake in Lument Finance Trust by 115.2% in the 1st quarter. Northern Trust Corp now owns 68,495 shares of the technology company worth $188,000 after buying 36,668 more shares last quarter. Institutional investors and hedge funds hold 48.39% of the company’s shares.
About Lument Finance Trust
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 stocks, commercial mortgage-backed securities, fixed rate loans, construction loans, and other CRE debt instruments.
Featured Articles
This instant news alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected].
Before you consider Lument Finance Trust, you’ll want to hear this.
MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market ripples…and Lument Finance Trust didn’t make the list.
While Lument Finance Trust currently has a “moderate buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the five actions here
Comments are closed.