Profile
Sector:
Real EstateIndustry:
MortgageCountry:
United StatesIPO:
22 March 2013Website:
http://lumentfinancetrust.comNext earnings report:
14 March 2025Last dividends:
30 September 2024Next dividends:
N/APrice
pre-market | 22 min agoAnalysts recommendations
Institutional Ownership
LFT Latest News
Lument Financial Trust's 3Q24 results showed stable net interest income but highlighted ongoing challenges with 2021 loans and potential refinancing at less favorable rates. The company's valuation appears attractive due to a significant discount to book value and a high dividend yield, though both have notable risks. Management remains cautious about the stressed 2021 loan book and the uncertain macroeconomic environment, impacting future earnings and refinancing prospects.
Lument (LFT) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Lument Finance Trust, Inc. (LFT) Q3 2024 Earnings Call Transcript
Lument Finance (LFT) came out with quarterly earnings of $0.10 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.11 per share a year ago.
NEW YORK , Nov. 5, 2024 /PRNewswire/ -- Lument Finance Trust, Inc. (NYSE: LFT) ("we,"; "LFT" or "the Company") announced today that it expects to file its Quarterly Report on Form 10-Q for the quarter ended September 30, 2024 with the Securities and Exchange Commission on Tuesday, November 12, 2024, after the market closes, and invites investors and other interested parties to listen to its live conference call via telephone or webcast on Wednesday, November 13, 2024 at 8:30 a.m. eastern time.
NEW YORK , Sept. 16, 2024 /PRNewswire/ -- Lument Finance Trust, Inc. (NYSE: LFT) ("LFT" or the "Company") announced the declaration of a cash dividend of $0.08 per share of common stock with respect to the third quarter of 2024.
Lument Finance Trust's 2Q24 results showed a shrinking loan book and some loans entering non-accrual status. Still, maturity risk remains muted. The company's valuation and rating remained at two holds in the latest analysis. The 2021 CLO finished its reinvestment period, impacting Lument's loan portfolio in the second quarter and in the quarters ahead.
Lument Finance (LFT) came out with quarterly earnings of $0.09 per share, missing the Zacks Consensus Estimate of $0.11 per share. This compares to earnings of $0.04 per share a year ago.
NEW YORK , Aug. 12, 2024 /PRNewswire/ -- Lument Finance Trust, Inc. (NYSE: LFT) ("we", "LFT" or "the Company") today reported its second quarter results. GAAP net income attributable to common shareholders for the second quarter was $3.4 million, or $0.07 per share of common stock.
NEW YORK , Aug. 6, 2024 /PRNewswire/ -- Lument Finance Trust, Inc. (NYSE: LFT) ("we,"; "LFT" or "the Company") announced today that it expects to file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2024 with the Securities and Exchange Commission on Monday, August 12, 2024, after the market closes, and invites investors and other interested parties to listen to its live conference call via telephone or webcast on Tuesday, August 13, 2024 at 1:00 p.m. eastern time.
What type of business is 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. Lument Finance Trust, Inc. is qualified as a real estate investment trust (REIT) under the Internal Revenue Code of 1986. As a REIT, it would not be subject to federal income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was formerly known as Hunt Companies Finance Trust, Inc. and changed its name to Lument Finance Trust, Inc. in December 2020. Lument Finance Trust, Inc. was incorporated in 2012 and is headquartered in New York, New York.
What sector is Lument Finance Trust in?
Lument Finance Trust is in the Real Estate sector
What industry is Lument Finance Trust in?
Lument Finance Trust is in the Mortgage industry
What country is Lument Finance Trust from?
Lument Finance Trust is headquartered in United States
When did Lument Finance Trust go public?
Lument Finance Trust initial public offering (IPO) was on 22 March 2013
What is Lument Finance Trust website?
https://lumentfinancetrust.com
Is Lument Finance Trust in the S&P 500?
No, Lument Finance Trust is not included in the S&P 500 index
Is Lument Finance Trust in the NASDAQ 100?
No, Lument Finance Trust is not included in the NASDAQ 100 index
Is Lument Finance Trust in the Dow Jones?
No, Lument Finance Trust is not included in the Dow Jones index
When was Lument Finance Trust the previous earnings report?
No data
When does Lument Finance Trust earnings report?
The next expected earnings date for Lument Finance Trust is 14 March 2025