Fintel reports that on August 11, 2023, Raymond James maintained coverage of Lument Finance Trust (NYSE:LFT) with a Outperform recommendation.
Analyst Price Forecast Suggests 21.43% Upside
As of August 2, 2023, the average one-year price target for Lument Finance Trust is 2.55. The forecasts range from a low of 2.02 to a high of $3.15. The average price target represents an increase of 21.43% from its latest reported closing price of 2.10.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Lument Finance Trust is 76MM, an increase of 218.23%. The projected annual non-GAAP EPS is 0.26.
Lument Finance Trust Declares $0.06 Dividend
On June 14, 2023 the company declared a regular quarterly dividend of $0.06 per share ($0.24 annualized). Shareholders of record as of June 30, 2023 received the payment on July 17, 2023. Previously, the company paid $0.06 per share.
At the current share price of $2.10 / share, the stock's dividend yield is 11.43%.
Looking back five years and taking a sample every week, the average dividend yield has been 10.55%, the lowest has been 6.42%, and the highest has been 24.01%. The standard deviation of yields is 2.58 (n=236).
The current dividend yield is 0.34 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 1.05. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is -0.20%.
What is the Fund Sentiment?
There are 42 funds or institutions reporting positions in Lument Finance Trust. This is unchanged over the last quarter. Average portfolio weight of all funds dedicated to LFT is 0.05%, a decrease of 13.74%. Total shares owned by institutions decreased in the last three months by 0.11% to 10,536K shares. 
The put/call ratio of LFT is 0.52, indicating a bullish outlook.
What are Other Shareholders Doing?
Axa holds 3,341K shares representing 6.40% ownership of the company. No change in the last quarter.
Punch & Associates Investment Management holds 1,613K shares representing 3.09% ownership of the company. In it's prior filing, the firm reported owning 1,531K shares, representing an increase of 5.06%. The firm increased its portfolio allocation in LFT by 11.45% over the last quarter.
PL Capital Advisors holds 1,577K shares representing 3.02% ownership of the company. No change in the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 737K shares representing 1.41% ownership of the company. No change in the last quarter.
VEXMX - Vanguard Extended Market Index Fund Investor Shares holds 561K shares representing 1.07% ownership of the company. In it's prior filing, the firm reported owning 559K shares, representing an increase of 0.39%. The firm increased its portfolio allocation in LFT by 0.86% over the last quarter.
Lument Finance Trust Background Information
(This description is provided by the company.)
Lument Finance Trust is a real estate investment trust (REIT) focused on commercial real estate debt investments with a strong emphasis on the middle‑market multifamily sector.
Additional reading:
- Lument Finance Trust Reports Second Quarter Results
- August 2023 Lument Finance Trust Q2 2023 Earnings Supplemental
- CREDIT AGREEMENT dated as of July 12, 2023 LMF 2023-1, LLC, as Borrower, MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY, as Lead Lender, and COMPUTERSHARE TRUST COMPANY, N.A., as Loan Agent, WILMINGTON TRUST, NATIONAL ASSOCIATION, as Trustee, VARIOUS FI
- INDENTURE AND SECURITY AGREEMENT dated as of July 12, 2023 by and among LMF 2023-1, LLC, as Issuer LUMENT COMMERCIAL MORTGAGE TRUST, as Advancing Agent WILMINGTON TRUST, NATIONAL ASSOCIATION, as Trustee COMPUTERSHARE TRUST COMPANY, NATIONAL ASSOCIATI
- COLLATERAL MANAGEMENT AGREEMENT
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
