In a report released today, Crispin Love from Piper Sandler maintained a Hold rating on Lument Finance Trust (LFT – Research Report), with a price target of $2.50. The company’s shares closed last Friday at $2.37.
Love covers the Real Estate sector, focusing on stocks such as Arbor Realty, PennyMac Mortgage, and AGNC Investment. According to TipRanks, Love has an average return of 9.8% and a 66.25% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lument Finance Trust with a $2.75 average price target.
Based on Lument Finance Trust’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $9.02 million and a net profit of $5.01 million. In comparison, last year the company earned a revenue of $6.98 million and had a net profit of $2.06 million
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Lument Finance Trust (LFT) Company Description:
Hunt Companies Finance Trust, Inc. operates as a real estate investment finance company, which engages in investing, financing, and managing a portfolio of mortgage-backed securities, residential mortgage loans, and other mortgage related investments. Its objective is to attract long-term risk-adjusted returns to its stockholders. The company was founded on March 28, 2012 and is headquartered in New York, NY.
