Lument Finance Trust (LFT) Receives a Buy from JMP Securities

In a report released yesterday, Steven Delaney from JMP Securities reiterated a Buy rating on Lument Finance Trust (LFTResearch Report), with a price target of $3.25. The company’s shares closed yesterday at $2.03.

Delaney covers the Financial sector, focusing on stocks such as Ares Commercial, Lument Finance Trust, and Ready Capital. According to TipRanks, Delaney has an average return of 7.8% and a 52.99% success rate on recommended stocks.

Currently, the analyst consensus on Lument Finance Trust is a Strong Buy with an average price target of $3.00.

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Based on Lument Finance Trust’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $6.47 million and a net profit of $3.34 million. In comparison, last year the company earned a revenue of $5.35 million and had a net profit of $1.68 million

Based on the recent corporate insider activity of 19 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LFT in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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