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Lument Finance Trust Inc (LFT) USD0.01

Sell:$2.43 Buy:$2.44 Change: $0.015 (0.62%)
Market closed |  Prices as at close on 11 October 2024 | Switch to live prices |
Ex-dividend
Sell:$2.43
Buy:$2.44
Change: $0.015 (0.62%)
Deal now Deal for just £11.95 per trade in a Stocks and Shares ISA, Lifetime ISA , SIPP or Fund and Share Account
Deal now
Market closed |  Prices as at close on 11 October 2024 | Switch to live prices |
Ex-dividend
Sell:$2.43
Buy:$2.44
Change: $0.015 (0.62%)
Market closed |  Prices as at close on 11 October 2024 | Switch to live prices |
Ex-dividend
Deal now Deal for just £11.95 per trade in a Stocks and Shares ISA, Lifetime ISA , SIPP or Fund and Share Account
Deal now
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Business summary

Lument Finance Trust, Inc. is a real estate investment trust (REIT). The Company is focused on investing in, originating, financing and managing a portfolio of commercial real estate (CRE) debt investments. It primarily invests or originates in transitional floating rate CRE mortgage loans with an emphasis on middle-market multifamily assets. The Company also invests in other CRE-related investments including mezzanine loans, preferred equity, commercial mortgage-backed securities, fixed rate loans, construction loans and other CRE debt instruments. It finances its investments in transitional multifamily and other CRE loans primarily through matched-term non-recourse secured borrowings, including collateralized loan obligations (CLO). Its mortgage loan investment portfolio consists of approximately 88 senior secured floating rate loans with an aggregate unpaid principal balance of $1.4 billion. The Company is externally managed by its manager, Lument Investment Management, LLC.

Contact details

Address:
230 Park Avenue, 23Rd Floor
NEW YORK
10169
United States
Telephone:
+1 (212) 5882051
Website:
https://www.lumentfinancetrust.com/

Important dates

Future events
There are no future events available.
Past events
There are no past events available.

General stock information

Short code:
LFT
ISIN:
US55025L1089
Market cap:
$125.98 million
Shares in issue:
52.28 million
Sector:
Mortgage REITs
Exchange:
New York Stock Exchange
Country:
United States
Currency:
US dollar
Indices:
n/a

Key personnel

  • James Flynn
    Chairman of the Board, Chief Executive Officer
  • James Henson
    President
  • James Briggs
    Chief Financial Officer
  • Marie Reynolds
    Executive Director

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Business summary, contact details and key personnel provided by Thomson Reuters. Important dates provided by Digital Look Ltd. General stock information provided by Reuters.

Options

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The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.