Intel stock spikes after report of possible US government stake
Investing.com - JMP Securities lowered its price target on Lument Finance Trust (NYSE:LFT) to $2.75 from $3.25 on Monday, while maintaining a Market Outperform rating on the stock. The stock, currently trading near its 52-week low at $2.10, appears undervalued according to InvestingPro analysis, which shows a P/B ratio of just 0.63.
The price target reduction follows Lument’s second-quarter results released on August 8, which showed distributable earnings per share of $0.05, falling below the consensus estimate of $0.08 and JMP’s estimate of $0.07.
Lument’s book value per share remained relatively stable at $3.27 as of June 30, compared to $3.29 at the end of March. The company reset its quarterly dividend lower to $0.06 per share, with second-quarter distributable earnings covering only 83% of the dividend.
Despite the lowered price target, JMP maintained its Market Outperform rating, noting that the new target represents 0.84 times book value and 19% upside from current levels. The firm believes Lument’s affordable housing focus positions it well for when the commercial real estate market stabilizes.
JMP projects that Lument shares could provide a potential 12-month total return of approximately 42%, comprising 32% price appreciation and a projected cash yield of 10.4% based on the new dividend rate.
In other recent news, Lument Finance Trust Inc. announced its financial results for the second quarter of 2025. The company reported earnings per share of $0.05, which did not meet the forecasted $0.08. Revenue also fell short of expectations, totaling $6.96 million against the anticipated $10.12 million. These results reflect the challenges the company faced during the quarter. The financial performance has garnered attention from investors and analysts alike. Analysts from various firms are closely monitoring these developments for potential impacts. The earnings miss is a significant factor for stakeholders to consider in their assessments. As the company navigates these results, further analysis from financial experts is expected. These developments are part of the ongoing story for Lument Finance Trust Inc.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.