Lument Finance Trust Inc: Raymond James starts with 'buy' on growth prospects

Lument Finance Trust

15/06/2021 12:49

** Shares of real estate investment trust firm  LFT.N  up
1.42% at $4.22 in premarket trading
    ** Raymond James starts coverage with "outperform" rating,
$4.5 PT
    ** Brokerage believes risk-reward ratio compelling given
co's attractive portfolio characteristics, growth outlook
following recent capital raise and attractive valuation
    ** Adds that through the COVID-19 pandemic, LFT has not
experienced any defaults and has not granted any forbearance to
borrowers 
    ** Raymond also sees FY21 and FY22 EPS of 33 cents per share
and 44 cents respectively  
    ** The current average analyst rating on the shares is
"buy"; their median PT is $4.5-Refinitiv data
    ** Up to Monday's close, stock had risen 29% YTD

 (Reporting by Amal S in Bengaluru)
 ((Amal.S@thomsonreuters.com; within U.S.+1 646 223 8780;
outside U.S. +91 80 6749 3677;))