Hunt Companies Finance Trust Inc (NYSE:HCFT) declared a quarterly dividend on Monday, June 10th, Zacks reports. Investors of record on Friday, June 28th will be paid a dividend of 0.075 per share on Monday, July 15th. This represents a $0.30 annualized dividend and a dividend yield of 8.66%. The ex-dividend date of this dividend is Thursday, June 27th. This is a boost from Hunt Companies Finance Trust’s previous quarterly dividend of $0.07.
Hunt Companies Finance Trust has a payout ratio of 85.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect Hunt Companies Finance Trust to earn $0.44 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 68.2%.
Shares of NYSE:HCFT traded up $0.01 during mid-day trading on Tuesday, hitting $3.47. 33,289 shares of the company traded hands, compared to its average volume of 29,843. The stock has a market cap of $82.91 million, a PE ratio of -11.18 and a beta of 1.28. The company has a debt-to-equity ratio of 4.98, a quick ratio of 10.35 and a current ratio of 10.35. Hunt Companies Finance Trust has a 12-month low of $2.76 and a 12-month high of $3.79. The firm’s 50-day moving average price is $3.41.
Separately, Zacks Investment Research upgraded Hunt Companies Finance Trust from a “hold” rating to a “buy” rating and set a $4.00 price target on the stock in a report on Wednesday, March 20th.
Hunt Companies Finance Trust Company Profile
Hunt Companies Finance Trust, Inc, a real estate specialty finance company, focuses on investing in portfolio mortgage-backed securities (MBS), mortgages, and other real estate related assets. It invests in agency and non-agency residential MBS, multi-family MBS, mortgage-servicing rights, and other mortgage-related investments.
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