Hunt Companies Finance Trust Inc (HCFT) Receives Average Recommendation of “Strong Buy” from Analysts

Hunt Companies Finance Trust Inc (NYSE:HCFT) has been given an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy rating.

Brokerages have set a 1-year consensus price target of $3.88 for the company, according to Zacks. Zacks has also assigned Hunt Companies Finance Trust an industry rank of 43 out of 255 based on the ratings given to its competitors.

HCFT has been the topic of a number of research reports. ValuEngine upgraded Hunt Companies Finance Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. JMP Securities upgraded Hunt Companies Finance Trust from a “market perform” rating to a “market outperform” rating and set a $3.75 target price on the stock in a research report on Thursday, January 10th. Finally, Zacks Investment Research upgraded Hunt Companies Finance Trust from a “hold” rating to a “buy” rating and set a $4.00 target price on the stock in a research report on Wednesday, March 20th.

HCFT stock opened at $3.49 on Wednesday. The firm has a market capitalization of $81.01 million, a PE ratio of -11.26 and a beta of 1.33. Hunt Companies Finance Trust has a 1 year low of $2.55 and a 1 year high of $3.79. The company has a current ratio of 14.07, a quick ratio of 14.07 and a debt-to-equity ratio of 4.63.

Hunt Companies Finance Trust (NYSE:HCFT) last released its quarterly earnings results on Monday, March 18th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.04). The firm had revenue of $4.60 million during the quarter. Hunt Companies Finance Trust had a positive return on equity of 7.32% and a negative net margin of 10.76%. On average, equities research analysts expect that Hunt Companies Finance Trust will post 0.55 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, March 28th. This is an increase from Hunt Companies Finance Trust’s previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a yield of 8.02%. Hunt Companies Finance Trust’s payout ratio is -90.32%.

In related news, Director James Christopher Hunt bought 22,500 shares of the stock in a transaction that occurred on Monday, January 7th. The shares were bought at an average cost of $3.02 per share, for a total transaction of $67,950.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have purchased 29,574 shares of company stock worth $91,778 over the last quarter. 0.92% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC bought a new stake in Hunt Companies Finance Trust during the fourth quarter valued at about $26,000. PL Capital Advisors LLC raised its holdings in Hunt Companies Finance Trust by 13.7% during the fourth quarter. PL Capital Advisors LLC now owns 831,338 shares of the company’s stock valued at $2,378,000 after acquiring an additional 100,000 shares during the period. Deltec Asset Management LLC bought a new stake in Hunt Companies Finance Trust during the fourth quarter valued at about $526,000. Mackenzie Financial Corp raised its holdings in Hunt Companies Finance Trust by 27.9% during the third quarter. Mackenzie Financial Corp now owns 213,895 shares of the company’s stock valued at $802,000 after acquiring an additional 46,670 shares during the period. Finally, Northern Trust Corp bought a new stake in Hunt Companies Finance Trust during the second quarter valued at about $136,000. Institutional investors own 38.73% of the company’s stock.

About Hunt Companies Finance Trust

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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