Brokerages Set $3.88 Price Target for Hunt Companies Finance Trust Inc (HCFT)

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

Brokerages have set a one year consensus target price of $3.88 for the company, according to Zacks. Zacks has also given Hunt Companies Finance Trust an industry rank of 238 out of 256 based on the ratings given to related companies.

Separately, Zacks Investment Research raised Hunt Companies Finance Trust from a “hold” rating to a “buy” rating and set a $4.00 price target for the company in a research report on Wednesday, March 20th.

Shares of NYSE:HCFT opened at $3.46 on Monday. 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 has a twelve month low of $2.76 and a twelve month high of $3.79. The company has a market cap of $81.97 million, a PE ratio of -11.16 and a beta of 1.32.

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

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were given a $0.07 dividend. This is a positive change from Hunt Companies Finance Trust’s previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a yield of 8.09%. The ex-dividend date was Thursday, March 28th. Hunt Companies Finance Trust’s dividend payout ratio is presently -90.32%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. PL Capital Advisors LLC raised its position in Hunt Companies Finance Trust by 13.7% in the 4th quarter. PL Capital Advisors LLC now owns 831,338 shares of the company’s stock valued at $2,378,000 after buying an additional 100,000 shares during the last quarter. Deltec Asset Management LLC purchased a new stake in Hunt Companies Finance Trust in the 4th quarter valued at $526,000. Acadian Asset Management LLC purchased a new stake in Hunt Companies Finance Trust in the 4th quarter valued at $26,000. Finally, Sawtooth Solutions LLC purchased a new stake in Hunt Companies Finance Trust in the 1st quarter valued at $131,000. 38.73% of the stock is owned by institutional investors and hedge funds.

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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