Hunt Companies Finance Trust (HCFT) Upgraded by JMP Securities to “Market Outperform”

JMP Securities upgraded shares of Hunt Companies Finance Trust (NYSE:HCFT) from a market perform rating to a market outperform rating in a report released on Thursday morning. The brokerage currently has $3.75 price objective on the stock.

Separately, ValuEngine raised shares of Hunt Companies Finance Trust from a sell rating to a hold rating in a report on Wednesday, January 2nd.

HCFT opened at $3.29 on Thursday. Hunt Companies Finance Trust has a 52 week low of $2.55 and a 52 week high of $3.98. The stock has a market cap of $73.91 million, a price-to-earnings ratio of 6.85 and a beta of 1.05. The company has a quick ratio of 20.81, a current ratio of 20.81 and a debt-to-equity ratio of 4.55.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 7.29%. The ex-dividend date is Friday, December 28th. Hunt Companies Finance Trust’s dividend payout ratio (DPR) is presently 50.00%.

In related news, Director James Christopher Hunt acquired 15,000 shares of the company’s stock in a transaction on Monday, December 17th. The stock was acquired at an average price of $3.30 per share, with a total value of $49,500.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have acquired a total of 73,054 shares of company stock valued at $235,132 in the last three months. Insiders own 0.92% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. AXA bought a new position in shares of Hunt Companies Finance Trust in the 3rd quarter valued at about $12,528,000. PL Capital Advisors LLC lifted its holdings in shares of Hunt Companies Finance Trust by 153.0% in the 3rd quarter. PL Capital Advisors LLC now owns 731,338 shares of the company’s stock valued at $2,743,000 after acquiring an additional 442,328 shares during the last quarter. FMR LLC bought a new position in shares of Hunt Companies Finance Trust in the 2nd quarter valued at about $1,934,000. Mackenzie Financial Corp lifted its holdings in shares of Hunt Companies Finance Trust by 27.9% in the 3rd 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 last quarter. Finally, Clear Harbor Asset Management LLC lifted its holdings in shares of Hunt Companies Finance Trust by 92.0% in the 3rd quarter. Clear Harbor Asset Management LLC now owns 196,363 shares of the company’s stock valued at $681,000 after acquiring an additional 94,113 shares during the last quarter. 36.47% of the stock is owned by hedge funds and other institutional investors.

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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