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

Hunt Companies Finance Trust Inc (NYSE:HCFT) has been given a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating.

Brokers have set a 1 year consensus price objective of $3.88 for the company, according to Zacks. Zacks has also assigned Hunt Companies Finance Trust an industry rank of 72 out of 255 based on the ratings given to related companies.

Several analysts have issued reports on the stock. Zacks Investment Research raised shares of 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 note on Wednesday, March 20th. JMP Securities raised shares of 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 note on Thursday, January 10th. Finally, ValuEngine raised shares of Hunt Companies Finance Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd.

Large investors have recently made changes to their positions in the business. Mackenzie Financial Corp raised its stake in Hunt Companies Finance Trust by 27.9% during the 3rd quarter. Mackenzie Financial Corp now owns 213,895 shares of the company’s stock valued at $802,000 after purchasing an additional 46,670 shares during the period. PL Capital Advisors LLC raised its stake in Hunt Companies Finance Trust by 13.7% during the 4th quarter. PL Capital Advisors LLC now owns 831,338 shares of the company’s stock valued at $2,378,000 after purchasing an additional 100,000 shares during the period. Deltec Asset Management LLC acquired a new stake in Hunt Companies Finance Trust during the 4th quarter valued at $526,000. Acadian Asset Management LLC acquired a new stake in Hunt Companies Finance Trust during the 4th quarter valued at $26,000. Finally, Northern Trust Corp acquired a new stake in Hunt Companies Finance Trust during the 2nd quarter valued at $136,000. 38.73% of the stock is currently owned by institutional investors.

Shares of NYSE:HCFT traded down $0.01 on Thursday, reaching $3.49. 31,200 shares of the company traded hands, compared to its average volume of 64,725. Hunt Companies Finance Trust has a fifty-two week low of $2.76 and a fifty-two week high of $3.79. The company has a market capitalization of $82.67 million, a PE ratio of -11.26 and a beta of 1.33. The company has a debt-to-equity ratio of 4.63, a quick ratio of 14.07 and a current ratio of 14.07.

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

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a dividend of $0.07 per share. 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%. The ex-dividend date of this dividend was Thursday, March 28th. Hunt Companies Finance Trust’s payout ratio is -90.32%.

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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