Zacks Investment Research Lowers Hunt Companies Finance Trust (NYSE:HCFT) to Sell

Share on StockTwits

Zacks Investment Research cut shares of Hunt Companies Finance Trust (NYSE:HCFT) from a hold rating to a sell rating in a research note issued to investors on Thursday, Zacks.com reports.

According to Zacks, “Hunt Companies Finance Trust, Inc. operates as a real estate specialty finance company. It focuses on portfolio of mortgage-backed securities, loans and other real estate related investments. Hunt Companies Finance Trust Inc., formerly known as Five Oaks Investment Corp., is based in New York, United States. “

Separately, ValuEngine lowered Zumiez from a hold rating to a sell rating in a research report on Tuesday, July 2nd.

Shares of NYSE HCFT opened at $3.43 on Thursday. The stock has a market capitalization of $81.25 million, a price-to-earnings ratio of 17.15 and a beta of 1.29. The company has a current ratio of 10.35, a quick ratio of 10.35 and a debt-to-equity ratio of 4.98. Hunt Companies Finance Trust has a 52-week low of $2.76 and a 52-week high of $3.79. The firm has a 50 day moving average price of $3.39.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a $0.075 dividend. This is a positive change from Hunt Companies Finance Trust’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $0.30 dividend on an annualized basis and a yield of 8.75%. Hunt Companies Finance Trust’s payout ratio is presently -96.77%.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Acadian Asset Management LLC acquired a new position in shares of Hunt Companies Finance Trust in the fourth quarter worth $26,000. Sawtooth Solutions LLC acquired a new position in shares of Hunt Companies Finance Trust in the first quarter worth $131,000. Finally, Punch & Associates Investment Management Inc. acquired a new position in shares of Hunt Companies Finance Trust in the first quarter worth $611,000. 37.85% of the stock is currently owned by 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.

Featured Article: Growth Stocks

Get a free copy of the Zacks research report on Hunt Companies Finance Trust (HCFT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Hunt Companies Finance Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hunt Companies Finance Trust and related companies with MarketBeat.com's FREE daily email newsletter.