Hunt Companies Finance Trust Inc (NYSE:HCFT) Given Consensus Recommendation of “Strong Buy” by Analysts

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

Analysts have set a one 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 172 out of 256 based on the ratings given to related companies.

Several research firms recently weighed in on HCFT. ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Zacks Investment Research downgraded H&E Equipment Services from a “hold” rating to a “sell” rating in a research note on Wednesday, July 17th.

HCFT opened at $3.33 on Friday. The company has a current ratio of 10.35, a quick ratio of 10.35 and a debt-to-equity ratio of 4.98. The firm has a 50-day simple moving average of $3.41. The stock has a market cap of $79.12 million, a P/E ratio of -10.74 and a beta of 1.29. Hunt Companies Finance Trust has a one year low of $2.76 and a one year high of $3.79.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were paid a $0.075 dividend. This is an increase from Hunt Companies Finance Trust’s previous quarterly dividend of $0.07. This represents a $0.30 annualized dividend and a yield of 9.01%. The ex-dividend date of this dividend was Thursday, June 27th. Hunt Companies Finance Trust’s dividend payout ratio (DPR) is presently -96.77%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HCFT. Sawtooth Solutions LLC purchased a new position in Hunt Companies Finance Trust during the first quarter worth $131,000. AE Wealth Management LLC increased its position in Hunt Companies Finance Trust by 118.6% during the second quarter. AE Wealth Management LLC now owns 70,082 shares of the company’s stock worth $239,000 after buying an additional 38,027 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. purchased a new position in Hunt Companies Finance Trust during the first quarter worth $611,000. 37.85% of the stock is owned by hedge funds and other institutional investors.

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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