Hunt Companies Finance Trust (NYSE:HCFT) Downgraded by ValuEngine

ValuEngine lowered shares of Hunt Companies Finance Trust (NYSE:HCFT) from a sell rating to a strong sell rating in a research note released on Wednesday morning, ValuEngine reports.

Separately, Zacks Investment Research raised shares of Hunt Companies Finance Trust from a sell rating to a hold rating in a report on Wednesday, July 17th.

Shares of Hunt Companies Finance Trust stock opened at $3.35 on Wednesday. The firm has a market capitalization of $79.36 million, a PE ratio of -10.81 and a beta of 1.29. The company has a debt-to-equity ratio of 5.00, a current ratio of 11.60 and a quick ratio of 11.60. The company’s fifty day moving average price is $3.31 and its two-hundred day moving average price is $3.41. Hunt Companies Finance Trust has a 52-week low of $2.76 and a 52-week high of $3.79.

Hunt Companies Finance Trust (NYSE:HCFT) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.01). The business had revenue of $4.04 million during the quarter. Hunt Companies Finance Trust had a net margin of 18.92% and a return on equity of 8.28%. Analysts predict that Hunt Companies Finance Trust will post 0.35 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Hunt Companies Finance Trust by 6.3% in the 2nd quarter. Vanguard Group Inc. now owns 767,628 shares of the company’s stock valued at $2,618,000 after purchasing an additional 45,222 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Hunt Companies Finance Trust by 4.7% in the 2nd quarter. BlackRock Inc. now owns 183,038 shares of the company’s stock valued at $624,000 after purchasing an additional 8,155 shares in the last quarter. Punch & Associates Investment Management Inc. acquired a new stake in shares of Hunt Companies Finance Trust in the 1st quarter valued at $611,000. LSV Asset Management acquired a new stake in shares of Hunt Companies Finance Trust in the 2nd quarter valued at $401,000. Finally, AE Wealth Management LLC boosted its stake in shares of Hunt Companies Finance Trust by 118.6% in the 2nd quarter. AE Wealth Management LLC now owns 70,082 shares of the company’s stock valued at $239,000 after purchasing an additional 38,027 shares in the last quarter. Institutional investors own 38.66% of the company’s stock.

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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