Zacks: Hunt Companies Finance Trust Inc (NYSE:HCFT) Given $2.50 Consensus Price Target by Brokerages

Hunt Companies Finance Trust Inc (NYSE:HCFT) has been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.

Analysts have set a twelve-month consensus price target of $2.50 for the company, according to Zacks. Zacks has also given Hunt Companies Finance Trust an industry rank of 207 out of 254 based on the ratings given to related companies.

Several equities analysts have weighed in on HCFT shares. ValuEngine cut shares of Hunt Companies Finance Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, April 1st. Zacks Investment Research upgraded shares of Hunt Companies Finance Trust from a “hold” rating to a “strong-buy” rating and set a $2.25 price objective on the stock in a research report on Wednesday.

In related news, CEO James Peter Flynn purchased 24,000 shares of the stock in a transaction dated Wednesday, March 25th. The shares were acquired at an average cost of $1.19 per share, for a total transaction of $28,560.00. Following the acquisition, the chief executive officer now directly owns 87,180 shares in the company, valued at approximately $103,744.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders have acquired 80,400 shares of company stock worth $114,079. Corporate insiders own 1.56% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. AE Wealth Management LLC grew its holdings in shares of Hunt Companies Finance Trust by 18.6% during the 4th quarter. AE Wealth Management LLC now owns 85,204 shares of the company’s stock valued at $275,000 after acquiring an additional 13,389 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Hunt Companies Finance Trust in the 4th quarter valued at $59,000. Clear Harbor Asset Management LLC lifted its stake in shares of Hunt Companies Finance Trust by 17.6% in the 1st quarter. Clear Harbor Asset Management LLC now owns 215,861 shares of the company’s stock valued at $399,000 after purchasing an additional 32,230 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Hunt Companies Finance Trust by 35.2% in the 1st quarter. BlackRock Inc. now owns 244,453 shares of the company’s stock valued at $452,000 after purchasing an additional 63,698 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in shares of Hunt Companies Finance Trust in the 4th quarter valued at $230,000. Institutional investors and hedge funds own 38.80% of the company’s stock.

Hunt Companies Finance Trust stock traded up $0.11 during mid-day trading on Friday, hitting $2.35. The company’s stock had a trading volume of 173,663 shares, compared to its average volume of 85,536. The company has a quick ratio of 4.44, a current ratio of 4.44 and a debt-to-equity ratio of 4.79. The stock has a market capitalization of $55.86 million, a P/E ratio of 8.62 and a beta of 1.41. Hunt Companies Finance Trust has a twelve month low of $0.86 and a twelve month high of $3.50. The stock’s fifty day moving average price is $1.88 and its two-hundred day moving average price is $2.75.

Hunt Companies Finance Trust (NYSE:HCFT) last posted its quarterly earnings results on Monday, May 11th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.01. The firm had revenue of $3.49 million for the quarter. Hunt Companies Finance Trust had a net margin of 16.82% and a return on equity of 7.35%. Equities analysts expect that Hunt Companies Finance Trust will post 0.28 earnings per share for the current year.

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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