Zacks: Hunt Companies Finance Trust Inc (NYSE:HCFT) Receives Average Recommendation of “Strong Buy” from Brokerages

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

Brokerages have set a 12-month consensus price target of $3.88 for the company, according to Zacks. Zacks has also given Hunt Companies Finance Trust an industry rank of 164 out of 256 based on the ratings given to related companies.

A number of equities analysts recently issued reports on the company. ValuEngine upgraded Hunt Companies Finance Trust from a “strong sell” rating to a “sell” rating in a report on Thursday, August 1st. Zacks Investment Research upgraded Hunt Companies Finance Trust from a “sell” rating to a “hold” rating in a report on Wednesday, July 17th.

Shares of HCFT stock traded up $0.01 during mid-day trading on Friday, hitting $3.27. 8,043 shares of the stock traded hands, compared to its average volume of 25,676. Hunt Companies Finance Trust has a twelve month low of $2.76 and a twelve month high of $3.79. The firm has a market cap of $77.38 million, a price-to-earnings ratio of -10.54 and a beta of 1.29. The company’s 50-day simple moving average is $3.36 and its 200-day simple moving average is $3.42. The company has a debt-to-equity ratio of 5.00, a quick ratio of 11.60 and a current ratio of 11.60.

Hunt Companies Finance Trust (NYSE:HCFT) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.01). Hunt Companies Finance Trust had a net margin of 18.92% and a return on equity of 8.28%. The firm had revenue of $4.04 million for the quarter. Analysts forecast that Hunt Companies Finance Trust will post 0.39 earnings per share for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of HCFT. Punch & Associates Investment Management Inc. acquired a new position in shares of Hunt Companies Finance Trust in the 1st quarter worth $611,000. LSV Asset Management acquired a new position in shares of Hunt Companies Finance Trust in the 2nd quarter worth $401,000. Vanguard Group Inc. grew its holdings 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 worth $2,618,000 after acquiring an additional 45,222 shares during the last quarter. AE Wealth Management LLC grew its holdings 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 worth $239,000 after acquiring an additional 38,027 shares during the last quarter. Finally, Sawtooth Solutions LLC acquired a new position in shares of Hunt Companies Finance Trust in the 1st quarter worth $131,000. Institutional investors and hedge funds own 38.00% of the company’s stock.

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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