TheStreet upgraded shares of Tremont Mortgage Trust (NASDAQ:TRMT) from a d rating to a c rating in a research note released on Monday, TheStreetRatingsTable reports.
Separately, UBS Group decreased their price objective on shares of Tremont Mortgage Trust from $5.00 to $3.00 and set a neutral rating for the company in a research report on Thursday, July 9th. Four equities research analysts have rated the stock with a hold rating, The stock currently has an average rating of Hold and an average target price of $2.75.
NASDAQ:TRMT opened at $2.92 on Monday. The company has a debt-to-equity ratio of 2.27, a current ratio of 14.89 and a quick ratio of 14.89. The firm has a 50-day moving average of $2.87 and a two-hundred day moving average of $2.76. The stock has a market cap of $24.10 million, a P/E ratio of 3.24 and a beta of 1.65. Tremont Mortgage Trust has a 1-year low of $1.63 and a 1-year high of $6.86.
Tremont Mortgage Trust (NASDAQ:TRMT) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.12. Tremont Mortgage Trust had a net margin of 60.51% and a return on equity of 8.52%.
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Monday, July 27th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date was Friday, July 24th.
Large investors have recently modified their holdings of the stock. Royal Bank of Canada boosted its holdings in Tremont Mortgage Trust by 77.9% during the first quarter. Royal Bank of Canada now owns 12,460 shares of the company’s stock worth $26,000 after buying an additional 5,455 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Tremont Mortgage Trust by 9.6% during the first quarter. Bank of New York Mellon Corp now owns 69,805 shares of the company’s stock worth $147,000 after buying an additional 6,120 shares in the last quarter. Finally, Almitas Capital LLC bought a new stake in Tremont Mortgage Trust during the first quarter worth approximately $564,000. Hedge funds and other institutional investors own 6.62% of the company’s stock.
About Tremont Mortgage Trust
Tremont Mortgage Trust, a real estate investment trust (REIT), focuses on originating and investing in first mortgage loans secured by middle market and transitional commercial real estate in the United States. The company qualifies as a REIT for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders.
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