Tremont Mortgage Trust (NASDAQ:TRMT) Given Average Rating of “Buy” by Brokerages
Shares of Tremont Mortgage Trust (NASDAQ:TRMT) have received an average broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. Tremont Mortgage Trust’s rating score has improved by 33.3% in the last three months as a result of various analysts’ upgrades and downgrades.
Analysts have set a twelve-month consensus target price of $5.50 for the company, according to Zacks. Zacks has also given Tremont Mortgage Trust an industry rank of 82 out of 256 based on the ratings given to its competitors.
TRMT has been the subject of several recent research reports. Citigroup lowered their price objective on Tremont Mortgage Trust from $9.50 to $5.00 and set a “neutral” rating for the company in a research report on Wednesday, June 5th. JMP Securities began coverage on Tremont Mortgage Trust in a research note on Wednesday, July 10th. They set an “outperform” rating and a $6.00 target price on the stock. Finally, UBS Group cut Tremont Mortgage Trust from a “buy” rating to a “neutral” rating and reduced their target price for the company from $16.00 to $5.00 in a research note on Tuesday, May 21st.
TRMT stock traded down $0.09 during midday trading on Friday, hitting $4.48. The company had a trading volume of 26,579 shares, compared to its average volume of 75,044. The company has a current ratio of 11.37, a quick ratio of 11.37 and a debt-to-equity ratio of 2.13. Tremont Mortgage Trust has a 52 week low of $3.87 and a 52 week high of $12.58. The stock’s 50 day moving average price is $4.55 and its 200 day moving average price is $6.92. The stock has a market cap of $38.08 million, a price-to-earnings ratio of 12.15 and a beta of 1.15.
Tremont Mortgage Trust (NASDAQ:TRMT) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.02. Tremont Mortgage Trust had a return on equity of 2.40% and a net margin of 26.87%. The firm had revenue of $1.88 million during the quarter.
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, July 29th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, July 26th. This represents a $0.88 annualized dividend and a dividend yield of 19.64%.
Tremont Mortgage Trust Company Profile
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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