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.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Royal Bank of Canada raised its stake in shares of Tremont Mortgage Trust by 207.3% in the 2nd quarter. Royal Bank of Canada now owns 19,989 shares of the company’s stock valued at $83,000 after purchasing an additional 13,484 shares in the last quarter. PVG Asset Management Corp grew its position in shares of Tremont Mortgage Trust by 373.4% during the 2nd quarter. PVG Asset Management Corp now owns 326,646 shares of the company’s stock valued at $1,349,000 after buying an additional 257,646 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Tremont Mortgage Trust by 105.3% during the 2nd quarter. Vanguard Group Inc. now owns 197,385 shares of the company’s stock valued at $815,000 after buying an additional 101,248 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Tremont Mortgage Trust during the 2nd quarter valued at about $165,000. Finally, Rational Advisors LLC grew its position in shares of Tremont Mortgage Trust by 15.0% during the 2nd quarter. Rational Advisors LLC now owns 76,500 shares of the company’s stock valued at $316,000 after buying an additional 10,000 shares during the last quarter. 6.78% of the stock is currently owned by hedge funds and other institutional investors.

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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