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NASDAQ:TRMTTremont Mortgage Trust Stock Price, Forecast & News

$2.17
+0.02 (+0.93 %)
(As of 06/3/2020 04:00 PM ET)
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Today's Range
$2.03
Now: $2.17
$2.18
50-Day Range
$1.67
MA: $1.93
$2.22
52-Week Range
$1.63
Now: $2.17
$6.86
Volume57,500 shs
Average Volume81,483 shs
Market Capitalization$17.88 million
P/E Ratio2.82
Dividend Yield1.84%
Beta1.59
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. The company was founded in 2017 and is headquartered in Newton, Massachusetts. Tremont Mortgage Trust is a subsidiary of Tremont Realty Advisors LLC.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.0Community Rank: 2.1Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.73 out of 5 stars


Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:TRMT
CUSIPN/A
Phone617-796-8317

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$15.48 million
Cash Flow$0.46 per share
Book Value$10.46 per share

Profitability

Net Income$4.84 million

Miscellaneous

EmployeesN/A
Market Cap$17.88 million
Next Earnings Date8/4/2020 (Estimated)
OptionableNot Optionable

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Tremont Mortgage Trust (NASDAQ:TRMT) Frequently Asked Questions

How has Tremont Mortgage Trust's stock been impacted by COVID-19 (Coronavirus)?

Tremont Mortgage Trust's stock was trading at $4.32 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, TRMT shares have decreased by 49.8% and is now trading at $2.17. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Tremont Mortgage Trust?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tremont Mortgage Trust in the last year. There are currently 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Tremont Mortgage Trust.

When is Tremont Mortgage Trust's next earnings date?

Tremont Mortgage Trust is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Tremont Mortgage Trust.

How were Tremont Mortgage Trust's earnings last quarter?

Tremont Mortgage Trust (NASDAQ:TRMT) released its quarterly earnings data on Monday, May, 4th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.19 by $0.02. The firm earned $2.53 million during the quarter. Tremont Mortgage Trust had a return on equity of 6.87% and a net margin of 54.00%. View Tremont Mortgage Trust's earnings history.

How often does Tremont Mortgage Trust pay dividends? What is the dividend yield for Tremont Mortgage Trust?

Tremont Mortgage Trust declared a quarterly dividend on Wednesday, April 1st. Investors of record on Friday, April 10th will be paid a dividend of $0.01 per share on Thursday, May 21st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend is Wednesday, April 8th. View Tremont Mortgage Trust's dividend history.

What price target have analysts set for TRMT?

2 analysts have issued 12-month price objectives for Tremont Mortgage Trust's stock. Their forecasts range from $2.50 to $6.00. On average, they anticipate Tremont Mortgage Trust's share price to reach $4.25 in the next year. This suggests a possible upside of 95.9% from the stock's current price. View analysts' price targets for Tremont Mortgage Trust.

Has Tremont Mortgage Trust been receiving favorable news coverage?

News coverage about TRMT stock has trended very negative on Thursday, InfoTrie Sentiment reports. InfoTrie identifies negative and positive media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Tremont Mortgage Trust earned a media sentiment score of -3.0 on InfoTrie's scale. They also assigned news headlines about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View the latest news aboutTremont Mortgage Trust.

Are investors shorting Tremont Mortgage Trust?

Tremont Mortgage Trust saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 205,600 shares, an increase of 168.4% from the April 30th total of 76,600 shares. Based on an average trading volume of 72,600 shares, the short-interest ratio is currently 2.8 days. Currently, 2.5% of the shares of the stock are sold short. View Tremont Mortgage Trust's Current Options Chain.

Who are some of Tremont Mortgage Trust's key competitors?

What other stocks do shareholders of Tremont Mortgage Trust own?

Who are Tremont Mortgage Trust's key executives?

Tremont Mortgage Trust's management team includes the following people:
  • Mr. David M. Blackman, Pres, Chief Investment Officer, COO, CEO & Managing Trustee (Age 56)
  • Mr. G. Douglas Lanois, CFO & Treasurer (Age 58)
  • Mr. Christopher Ranjitkar, Director of Investor Relations
  • Ms. Jennifer Babbin Clark, Sec. (Age 57)

When did Tremont Mortgage Trust IPO?

(TRMT) raised $90 million in an IPO on Thursday, September 14th 2017. The company issued 4,500,000 shares at a price of $20.00 per share. UBS Investment Bank, Citigroup and RBC Capital Markets acted as the underwriters for the IPO and BB&T Capital Markets, FBR (a B. Riley Financial Company), Janney Montgomery Scott and Oppenheimer & Co. were co-managers.

What is Tremont Mortgage Trust's stock symbol?

Tremont Mortgage Trust trades on the NASDAQ under the ticker symbol "TRMT."

Who are Tremont Mortgage Trust's major shareholders?

Tremont Mortgage Trust's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Almitas Capital LLC (3.26%) and Bank of New York Mellon Corp (0.85%). Company insiders that own Tremont Mortgage Trust stock include David M Blackman and Joseph Morea. View institutional ownership trends for Tremont Mortgage Trust.

Which major investors are buying Tremont Mortgage Trust stock?

TRMT stock was bought by a variety of institutional investors in the last quarter, including Almitas Capital LLC, and Bank of New York Mellon Corp. Company insiders that have bought Tremont Mortgage Trust stock in the last two years include David M Blackman, and Joseph Morea. View insider buying and selling activity for Tremont Mortgage Trust.

How do I buy shares of Tremont Mortgage Trust?

Shares of TRMT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Tremont Mortgage Trust's stock price today?

One share of TRMT stock can currently be purchased for approximately $2.17.

How big of a company is Tremont Mortgage Trust?

Tremont Mortgage Trust has a market capitalization of $17.88 million and generates $15.48 million in revenue each year.

What is Tremont Mortgage Trust's official website?

The official website for Tremont Mortgage Trust is www.trmtreit.com.

How can I contact Tremont Mortgage Trust?

Tremont Mortgage Trust's mailing address is 255 Washington Street Suite 300, Newton MA, 02458. The company can be reached via phone at 617-796-8317 or via email at [email protected]

This page was last updated on 6/4/2020 by MarketBeat.com Staff

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