NASDAQ:TRMTTremont Mortgage Trust Stock Price, Forecast & News

Tremont Mortgage Trust's stock was trading at $4.32 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, TRMT shares have decreased by 28.9% and is now trading at $3.07. View which stocks have been most impacted by Coronavirus.

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.

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.

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

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 1.30%. The ex-dividend date is Wednesday, April 8th. View Tremont Mortgage Trust's dividend history.

2 analysts have issued twelve-month price objectives for Tremont Mortgage Trust's shares. Their forecasts range from $2.50 to $6.00. On average, they expect Tremont Mortgage Trust's share price to reach $4.25 in the next year. This suggests a possible upside of 38.4% from the stock's current price. View analysts' price targets for Tremont Mortgage Trust.

Press coverage about TRMT stock has trended negative on Tuesday, InfoTrie Sentiment reports. The research group scores the sentiment of press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Tremont Mortgage Trust earned a media sentiment score of -2.1 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View the latest news about Tremont Mortgage Trust.

Tremont Mortgage Trust saw a decline in short interest during the month of June. As of June 30th, there was short interest totaling 158,400 shares, a decline of 25.0% from the June 15th total of 211,300 shares. Based on an average daily trading volume, of 67,200 shares, the short-interest ratio is presently 2.4 days. Currently, 2.0% of the shares of the company are sold short. View Tremont Mortgage Trust's Current Options Chain.

Some companies that are related to Tremont Mortgage Trust include Braemar Hotels & Resorts (BHR), Cedar Realty Trust (CDR), Postal Realty Trust (PSTL), Exantas Capital (XAN), Ashford Hospitality Trust (AHT), Hunt Companies Finance Trust (HCFT), Sachem Capital (SACH), United Development Funding IV (UDFI), CBL & Associates Properties (CBL), Manhattan Bridge Capital (LOAN), SOTHERLY HOTELS/SH SH (SOHO), Global Self Storage (SELF), Spirit MTA REIT (SMTA), AMEN Properties (AMEN) and Wheeler Real Estate Investment Trust (WHLR). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Tremont Mortgage Trust investors own include Energy Transfer LP Unit (ET), NY MTG TR INC/SH (NYMT), AGNC Investment (AGNC), Ashford Hospitality Trust (AHT), Braemar Hotels & Resorts (BHR), EnLink Midstream (ENLC), MFA FINL INC/SH (MFA), NGL Energy Partners (NGL), New Residential Investment (NRZ) and Oxford Lane Capital (OXLC).

(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.

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

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.

One share of TRMT stock can currently be purchased for approximately $3.07.

Tremont Mortgage Trust has a market capitalization of $25.30 million and generates $15.48 million in revenue each year.

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

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]