JMP Securities Begins Coverage on Tremont Mortgage Trust (NASDAQ:TRMT)

JMP Securities began coverage on shares of Tremont Mortgage Trust (NASDAQ:TRMT) in a research note released on Wednesday, Benzinga’s Daily Ratings Newsletter reports. The brokerage issued an outperform rating and a $6.00 price target on the stock.

Several other equities analysts have also recently weighed in on the stock. UBS Group set a €117.00 ($136.05) price objective on shares of SAP and gave the stock a neutral rating in a research report on Tuesday, May 21st. Citigroup lowered their price objective on shares of Tremont Mortgage Trust from $9.50 to $5.00 and set a neutral rating on the stock in a research report on Wednesday, June 5th.

NASDAQ TRMT opened at $4.29 on Wednesday. Tremont Mortgage Trust has a 1 year low of $3.87 and a 1 year high of $13.80. The firm has a fifty day moving average of $4.47. The company has a current ratio of 12.63, a quick ratio of 12.62 and a debt-to-equity ratio of 2.25.

Tremont Mortgage Trust (NASDAQ:TRMT) last posted its quarterly earnings results on Tuesday, May 14th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.07. The company had revenue of $1.45 million for the quarter. Tremont Mortgage Trust had a negative return on equity of 0.14% and a negative net margin of 1.81%.

In other news, Director Joseph Morea acquired 10,000 shares of the stock in a transaction on Friday, May 17th. The shares were purchased at an average cost of $5.23 per share, for a total transaction of $52,300.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider David M. Blackman acquired 5,000 shares of the stock in a transaction on Friday, May 17th. The shares were purchased at an average price of $5.18 per share, for a total transaction of $25,900.00. The disclosure for this purchase can be found here. Insiders own 20.20% of the company’s stock.

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.

Further Reading: How Do Investors Open a Backdoor Roth IRA?

Receive News & Ratings for Tremont Mortgage Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tremont Mortgage Trust and related companies with MarketBeat.com's FREE daily email newsletter.