Tremont Mortgage Trust (NASDAQ:TRMT) announced a quarterly dividend on Thursday, July 18th, NASDAQ reports. Investors of record on Monday, July 29th will be paid a dividend of 0.22 per share on Thursday, August 15th. This represents a $0.88 dividend on an annualized basis and a yield of 18.37%. The ex-dividend date is Friday, July 26th.
Shares of Tremont Mortgage Trust stock opened at $4.79 on Friday. Tremont Mortgage Trust has a one year low of $3.87 and a one year high of $13.80. The company has a 50-day moving average price of $4.39. The company has a debt-to-equity ratio of 2.25, a current ratio of 12.63 and a quick ratio of 12.62.
Tremont Mortgage Trust (NASDAQ:TRMT) last issued its earnings results on Tuesday, May 14th. The company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.07. Tremont Mortgage Trust had a negative return on equity of 0.14% and a negative net margin of 1.81%. The business had revenue of $1.45 million during the quarter.
In related news, Director Joseph Morea purchased 10,000 shares of the business’s stock in a transaction on Friday, May 17th. The stock was acquired at an average price of $5.23 per share, for a total transaction of $52,300.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider David M. Blackman purchased 5,000 shares of the business’s stock in a transaction on Friday, May 17th. The shares were bought at an average price of $5.18 per share, with a total value of $25,900.00. The disclosure for this purchase can be found here. Insiders own 20.20% of the company’s stock.
TRMT has been the subject of a number of research analyst reports. JMP Securities initiated coverage on Tremont Mortgage Trust in a research report on Wednesday, July 10th. They issued an “outperform” rating and a $6.00 target price for the company. UBS Group set a €117.00 ($136.05) target price on SAP and gave the company a “neutral” rating in a research report on Tuesday, May 21st. Finally, Citigroup decreased their target price 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.
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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