Tremont Mortgage Trust (NASDAQ:TRMT) was the target of a large decline in short interest during the month of June. As of June 30th, there was short interest totalling 158,400 shares, a decline of 25.0% from the June 15th total of 211,300 shares. Based on an average daily volume of 67,200 shares, the short-interest ratio is presently 2.4 days. Approximately 2.0% of the shares of the stock are short sold.
TRMT traded down $0.05 during trading hours on Tuesday, reaching $3.07. The company’s stock had a trading volume of 53 shares, compared to its average volume of 50,334. Tremont Mortgage Trust has a fifty-two week low of $1.63 and a fifty-two week high of $6.86. The stock has a market cap of $25.71 million, a PE ratio of 3.99 and a beta of 1.65. The business’s 50-day moving average is $2.78 and its 200-day moving average is $3.74. The company has a debt-to-equity ratio of 2.27, a current ratio of 12.29 and a quick ratio of 12.29.
Tremont Mortgage Trust (NASDAQ:TRMT) last released its quarterly earnings data on Monday, May 4th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. Tremont Mortgage Trust had a return on equity of 6.87% and a net margin of 54.00%. The firm had revenue of $2.53 million for the quarter.
Several brokerages have recently weighed in on TRMT. Citigroup lowered their target price on Tremont Mortgage Trust from $6.00 to $2.50 and set a “neutral” rating on the stock in a report on Thursday, March 26th. JMP Securities cut Tremont Mortgage Trust from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 1st. Finally, ValuEngine cut Tremont Mortgage Trust from a “buy” rating to a “hold” rating in a report on Thursday, April 2nd.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. UBS Group AG lifted its holdings in Tremont Mortgage Trust by 104.3% in the fourth quarter. UBS Group AG now owns 6,434 shares of the company’s stock valued at $32,000 after acquiring an additional 3,284 shares during the last quarter. Royal Bank of Canada lifted its holdings in Tremont Mortgage Trust by 77.9% in the first quarter. Royal Bank of Canada now owns 12,460 shares of the company’s stock valued at $26,000 after acquiring an additional 5,455 shares during the last quarter. Raymond James & Associates lifted its holdings in Tremont Mortgage Trust by 13.8% in the fourth quarter. Raymond James & Associates now owns 24,360 shares of the company’s stock valued at $121,000 after acquiring an additional 2,960 shares during the last quarter. Renaissance Technologies LLC acquired a new position in Tremont Mortgage Trust in the fourth quarter valued at approximately $345,000. Finally, Bank of New York Mellon Corp lifted its stake in Tremont Mortgage Trust by 9.6% during the first quarter. Bank of New York Mellon Corp now owns 69,805 shares of the company’s stock worth $147,000 after purchasing an additional 6,120 shares in the last quarter. Hedge funds and other institutional investors own 8.79% 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.
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