JMP Securities assumed coverage on shares of Tremont Mortgage Trust (NASDAQ:TRMT) in a research report report published on Wednesday morning, Benzinga’s Daily Ratings Newsletter reports. The brokerage issued an outperform rating and a $6.00 price objective on the stock.
Other equities analysts also recently issued reports about the company. Citigroup dropped their price objective on Tremont Mortgage Trust from $9.50 to $5.00 and set a neutral rating for the company in a research note on Wednesday, June 5th. UBS Group set a €117.00 ($136.05) price objective on SAP and gave the company a neutral rating in a research note on Tuesday, May 21st.
Shares of TRMT stock opened at $4.29 on Wednesday. Tremont Mortgage Trust has a 12-month low of $3.87 and a 12-month high of $13.80. The stock’s 50 day simple moving average is $4.47. The company has a quick ratio of 12.62, a current ratio of 12.63 and a debt-to-equity ratio of 2.25.
Tremont Mortgage Trust (NASDAQ:TRMT) last released its quarterly earnings data on Tuesday, May 14th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $1.45 million during the quarter.
In related news, Director Joseph Morea bought 10,000 shares of the stock in a transaction on Friday, May 17th. The shares were purchased at an average price of $5.23 per share, for a total transaction of $52,300.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider David M. Blackman bought 5,000 shares of the stock in a transaction on Friday, May 17th. The shares were bought 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. 20.20% of the stock is currently owned by corporate insiders.
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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