Joseph Morea Acquires 10,000 Shares of Tremont Mortgage Trust (TRMT) Stock

Tremont Mortgage Trust (NASDAQ:TRMT) Director Joseph Morea purchased 10,000 shares of Tremont Mortgage Trust stock in a transaction on Friday, May 17th. The shares were acquired at an average cost of $5.23 per share, for a total transaction of $52,300.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of NASDAQ TRMT traded down $0.04 during trading on Tuesday, reaching $5.13. 700 shares of the stock were exchanged, compared to its average volume of 53,519. Tremont Mortgage Trust has a twelve month low of $5.06 and a twelve month high of $13.80. The company has a debt-to-equity ratio of 2.25, a current ratio of 12.63 and a quick ratio of 29.75.

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

The company also recently announced a quarterly dividend, which was paid on Thursday, May 16th. Stockholders of record on Monday, April 29th were given a dividend of $0.22 per share. This is a boost from Tremont Mortgage Trust’s previous quarterly dividend of $0.11. This represents a $0.88 dividend on an annualized basis and a dividend yield of 17.15%. The ex-dividend date was Friday, April 26th.

Separately, UBS Group cut shares of Tremont Mortgage Trust from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $16.00 to $5.00 in a research report on Tuesday.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC acquired a new position in shares of Tremont Mortgage Trust during the first quarter worth $105,000. Raymond James & Associates raised its holdings in Tremont Mortgage Trust by 31.8% in the first quarter. Raymond James & Associates now owns 19,900 shares of the company’s stock valued at $175,000 after acquiring an additional 4,800 shares in the last quarter. Finally, BB&T Securities LLC raised its holdings in Tremont Mortgage Trust by 13.2% in the fourth quarter. BB&T Securities LLC now owns 186,273 shares of the company’s stock valued at $1,685,000 after acquiring an additional 21,702 shares in the last quarter. 20.34% of the stock is currently owned by institutional investors and hedge funds.

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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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