Tremont Mortgage Trust (TRMT) Insider Buys $25,900.00 in Stock

Tremont Mortgage Trust (NASDAQ:TRMT) insider David M. Blackman bought 5,000 shares of the stock in a transaction that occurred on Friday, May 17th. The stock was bought at an average price of $5.18 per share, with a total value of $25,900.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

TRMT stock opened at $5.17 on Tuesday. 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 has a 52 week low of $5.06 and a 52 week high of $13.80.

Tremont Mortgage Trust (NASDAQ:TRMT) last released 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. The company had revenue of $1.45 million during the quarter. Tremont Mortgage Trust had a negative net margin of 1.81% and a negative return on equity of 0.14%.

The business also recently announced a quarterly dividend, which was paid on Thursday, May 16th. Investors of record on Monday, April 29th were paid a $0.22 dividend. The ex-dividend date was Friday, April 26th. 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 yield of 17.02%.

A number of hedge funds have recently added to or reduced their stakes in TRMT. Renaissance Technologies LLC acquired a new stake in Tremont Mortgage Trust in the 1st quarter worth approximately $105,000. Raymond James & Associates boosted its stake in Tremont Mortgage Trust by 31.8% in the 1st quarter. Raymond James & Associates now owns 19,900 shares of the company’s stock worth $175,000 after purchasing an additional 4,800 shares in the last quarter. Finally, BB&T Securities LLC boosted its stake in Tremont Mortgage Trust by 13.2% in the 4th quarter. BB&T Securities LLC now owns 186,273 shares of the company’s stock worth $1,685,000 after purchasing an additional 21,702 shares in the last quarter. Institutional investors own 20.34% of the company’s stock.

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About Tremont Mortgage Trust

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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