Tremont Mortgage Trust (TRMT) Hits New 52-Week Low at $10.24

Shares of Tremont Mortgage Trust (NASDAQ:TRMT) hit a new 52-week low during trading on Monday . The stock traded as low as $10.24 and last traded at $10.24, with a volume of 200 shares trading hands. The stock had previously closed at $10.50.

The company has a debt-to-equity ratio of 0.88, a quick ratio of 50.82 and a current ratio of 50.82.

Tremont Mortgage Trust (NASDAQ:TRMT) last issued its earnings results on Friday, November 2nd. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.08). The business had revenue of $0.82 million during the quarter.

Institutional investors and hedge funds have recently modified their holdings of the business. PVG Asset Management Corp purchased a new stake in Tremont Mortgage Trust during the 2nd quarter valued at $1,374,000. Rational Advisors LLC purchased a new stake in Tremont Mortgage Trust during the 2nd quarter valued at $1,374,000. Highland Capital Management LP purchased a new stake in Tremont Mortgage Trust during the 2nd quarter valued at $249,000. Raymond James & Associates purchased a new stake in Tremont Mortgage Trust during the 2nd quarter valued at $172,000. Finally, Morgan Stanley boosted its stake in Tremont Mortgage Trust by 247.5% during the 3rd quarter. Morgan Stanley now owns 26,948 shares of the company’s stock valued at $317,000 after purchasing an additional 19,194 shares during the last quarter. Institutional investors and hedge funds own 22.65% of the company’s stock.

TRADEMARK VIOLATION WARNING: This story was reported by WKRB News and is owned by of WKRB News. If you are viewing this story on another website, it was illegally stolen and republished in violation of United States & international trademark and copyright law. The legal version of this story can be accessed at https://www.wkrb13.com/2018/11/27/tremont-mortgage-trust-trmt-hits-new-52-week-low-at-10-24.html.

About Tremont Mortgage Trust (NASDAQ:TRMT)

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.

See Also: What is the 52-week high/low?

Receive News & Ratings for Tremont Mortgage Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tremont Mortgage Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply