Tremont Mortgage Trust (NASDAQ:TRMT) Sees Large Decline in Short Interest

Tremont Mortgage Trust (NASDAQ:TRMT) was the target of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 4,800 shares, a decrease of 63.9% from the September 30th total of 13,300 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 48,600 shares, the short-interest ratio is presently 0.1 days.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Royal Bank of Canada raised its holdings in Tremont Mortgage Trust by 207.3% in the second quarter. Royal Bank of Canada now owns 19,989 shares of the company’s stock worth $83,000 after purchasing an additional 13,484 shares during the period. PVG Asset Management Corp raised its holdings in shares of Tremont Mortgage Trust by 373.4% during the second quarter. PVG Asset Management Corp now owns 326,646 shares of the company’s stock worth $1,349,000 after acquiring an additional 257,646 shares during the period. Vanguard Group Inc. raised its holdings in shares of Tremont Mortgage Trust by 105.3% during the second quarter. Vanguard Group Inc. now owns 197,385 shares of the company’s stock worth $815,000 after acquiring an additional 101,248 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Tremont Mortgage Trust during the second quarter worth $165,000. Finally, Rational Advisors LLC raised its holdings in shares of Tremont Mortgage Trust by 15.0% during the second quarter. Rational Advisors LLC now owns 76,500 shares of the company’s stock worth $316,000 after acquiring an additional 10,000 shares during the period. Institutional investors own 11.15% of the company’s stock.

Separately, ValuEngine upgraded shares of Tremont Mortgage Trust from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd.

TRMT traded down $0.01 during mid-day trading on Friday, hitting $4.90. The stock had a trading volume of 620 shares, compared to its average volume of 98,112. The stock’s fifty day simple moving average is $4.86 and its 200-day simple moving average is $5.07. The company has a debt-to-equity ratio of 1.50, a current ratio of 13.26 and a quick ratio of 11.37. The firm has a market capitalization of $40.29 million, a price-to-earnings ratio of 7.41 and a beta of 1.16. Tremont Mortgage Trust has a 1-year low of $3.87 and a 1-year high of $11.00.

Tremont Mortgage Trust (NASDAQ:TRMT) last posted its earnings results on Wednesday, November 6th. The company reported $0.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.02. The company had revenue of $2.97 million for the quarter. Tremont Mortgage Trust had a net margin of 45.96% and a return on equity of 5.08%.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, October 28th were issued a $0.22 dividend. The ex-dividend date was Friday, October 25th. This represents a $0.88 annualized dividend and a yield of 17.96%.

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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