Citigroup Inc. Begins Coverage on Tremont Mortgage Trust (TRMT)

Citigroup Inc. initiated coverage on shares of Tremont Mortgage Trust (NASDAQ:TRMT) in a report issued on Monday morning. The brokerage issued a neutral rating and a $17.00 target price on the stock.

Shares of Tremont Mortgage Trust (NASDAQ TRMT) opened at 16.45 on Monday. The stock’s market cap is $51.00 million. Tremont Mortgage Trust has a 52-week low of $15.70 and a 52-week high of $17.94. The stock’s 50 day moving average is $16.54 and its 200 day moving average is $16.54.

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About Tremont Mortgage Trust

Tremont Mortgage Trust is a real estate investment trust. The Company is focused primarily on originating and investing in first mortgage loans secured by middle market and transitional commercial real estate (CRE). Its investments also include subordinated mortgages, mezzanine loans and preferred equity interests in entities that own middle market and transitional CRE.

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