JMP Securities initiated coverage on shares of Tremont Mortgage Trust (NASDAQ:TRMT) in a research report report published on Wednesday morning, Benzinga’s Daily Ratings Newsletter reports. The firm issued an outperform rating and a $6.00 price objective on the stock.
A number of other research firms also recently commented on TRMT. Citigroup reduced their price objective on shares of Tremont Mortgage Trust from $9.50 to $5.00 and set a neutral rating on the stock in a research note on Wednesday, June 5th. UBS Group set a €117.00 ($136.05) price objective on shares of SAP and gave the company a neutral rating in a research note on Tuesday, May 21st.
Shares of TRMT stock opened at $4.29 on Wednesday. The company has a fifty day moving average price of $4.47. The company has a quick ratio of 12.62, a current ratio of 12.63 and a debt-to-equity ratio of 2.25. Tremont Mortgage Trust has a twelve month low of $3.87 and a twelve month high of $13.80.
In related news, Director Joseph Morea acquired 10,000 shares of Tremont Mortgage Trust stock in a transaction on Friday, May 17th. The shares were purchased at an average cost of $5.23 per share, for a total transaction of $52,300.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider David M. Blackman acquired 5,000 shares of Tremont Mortgage Trust stock in a transaction on Friday, May 17th. The shares were bought at an average price of $5.18 per share, for a total transaction of $25,900.00. The disclosure for this purchase can be found here. Corporate insiders own 20.20% of the company’s stock.
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.
Featured Story: What are the benefits of a portfolio tracker?
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.