Tremont Mortgage Trust (TRMT) Cut to Neutral at UBS Group

Tremont Mortgage Trust (NASDAQ:TRMT) was downgraded by research analysts at UBS Group from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday, The Fly reports.

NASDAQ:TRMT opened at $5.17 on Tuesday. Tremont Mortgage Trust has a 52 week low of $5.06 and a 52 week high of $13.80. 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 (NASDAQ:TRMT) last released its quarterly 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. Tremont Mortgage Trust had a negative net margin of 1.81% and a negative return on equity of 0.14%. The business had revenue of $1.45 million for the quarter.

In other news, insider David M. Blackman bought 5,000 shares of the firm’s stock in a transaction on Friday, May 17th. The shares were purchased at an average cost of $5.18 per share, with a total value of $25,900.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 20.20% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC bought a new position in Tremont Mortgage Trust in the 1st quarter valued at about $105,000. Raymond James & Associates increased its holdings in Tremont Mortgage Trust by 31.8% in the 1st quarter. Raymond James & Associates now owns 19,900 shares of the company’s stock valued at $175,000 after buying an additional 4,800 shares during the period. Finally, BB&T Securities LLC increased its holdings 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 valued at $1,685,000 after buying an additional 21,702 shares during the period. 20.34% of the stock is currently owned by hedge funds and other institutional investors.

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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