Tremont Mortgage Trust (NASDAQ:TRMT) declared a quarterly dividend on Thursday, October 15th, Zacks reports. Investors of record on Monday, October 26th will be given a dividend of 0.01 per share on Thursday, November 19th. This represents a $0.04 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend is Friday, October 23rd.
Tremont Mortgage Trust has a payout ratio of 3.8% indicating that its dividend is sufficiently covered by earnings.
NASDAQ:TRMT opened at $2.88 on Friday. Tremont Mortgage Trust has a 52 week low of $1.63 and a 52 week high of $6.86. The firm has a market cap of $23.77 million, a price-to-earnings ratio of 3.20 and a beta of 1.65. The firm’s 50-day simple moving average is $2.88 and its 200 day simple moving average is $2.59. The company has a debt-to-equity ratio of 2.27, a quick ratio of 14.89 and a current ratio of 14.89.
A number of brokerages have issued reports on TRMT. UBS Group reduced their price objective on shares of Tremont Mortgage Trust from $5.00 to $3.00 and set a “neutral” rating on the stock in a research note on Thursday, July 9th. TheStreet upgraded shares of Tremont Mortgage Trust from a “d” rating to a “c” rating in a research note on Monday, September 14th. Four research analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and an average price target of $2.75.
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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