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. The firm has a market cap of $23.77 million, a PE ratio of 3.20 and a beta of 1.65. The stock has a fifty day moving average price of $2.88 and a 200 day moving average price of $2.59. Tremont Mortgage Trust has a 12-month low of $1.63 and a 12-month high of $6.86. The company has a current ratio of 14.89, a quick ratio of 14.89 and a debt-to-equity ratio of 2.27.
A number of research analysts recently issued reports on the company. UBS Group decreased their target price on Tremont Mortgage Trust from $5.00 to $3.00 and set a “neutral” rating for the company in a report on Thursday, July 9th. TheStreet upgraded 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, Tremont Mortgage Trust presently has an average rating of “Hold” and a consensus 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.
Recommended Story: Why Invest in Dividend Kings
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.