Tremont Mortgage Trust (NASDAQ:TRMT) Announces Earnings Results
Tremont Mortgage Trust (NASDAQ:TRMT) announced its quarterly earnings results on Wednesday. The company reported $0.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.02, Fidelity Earnings reports. The company had revenue of $2.97 million during the quarter. Tremont Mortgage Trust had a return on equity of 2.40% and a net margin of 26.87%.
TRMT stock traded down $0.08 during trading on Friday, hitting $4.78. The company had a trading volume of 300 shares, compared to its average volume of 90,719. The firm has a market cap of $38.62 million, a PE ratio of 12.09 and a beta of 1.16. Tremont Mortgage Trust has a 1-year low of $3.87 and a 1-year high of $11.95. The firm has a 50-day moving average price of $4.85 and a 200-day moving average price of $5.23. The company has a quick ratio of 11.37, a current ratio of 11.37 and a debt-to-equity ratio of 2.13.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Monday, October 28th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 18.41%. The ex-dividend date of this dividend is Friday, October 25th.
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.
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