Tremont Mortgage Trust (NASDAQ:TRMT) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $10.02 and last traded at $10.02, with a volume of 14242 shares. The stock had previously closed at $10.26.
The company has a quick ratio of 50.82, a current ratio of 50.82 and a debt-to-equity ratio of 0.88.
Tremont Mortgage Trust (NASDAQ:TRMT) last posted its quarterly earnings results on Friday, November 2nd. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.08). The company had revenue of $0.82 million for the quarter.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Rational Advisors LLC purchased a new position in Tremont Mortgage Trust during the second quarter worth about $1,374,000. PVG Asset Management Corp purchased a new position in Tremont Mortgage Trust during the second quarter worth about $1,374,000. Highland Capital Management LP purchased a new position in Tremont Mortgage Trust during the second quarter worth about $249,000. Finally, Raymond James & Associates purchased a new position in Tremont Mortgage Trust during the second quarter worth about $172,000. 23.48% of the stock is owned by hedge funds and other institutional investors.
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About Tremont Mortgage Trust (NASDAQ:TRMT)
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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