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Tremont Mortgage Trust (TRMT)

Stock Price: $5.82 USD 0.05 (0.87%)
Updated Jul 29, 2021 11:51 AM EDT - Market open
Market Cap 47.71M
Revenue (ttm) 17.88M
Net Income (ttm) 6.50M
Shares Out 8.31M
EPS (ttm) 1.07
PE Ratio 5.44
Forward PE 5.97
Dividend $0.13
Dividend Yield 2.23%
Trading Day July 29
Last Price $5.82
Previous Close $5.77
Change ($) 0.05
Change (%) 0.87%
Day's Open 5.81
Day's Range 5.78 - 5.86
Day's Volume 6,950
52-Week Range 1.89 - 6.38

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Shares of Tremont Mortgage (NASDAQ:TRMT) were flat in after-market trading after the company reported Q2 results. Quarterly Results Earnings per share decreased 16.67% year over year to $0.25, which bea...

1 day ago - Benzinga

NEWTON, Mass.--(BUSINESS WIRE)--Tremont Mortgage Trust (Nasdaq: TRMT) today announced financial results for the quarter and six months ended June 30, 2021. Tom Lorenzini, President of TRMT, made the fol...

1 day ago - Business Wire

NEWTON, Mass.--(BUSINESS WIRE)--Tremont Mortgage Trust (Nasdaq: TRMT) today announced a regular quarterly cash distribution on its common shares of $0.10 per common share ($0.40 per share per year). The...

2 weeks ago - Business Wire

NEWTON, Mass.--(BUSINESS WIRE)--Tremont Mortgage Trust (Nasdaq: TRMT) today announced that it will issue a press release containing its second quarter 2021 financial results after the Nasdaq closes on T...

1 month ago - Business Wire

NEWTON, Mass.--(BUSINESS WIRE)--Tremont Mortgage Trust (Nasdaq: TRMT) today announced the results of its 2021 Annual Meeting of Shareholders which was held today. Matthew P. Jordan was re-elected as a M...

2 months ago - Business Wire

NEWTON, Mass.--(BUSINESS WIRE)--Tremont Mortgage Trust (Nasdaq: TRMT) today announced the closing of a $15.3 million first mortgage floating-rate bridge loan to refinance Prime Center at Northridge offi...

2 months ago - Business Wire

NEW YORK, May 25, 2021 /PRNewswire/ -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies: Proofpoint, Inc. (NASDAQ: PFPT) concerning potential vi...

Other stocks mentioned: FBC, FCBP, MRLN, PFPT
2 months ago - PRNewsWire

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Tremont Mortgage T...

3 months ago - Business Wire

NEW YORK, April 27, 2021 /PRNewswire/ --  Juan Monteverde , founder and managing partner at Monteverde & Associates PC, a national securities firm rated Top 50 in the 2018-2020 ISS Securities Class Acti...

3 months ago - PRNewsWire

NEWTON, Mass.--(BUSINESS WIRE)--Tremont Mortgage Trust (Nasdaq: TRMT) today announced financial results for the quarter ended March 31, 2021. Tom Lorenzini, President of TRMT, made the following stateme...

3 months ago - Business Wire

NEW YORK, April 27, 2021 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Tremont Mortgage Trust (NASDAQ: TRMT) and its board of directors concerning the proposed ...

Other stocks mentioned: RMRM
3 months ago - PRNewsWire

NEW YORK, April 26, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Tremont Mortgage Trust ("TRMT" or the ...

Other stocks mentioned: RMRM
3 months ago - PRNewsWire

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Tremont Mortgage Trust (NASDAQ: TRMT) to RMR Mortgage Trust is fair to Tremont shareh...

3 months ago - Business Wire

NEWTON, Mass.--(BUSINESS WIRE)--RMR Mortgage Trust (Nasdaq: RMRM) and Tremont Mortgage Trust (Nasdaq: TRMT) today announced that they have entered into a definitive merger agreement pursuant to which TR...

Other stocks mentioned: RMRM
3 months ago - Business Wire

NEWTON, Mass.--(BUSINESS WIRE)--RMR Mortgage Trust (Nasdaq: RMRM) and Tremont Mortgage Trust (Nasdaq: TRMT) today announced that they have entered into a definitive merger agreement pursuant to which TR...

Other stocks mentioned: RMRM
3 months ago - Business Wire

NEWTON, Mass.--(BUSINESS WIRE)--Tremont Mortgage Trust (Nasdaq: TRMT) today announced a regular quarterly cash distribution on its common shares of $0.10 per common share ($0.40 per share per year). The...

3 months ago - Business Wire

NEWTON, Mass.--(BUSINESS WIRE)--Tremont Mortgage Trust (Nasdaq: TRMT) today announced that it will issue a press release containing its first quarter 2021 financial results after the Nasdaq closes on Tu...

3 months ago - Business Wire

NEWTON, Mass.--(BUSINESS WIRE)--Tremont Mortgage Trust (Nasdaq: TRMT) today announced financial results for the quarter ended December 31, 2020. Thomas Lorenzini, President of TRMT, made the following s...

5 months ago - Business Wire

Tremont Mortgage (NASDAQ:TRMT) announces its next round of earnings this Friday, February 19. Here is Benzinga's look at Tremont Mortgage's Q4 earnings report.

5 months ago - Benzinga

NEWTON, Mass.--(BUSINESS WIRE)--Tremont Mortgage Trust (Nasdaq:TRMT) today announced that it will issue a press release containing its fourth quarter 2020 financial results after the Nasdaq closes on Fr...

6 months ago - Business Wire

NEWTON, Mass.--(BUSINESS WIRE)--Tremont Mortgage Trust (Nasdaq: TRMT) today announced that the characterization of dividends for 2020 income tax reporting purposes is as follows: Common Shares     Divid...

6 months ago - Business Wire

NEWTON, Mass.--(BUSINESS WIRE)--Tremont Mortgage Trust (Nasdaq: TRMT) today announced a one-time cash distribution on its common shares of $0.53 per common share. TRMT's Board of Trustees has declared t...

7 months ago - Business Wire

Tremont Mortgage Trust (TRMT) CEO David Blackman on Q3 2020 Results - Earnings Call Transcript

8 months ago - Seeking Alpha

Tremont Mortgage Trust's (TRMT) CEO David Blackman on Q3 2020 Results - Earnings Call Transcript

8 months ago - Seeking Alpha

NEWTON, Mass.--(BUSINESS WIRE)--Tremont Mortgage Trust (Nasdaq: TRMT) today announced financial results for the quarter and nine months ended September 30, 2020. David Blackman, President and Chief Exec...

8 months ago - Business Wire

NEWTON, Mass.--(BUSINESS WIRE)--Tremont Mortgage Trust (Nasdaq: TRMT) today announced that it has extended the maturity date of its Master Repurchase Facility with Citibank, N.A. by one year from Novemb...

8 months ago - Business Wire

Dividend slashed, but core income unaffected so far. Concentrated, risky portfolio continues to perform.

9 months ago - Seeking Alpha

NEWTON, Mass.--(BUSINESS WIRE)--Tremont Mortgage Trust (Nasdaq: TRMT) today announced a regular quarterly cash distribution on its common shares of $0.01 per common share ($0.04 per share per year). The...

9 months ago - Business Wire

NEWTON, Mass.--(BUSINESS WIRE)--Tremont Mortgage Trust (Nasdaq: TRMT) today announced that Thomas J. Lorenzini has been appointed President effective January 1, 2021. Mr. Lorenzini has served as Managin...

9 months ago - Business Wire

NEWTON, Mass.--(BUSINESS WIRE)--Tremont Mortgage Trust (Nasdaq: TRMT) today announced that it will issue a press release containing its third quarter 2020 financial results before the Nasdaq opens on Tu...

9 months ago - Business Wire

Tremont Mortgage Trust (TRMT) CEO David Blackman on Q2 2020 Results - Earnings Call Transcript

11 months ago - Seeking Alpha

NEWTON, Mass.--(BUSINESS WIRE)--Tremont Mortgage Trust (Nasdaq: TRMT) today announced financial results for the quarter and six months ended June 30, 2020.

11 months ago - Business Wire

NEWTON, Mass.--(BUSINESS WIRE)--Tremont Mortgage Trust (Nasdaq: TRMT) today announced a regular quarterly cash distribution on its common shares of $0.01 per common share ($0.04 per share per year).

1 year ago - Business Wire

NEWTON, Mass.--(BUSINESS WIRE)--Tremont Mortgage Trust (Nasdaq: TRMT) today announced that its manager, Tremont Realty Advisors LLC (TRA), has agreed to extend the waiver of its annual base management f...

1 year ago - Business Wire

Tremont Mortgage Trust (TRMT) CEO David Blackman on Q1 2020 Results - Earnings Call Transcript

1 year ago - Seeking Alpha

Shares of Tremont Mortgage (NASDAQ:TRMT) were flat in pre-market trading after the company reported Q1 results.

1 year ago - Benzinga

Tremont Mortgage Trust (TRMT) CEO David Blackman on Q4 2019 Results - Earnings Call Transcript

1 year ago - Seeking Alpha

Tremont Mortgage: An mREIT Trading 40% Below NAV That Is About To Have A 14.5% Dividend Yield

1 year ago - Seeking Alpha

Tremont Mortgage Trust (TRMT) CEO David Blackman on Q3 2019 Results - Earnings Call Transcript

1 year ago - Seeking Alpha

Tremont Mortgage Trust (TRMT) CEO David Blackman on Q2 2019 - Earnings Call Transcript

1 year ago - Seeking Alpha

Tremont Mortgage Trust's (TRMT) CEO David Blackman on Q1 2019 Results - Earnings Call Transcript

2 years ago - Seeking Alpha

TRMT is a broken IPO down 55% since listing in September 2017.

2 years ago - Seeking Alpha

About 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. Tremont Mortgage Trust was founded in 2017 and is headquartered in Newton, Massachusetts.

Industry
REIT-Mortgage
IPO Date
Sep 14, 2017
Stock Exchange
NASDAQ
Ticker Symbol
TRMT
Full Company Profile

Financial Performance

In 2020, TRMT's revenue was $18.03 million, an increase of 16.51% compared to the previous year's $15.48 million. Earnings were $8.85 million, an increase of 82.83%.

Financial Statements

Analyst Forecasts

According to 2 analysts, the average rating for TRMT stock is "Hold." The 12-month stock price forecast is 5.50, which is a decrease of -5.50% from the latest price.

Price Target
$5.50
(-5.50% downside)
Analyst Consensus: Hold