Tremont Mortgage Trust (NASDAQ:TRMT) issued its quarterly earnings results on Wednesday. The company reported $0.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.02, Fidelity Earnings reports. The business had revenue of $2.97 million for the quarter. Tremont Mortgage Trust had a net margin of 26.87% and a return on equity of 2.40%.
Shares of Tremont Mortgage Trust stock traded down $0.09 on Thursday, hitting $4.86. 43,800 shares of the company’s stock were exchanged, compared to its average volume of 69,298. The company has a 50-day simple moving average of $4.85 and a 200-day simple moving average of $5.23. The stock has a market capitalization of $39.65 million, a PE ratio of 12.41 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 company has a debt-to-equity ratio of 2.13, a quick ratio of 11.37 and a current ratio of 11.37.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Monday, October 28th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 18.11%. 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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