Tremont Mortgage Trust (NASDAQ:TRMT) declared a quarterly dividend on Thursday, January 16th, Zacks reports. Investors of record on Monday, January 27th will be given a dividend of 0.22 per share on Thursday, February 20th. This represents a $0.88 annualized dividend and a yield of 15.04%. The ex-dividend date of this dividend is Friday, January 24th.
Tremont Mortgage Trust has a dividend payout ratio of 103.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.
Tremont Mortgage Trust stock traded up $0.16 during trading on Friday, hitting $5.85. The company’s stock had a trading volume of 93,164 shares, compared to its average volume of 105,836. The stock has a market capitalization of $46.31 million, a price-to-earnings ratio of 8.52 and a beta of 1.20. The stock’s fifty day moving average is $5.07 and its 200 day moving average is $4.77. Tremont Mortgage Trust has a 1-year low of $3.87 and a 1-year high of $11.00. The company has a debt-to-equity ratio of 1.50, a quick ratio of 13.26 and a current ratio of 13.26.
Tremont Mortgage Trust (NASDAQ:TRMT) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.02. The company had revenue of $2.97 million during the quarter. Tremont Mortgage Trust had a return on equity of 5.08% and a net margin of 45.96%.
Separately, ValuEngine raised Tremont Mortgage Trust from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd.
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.
Featured Story: Holder of Record
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.