Parallel Advisors LLC lessened its position in Tremont Mortgage Trust (NASDAQ:TRMT) by 50.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,000 shares of the company’s stock after selling 4,000 shares during the quarter. Parallel Advisors LLC’s holdings in Tremont Mortgage Trust were worth $36,000 as of its most recent SEC filing.
Separately, Raymond James & Associates purchased a new position in shares of Tremont Mortgage Trust during the 2nd quarter worth $172,000. Institutional investors own 22.87% of the company’s stock.
Shares of Tremont Mortgage Trust stock opened at $8.55 on Thursday. Tremont Mortgage Trust has a fifty-two week low of $8.06 and a fifty-two week high of $14.70. The company has a debt-to-equity ratio of 1.73, a current ratio of 29.75 and a quick ratio of 29.75.
Tremont Mortgage Trust (NASDAQ:TRMT) last issued its quarterly earnings results on Thursday, February 7th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.07). Tremont Mortgage Trust had a negative return on equity of 2.70% and a negative net margin of 49.86%. The business had revenue of $1.78 million for the quarter.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 21st. Shareholders of record on Monday, January 28th will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 5.15%. The ex-dividend date is Friday, January 25th.
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Tremont Mortgage Trust 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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