Tremont Mortgage Trust (NASDAQ:TRMT) was upgraded by analysts at TheStreet from a “d” rating to a “c” rating in a research report issued on Monday, TheStreetRatingsTable reports.

Separately, UBS Group decreased their price objective on Tremont Mortgage Trust from $5.00 to $3.00 and set a “neutral” rating for the company in a report on Thursday, July 9th. Four equities research analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and a consensus target price of $2.75.

Shares of NASDAQ TRMT opened at $2.88 on Monday. The company has a current ratio of 14.89, a quick ratio of 14.89 and a debt-to-equity ratio of 2.27. The stock has a market capitalization of $23.73 million, a PE ratio of 3.19 and a beta of 1.65. The stock’s fifty day simple moving average is $2.85 and its two-hundred day simple moving average is $2.77. Tremont Mortgage Trust has a 12-month low of $1.63 and a 12-month high of $6.86.

Tremont Mortgage Trust (NASDAQ:TRMT) last announced its earnings results on Tuesday, August 4th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.12. Tremont Mortgage Trust had a return on equity of 8.52% and a net margin of 60.51%.

A number of hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp raised its stake in shares of Tremont Mortgage Trust by 9.6% during the 1st quarter. Bank of New York Mellon Corp now owns 69,805 shares of the company’s stock valued at $147,000 after buying an additional 6,120 shares during the last quarter. Royal Bank of Canada grew its position in shares of Tremont Mortgage Trust by 77.9% during the 1st quarter. Royal Bank of Canada now owns 12,460 shares of the company’s stock valued at $26,000 after acquiring an additional 5,455 shares during the period. Finally, Almitas Capital LLC acquired a new stake in shares of Tremont Mortgage Trust during the 1st quarter valued at about $564,000. Institutional investors own 6.62% of the company’s stock.

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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