Tremont Mortgage Trust’s Quiet Period Will End on October 24th (NASDAQ:TRMT)
Tremont Mortgage Trust’s (NASDAQ:TRMT) quiet period will end on Tuesday, October 24th. Tremont Mortgage Trust had issued 2,500,000 shares in its public offering on September 14th. The total size of the offering was $50,000,000 based on an initial share price of $20.00. During Tremont Mortgage Trust’s quiet period, underwriters and any insiders involved in the IPO are restricted from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.
A number of research firms recently weighed in on TRMT. UBS AG began coverage on shares of Tremont Mortgage Trust in a research note on Tuesday, October 10th. They set a “buy” rating and a $21.00 target price on the stock. Citigroup Inc. began coverage on shares of Tremont Mortgage Trust in a research note on Monday, October 9th. They set a “neutral” rating and a $17.00 target price on the stock.
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Shares of Tremont Mortgage Trust (NASDAQ TRMT) opened at 17.00 on Tuesday. The company’s 50 day moving average is $16.58 and its 200-day moving average is $16.58. The stock’s market capitalization is $52.70 million. Tremont Mortgage Trust has a 1-year low of $15.70 and a 1-year high of $17.94.
Tremont Mortgage Trust Company Profile
Tremont Mortgage Trust is a real estate investment trust. The Company is focused primarily on originating and investing in first mortgage loans secured by middle market and transitional commercial real estate (CRE). Its investments also include subordinated mortgages, mezzanine loans and preferred equity interests in entities that own middle market and transitional CRE.
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