UBS AG started coverage on shares of Tremont Mortgage Trust (NASDAQ:TRMT) in a research report report published on Tuesday morning. The brokerage issued a buy rating and a $21.00 price objective on the stock.
Separately, Citigroup Inc. initiated coverage on shares of Tremont Mortgage Trust in a research report on Monday. They issued a neutral rating and a $17.00 price target on the stock.
Tremont Mortgage Trust (TRMT) traded up 2.64% on Tuesday, reaching $16.74. 825 shares of the company’s stock were exchanged. The company’s market cap is $51.89 million. Tremont Mortgage Trust has a 12-month low of $15.70 and a 12-month high of $17.94. The firm has a 50 day moving average of $16.55 and a 200-day moving average of $16.55.
About Tremont Mortgage Trust
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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