Tremont Mortgage Trust’s (NASDAQ:TRMT) lock-up period will end on Tuesday, March 13th. 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. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the expiration of the lock-up period.
Shares of Tremont Mortgage Trust (NASDAQ:TRMT) opened at $13.31 on Friday. Tremont Mortgage Trust has a one year low of $13.02 and a one year high of $17.94.
Tremont Mortgage Trust (NASDAQ:TRMT) last released its earnings results on Thursday, February 22nd. The company reported ($0.34) earnings per share for the quarter.
A hedge fund recently bought a new stake in Tremont Mortgage Trust stock. Salem Investment Counselors Inc. bought a new stake in Tremont Mortgage Trust (NASDAQ:TRMT) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 24,000 shares of the company’s stock, valued at approximately $401,000. Salem Investment Counselors Inc. owned 0.77% of Tremont Mortgage Trust as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 13.26% of the company’s stock.
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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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