TRMT - Tremont Mortgage Trust: The Winning Streak Continues (TRMT)
Tremont Mortgage Trust (NASDAQ:TRMT) traded today at a new 52-week high of $6.34. This new high was reached on above average trading volume as 102,000 shares traded hands, while the average 30-day volume is approximately 39,000 shares.
Potential upside of 0.3% exists for Tremont Mortgage Trust, based on a current level of $5.76 and analysts' average consensus price target of $5.78.
In the past 52 weeks, Tremont Mortgage Trust share prices are bracketed by a low of $1.63 and a high of $6.34 and is now at $5.76, 253% above that low price.
Tremont Mortgage Trust is a US-based real estate investment trust. It primarily focuses on originating and investing in first mortgage loans secured by the middle market and transitional commercial real estate (CRE). The company seeks to achieve higher returns by investing in commercial properties which are subject to redevelopment or repositioning activities which are expected to increase the value of the properties.
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