Salem Investment Counselors Inc. acquired a new stake in Tremont Mortgage Trust (NASDAQ:TRMT) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 24,000 shares of the company’s stock, valued at approximately $401,000. Salem Investment Counselors Inc. owned approximately 0.77% of Tremont Mortgage Trust as of its most recent SEC filing.
A number of research analysts have recently commented on TRMT shares. UBS Group began coverage on Tremont Mortgage Trust in a research note on Tuesday, October 10th. They issued a “buy” rating and a $21.00 price objective on the stock. Citigroup began coverage on Tremont Mortgage Trust in a report on Monday, October 9th. They set a “neutral” rating and a $17.00 target price for the company.
Shares of Tremont Mortgage Trust (TRMT) remained flat at $$20.00 during mid-day trading on Friday.
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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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