The stock of Trez Capital Mortgage Investment Corp (TSE:TZZ) is a huge mover today! About 17,617 shares traded hands. Trez Capital Mortgage Investment Corp (TSE:TZZ) has declined 0.88% since March 30, 2016 and is downtrending. It has underperformed by 2.09% the S&P500.
The move comes after 8 months negative chart setup for the $132.11M company. It was reported on Nov, 3 by Barchart.com. We have $6.93 PT which if reached, will make TSE:TZZ worth $15.85 million less.
More recent Trez Capital Mortgage Investment Corp (TSE:TZZ) news were published by: Reuters.com which released: “BRIEF-Trez Capital Mortgage Investment Corporation announces the retiremen…” on September 29, 2016. Also Marketwired.com published the news titled: “Trez Capital Mortgage Investment Corporation Calls Special and Annual Meeting …” on February 18, 2016. Business.Financialpost.com‘s news article titled: “Two of Trez Capital’s MICs set to become public companies” with publication date: October 16, 2013 was also an interesting one.
Trez Capital Mortgage Investment Corporation is a Canada non-bank lender providing residential and commercial short-term bridge and conventional real estate financing, including construction and mezzanine mortgages. The company has a market cap of $132.11 million. The investment objectives of the Company are to acquire and maintain a diversified portfolio of mortgages that preserves capital and generates returns in order to permit the Company to pay monthly distributions to its Class A Shareholders. It has a 35.1 P/E ratio. The Firm focuses on short-term bridge financing mortgages to qualified real estate investors and developers.
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