Claros Mortgage Trust (CMTG) Stock Price, News & Analysis

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Claros Mortgage Trust in the last year. There are currently 1 sell rating and 4 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "reduce" CMTG shares.
View CMTG analyst ratings or view top-rated stocks.

5 analysts have issued twelve-month target prices for Claros Mortgage Trust's shares. Their CMTG share price targets range from $9.50 to $11.00. On average, they expect the company's share price to reach $10.00 in the next year. This suggests a possible upside of 12.2% from the stock's current price.
View analysts price targets for CMTG or view top-rated stocks among Wall Street analysts.

Claros Mortgage Trust's stock was trading at $13.63 on January 1st, 2024. Since then, CMTG shares have decreased by 34.6% and is now trading at $8.91.
View the best growth stocks for 2024 here.

Claros Mortgage Trust saw a increase in short interest in March. As of March 31st, there was short interest totaling 5,370,000 shares, an increase of 39.5% from the March 15th total of 3,850,000 shares. Based on an average daily trading volume, of 299,800 shares, the short-interest ratio is presently 17.9 days. Currently, 4.2% of the company's stock are sold short.
View Claros Mortgage Trust's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our CMTG earnings forecast.

Claros Mortgage Trust, Inc. (NYSE:CMTG) posted its earnings results on Tuesday, February, 20th. The company reported $0.31 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.19. The firm had revenue of $75.98 million for the quarter, compared to analyst estimates of $72.79 million. Claros Mortgage Trust had a trailing twelve-month return on equity of 2.01% and a net margin of 1.97%.

Claros Mortgage Trust declared a quarterly dividend on Friday, March 15th. Shareholders of record on Friday, March 29th will be given a dividend of $0.25 per share on Monday, April 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 11.22%. The ex-dividend date is Wednesday, March 27th.
Read our dividend analysis for CMTG.

Claros Mortgage Trust (NYSE:CMTG) pays an annual dividend of $1.00 per share and currently has a dividend yield of 11.60%. CMTG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 5,002.50%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, CMTG will have a dividend payout ratio of 128.21% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for CMTG.

ETFs with the largest weight of Claros Mortgage Trust (NYSE:CMTG) stock in their portfolio include WisdomTree Alternative Income Fund (HYIN) and iShares Mortgage Real Estate ETF (REM).VanEck Mortgage REIT Income ETF (MORT).

Claros Mortgage Trust (CMTG) raised $106 million in an initial public offering (IPO) on Wednesday, November 3rd 2021. The company issued 5,524,934 shares at $18.65-$19.65 per share.

Shares of CMTG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.