NYSE:CMTG

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

$8.59
+0.09 (+1.06%)
(As of 05/16/2024 ET)
Today's Range
$8.46
$8.62
50-Day Range
$8.22
$9.94
52-Week Range
$8.07
$15.25
Volume
291,654 shs
Average Volume
305,712 shs
Market Capitalization
$1.19 billion
P/E Ratio
N/A
Dividend Yield
11.64%
Price Target
$9.50

Claros Mortgage Trust MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.75 Rating Score
Upside/​Downside
10.6% Upside
$9.50 Price Target
Short Interest
Bearish
2.91% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.09mentions of Claros Mortgage Trust in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
103.70%
From $0.27 to $0.55 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.55 out of 5 stars

Finance Sector

596th out of 882 stocks

Real Estate Industry

11th out of 25 stocks

CMTG stock logo

About Claros Mortgage Trust Stock (NYSE:CMTG)

Claros Mortgage Trust, Inc. operates as a real estate investment trust. It focuses on originating senior and subordinate loans on transitional commercial real estate assets in the United States. The company has elected to be taxed as a real estate investment trust. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders. The company was incorporated in 2015 and is headquartered in New York, New York.

CMTG Stock Price History

CMTG Stock News Headlines

Claros Mortgage Trust (NYSE:CMTG) PT Lowered to $9.00
Claros Mortgage Trust earnings: here's what Wall Street expects
Claros Mortgage Trust, Inc. (CMTG)
Decoding 4 Analyst Evaluations For Claros Mortgage Trust
CMTG Mar 2024 10.000 call
Q4 2023 Claros Mortgage Trust Inc Earnings Call
Claros Mortgage Trust: Q4 Earnings Insights
See More Headlines
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Company Calendar

Last Earnings
2/20/2024
Ex-Dividend for 4/15 Dividend
3/27/2024
Dividend Payable
4/15/2024
Today
5/16/2024
Next Earnings (Estimated)
8/06/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate
Sub-Industry
N/A
Fax
N/A
Employees
N/A
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$9.50
High Stock Price Target
$10.00
Low Stock Price Target
$9.00
Potential Upside/Downside
+10.6%
Consensus Rating
Reduce
Rating Score (0-4)
1.75
Research Coverage
4 Analysts

Profitability

Net Income
$6.03 million
Pretax Margin
-28.16%

Debt

Sales & Book Value

Annual Sales
$306.55 million
Cash Flow
$1.45 per share
Book Value
$15.97 per share

Miscellaneous

Free Float
135,833,000
Market Cap
$1.19 billion
Optionable
Optionable
Beta
1.59
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Key Executives

  • Mr. Richard Jay Mack J.D. (Age 56)
    Chairman & CEO
  • Mr. John Michael McGillis CPA (Age 63)
    President, CFO, Principal Financial & Accounting Officer and Director
  • Mr. Jeffrey David Siegel (Age 48)
    Executive VP, General Counsel & Secretary
    Comp: $274.18k
  • Mr. Kevin Cullinan (Age 37)
    Executive Vice President of Originations
  • Ms. Priyanka Garg (Age 49)
    Executive Vice President of Portfolio & Asset Management
  • Ms. Anh Huynh (Age 48)
    Vice President of Investor Relations
  • Mr. Daniel Rosenblum (Age 40)
    VP & Treasurer

CMTG Stock Analysis - Frequently Asked Questions

Should I buy or sell Claros Mortgage Trust stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Claros Mortgage Trust in the last year. There are currently 1 sell rating and 3 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" CMTG shares.
View CMTG analyst ratings
or view top-rated stocks.

What is Claros Mortgage Trust's stock price target for 2024?

4 equities research analysts have issued 1-year target prices for Claros Mortgage Trust's shares. Their CMTG share price targets range from $9.00 to $10.00. On average, they predict the company's share price to reach $9.50 in the next twelve months. This suggests a possible upside of 10.6% from the stock's current price.
View analysts price targets for CMTG
or view top-rated stocks among Wall Street analysts.

How have CMTG shares performed in 2024?

Claros Mortgage Trust's stock was trading at $13.63 at the beginning of the year. Since then, CMTG shares have decreased by 37.0% and is now trading at $8.59.
View the best growth stocks for 2024 here
.

Are investors shorting Claros Mortgage Trust?

Claros Mortgage Trust saw a drop in short interest during the month of April. As of April 15th, there was short interest totaling 3,760,000 shares, a drop of 30.0% from the March 31st total of 5,370,000 shares. Based on an average daily volume of 293,800 shares, the short-interest ratio is presently 12.8 days. Currently, 3.0% of the shares of the stock are sold short.
View Claros Mortgage Trust's Short Interest
.

When is Claros Mortgage Trust's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 6th 2024.
View our CMTG earnings forecast
.

How were Claros Mortgage Trust's earnings last quarter?

Claros Mortgage Trust, Inc. (NYSE:CMTG) released its quarterly 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 analysts' expectations of $72.79 million. Claros Mortgage Trust had a negative net margin of 28.16% and a positive trailing twelve-month return on equity of 1.51%.

How often does Claros Mortgage Trust pay dividends? What is the dividend yield for Claros Mortgage Trust?

Claros Mortgage Trust declared a quarterly dividend on Friday, March 15th. Investors of record on Friday, March 29th will be paid a dividend of $0.25 per share on Monday, April 15th. This represents a $1.00 dividend on an annualized basis and a yield of 11.64%. The ex-dividend date is Wednesday, March 27th.
Read our dividend analysis for CMTG
.

Is Claros Mortgage Trust a good dividend stock?

Claros Mortgage Trust (NYSE:CMTG) pays an annual dividend of $1.00 per share and currently has a dividend yield of 12.05%. CMTG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for CMTG.

What ETFs hold Claros Mortgage Trust's stock?

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

When did Claros Mortgage Trust IPO?

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.

Who are Claros Mortgage Trust's major shareholders?

Claros Mortgage Trust's stock is owned by a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (8.26%), Van ECK Associates Corp (0.23%), Price T Rowe Associates Inc. MD (0.06%), Mirae Asset Global Investments Co. Ltd. (0.03%), ProShare Advisors LLC (0.01%) and Lazard Asset Management LLC (0.01%). Insiders that own company stock include Jeffrey D Siegel, Steven Leonard Richman and W Edward Walter.
View institutional ownership trends
.

How do I buy shares of Claros Mortgage Trust?

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.

This page (NYSE:CMTG) was last updated on 5/16/2024 by MarketBeat.com Staff

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