Claros Mortgage Trust (CMTG) Scheduled to Post Earnings on Monday

Claros Mortgage Trust (NYSE:CMTG) will be announcing its earnings results after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of $0.16 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Claros Mortgage Trust (NYSE:CMTG) last issued its quarterly earnings results on Tuesday, February 20th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.12 by $0.19. Claros Mortgage Trust had a net margin of 1.97% and a return on equity of 2.01%. The firm had revenue of $75.98 million for the quarter, compared to analysts’ expectations of $72.79 million. On average, analysts expect Claros Mortgage Trust to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Claros Mortgage Trust Stock Performance

Shares of NYSE CMTG opened at $9.29 on Friday. The stock has a market capitalization of $1.29 billion, a PE ratio of 464.48 and a beta of 1.59. The company has a debt-to-equity ratio of 2.09, a quick ratio of 25.03 and a current ratio of 25.03. Claros Mortgage Trust has a 52 week low of $8.37 and a 52 week high of $15.25. The stock has a 50 day moving average price of $9.32 and a 200 day moving average price of $11.00.

Claros Mortgage Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 10.77%. The ex-dividend date of this dividend was Wednesday, March 27th. Claros Mortgage Trust’s dividend payout ratio is currently 5,002.50%.

Analyst Ratings Changes

CMTG has been the subject of several research analyst reports. Keefe, Bruyette & Woods reduced their target price on Claros Mortgage Trust from $9.75 to $9.50 and set an “underperform” rating for the company in a research note on Wednesday, April 10th. UBS Group dropped their price target on shares of Claros Mortgage Trust from $11.50 to $10.00 and set a “neutral” rating for the company in a research report on Wednesday, March 20th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Claros Mortgage Trust from $11.00 to $9.50 and set a “neutral” rating for the company in a research report on Wednesday, April 10th.

Claros Mortgage Trust Company Profile

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.