Claros Mortgage Trust (CMTG) Expected to Announce Quarterly Earnings on Wednesday

Claros Mortgage Trust (NYSE:CMTG) is expected to release its Q1 2025 earnings data after the market closes on Wednesday, May 7th. Analysts expect the company to announce earnings of ($0.32) per share and revenue of $41.91 million for the quarter.

Claros Mortgage Trust (NYSE:CMTG) last issued its earnings results on Wednesday, February 19th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.03. The business had revenue of $60.23 million during the quarter, compared to the consensus estimate of $58.07 million. Claros Mortgage Trust had a positive return on equity of 4.72% and a negative net margin of 89.07%.

Claros Mortgage Trust Stock Performance

Shares of CMTG stock opened at $2.68 on Monday. The company has a quick ratio of 20.68, a current ratio of 25.67 and a debt-to-equity ratio of 2.08. Claros Mortgage Trust has a 52 week low of $2.13 and a 52 week high of $9.81. The firm has a 50 day moving average of $2.97 and a 200-day moving average of $4.29. The company has a market cap of $373.49 million, a price-to-earnings ratio of -1.69 and a beta of 1.17.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. UBS Group decreased their price target on shares of Claros Mortgage Trust from $5.25 to $3.50 and set a “buy” rating for the company in a research note on Wednesday, April 16th. Keefe, Bruyette & Woods dropped their price target on Claros Mortgage Trust from $4.00 to $2.50 and set an “underperform” rating on the stock in a research note on Thursday, February 27th. Finally, Wells Fargo & Company reduced their price objective on Claros Mortgage Trust from $8.00 to $3.00 and set an “underweight” rating for the company in a research note on Tuesday, February 25th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Claros Mortgage Trust has a consensus rating of “Hold” and an average price target of $3.88.

Insider Buying and Selling

In other news, CFO Mike Mcgillis acquired 24,115 shares of the firm’s stock in a transaction on Wednesday, March 12th. The stock was purchased at an average price of $3.30 per share, for a total transaction of $79,579.50. Following the purchase, the chief financial officer now owns 475,945 shares in the company, valued at approximately $1,570,618.50. This represents a 5.34 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Richard Mack bought 115,000 shares of Claros Mortgage Trust stock in a transaction dated Monday, March 10th. The stock was acquired at an average cost of $3.19 per share, with a total value of $366,850.00. Following the completion of the acquisition, the chief executive officer now owns 2,564,981 shares of the company’s stock, valued at $8,182,289.39. This represents a 4.69 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 169,115 shares of company stock worth $547,930. 1.40% of the stock is owned by corporate insiders.

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.