Claros Mortgage Trust (NYSE:CMTG – Get Free Report) is projected to announce its earnings results after the market closes on Tuesday, February 18th. Analysts expect the company to announce earnings of $0.12 per share and revenue of $58.07 million for the quarter. Investors interested in registering for the company’s conference call can do so using this link.
Claros Mortgage Trust Stock Up 4.6 %
Shares of CMTG opened at $3.10 on Friday. The firm has a market cap of $431.32 million, a PE ratio of -4.91 and a beta of 1.57. The company’s fifty day moving average is $4.12 and its two-hundred day moving average is $6.19. Claros Mortgage Trust has a fifty-two week low of $2.95 and a fifty-two week high of $10.27. The company has a quick ratio of 20.68, a current ratio of 20.68 and a debt-to-equity ratio of 2.11.
Analysts Set New Price Targets
A number of equities analysts have weighed in on CMTG shares. UBS Group upgraded shares of Claros Mortgage Trust from a “neutral” rating to a “buy” rating and decreased their price target for the company from $8.00 to $6.00 in a report on Friday, January 10th. Keefe, Bruyette & Woods reduced their target price on shares of Claros Mortgage Trust from $6.50 to $4.00 and set an “underperform” rating on the stock in a report on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $6.13.
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.
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