Shares of Claros Mortgage Trust, Inc. (NYSE:CMTG – Get Free Report) have been given a consensus recommendation of “Reduce” by the six ratings firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $9.00.
A number of brokerages recently weighed in on CMTG. JMP Securities restated a “market perform” rating on shares of Claros Mortgage Trust in a research report on Tuesday, June 11th. BTIG Research started coverage on Claros Mortgage Trust in a research note on Friday, July 19th. They issued a “neutral” rating for the company. JPMorgan Chase & Co. raised their price objective on shares of Claros Mortgage Trust from $8.50 to $9.00 and gave the company a “neutral” rating in a report on Tuesday, July 16th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Claros Mortgage Trust from $8.50 to $8.00 and set an “underperform” rating on the stock in a report on Monday, August 12th.
View Our Latest Report on CMTG
Institutional Trading of Claros Mortgage Trust
Claros Mortgage Trust Stock Up 1.8 %
Shares of NYSE CMTG opened at $7.79 on Friday. The company has a market cap of $1.08 billion, a price-to-earnings ratio of -12.56 and a beta of 1.53. The company has a current ratio of 28.19, a quick ratio of 28.19 and a debt-to-equity ratio of 2.12. Claros Mortgage Trust has a 12 month low of $6.80 and a 12 month high of $15.25. The stock has a 50-day moving average price of $8.43 and a two-hundred day moving average price of $8.69.
Claros Mortgage Trust (NYSE:CMTG – Get Free Report) last announced its quarterly earnings results on Monday, August 5th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.10. Claros Mortgage Trust had a negative net margin of 35.47% and a positive return on equity of 3.30%. The company had revenue of $64.49 million for the quarter, compared to analyst estimates of $64.25 million. As a group, analysts forecast that Claros Mortgage Trust will post 0.15 earnings per share for the current fiscal year.
Claros Mortgage Trust Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.13%. The ex-dividend date of this dividend is Monday, September 30th. Claros Mortgage Trust’s dividend payout ratio is currently -64.52%.
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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