In yesterday’s Wall Street session, Claros Mortgage Trust Inc. (NYSE:CMTG) shares traded at $11.75, up 0.95% from the previous session.
As of this writing, 5 analysts cover Claros Mortgage Trust Inc. (NYSE:CMTG). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $18.00 and a low of $14.50, we find $15.00. Given the previous closing price of $11.64, this indicates a potential upside of 28.87 percent. CMTG stock price is now -21.79% away from the 50-day moving average and -28.23% away from the 200-day moving average. The market capitalization of the company currently stands at $1.68B.
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There are 2 analysts who have given it a hold rating, whereas 1 have given it a buy rating. Brokers who have rated the stock have averaged $15.60 as their price target over the next twelve months.
On December 15, 2022, Keefe Bruyette Downgraded its previous ‘Mkt Perform’ rating to ‘Underperform’ on the stock keeping its target price maintained at $16, while ‘JP Morgan’ rates the stock as ‘Underweight’.
In other news, Richman Steven Leonard, Director bought 1,000 shares of the company’s stock on Sep 21. The stock was bought for $14,730 at an average price of $14.73. Upon completion of the transaction, the Director now directly owns 13,500 shares in the company, valued at $0.16 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 17, Director WALTER W EDWARD bought 20,215 shares of the business’s stock. A total of $374,808 was incurred on buying the stock at an average price of $18.54. This leaves the insider owning 32,715 shares of the company worth $0.38 million. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CMTG stock. A new stake in Claros Mortgage Trust Inc. shares was purchased by VAN ECK ASSOCIATES CORP during the first quarter worth $2,929,000. FIRST TRUST ADVISORS LP invested $2,833,000 in shares of CMTG during the first quarter. In the first quarter, SWISS NATIONAL BANK acquired a new stake in Claros Mortgage Trust Inc. valued at approximately $2,177,000. COMPAGNIE LOMBARD ODIER SCMA acquired a new stake in CMTG for approximately $1,234,000. PRUDENTIAL FINANCIAL INC purchased a new stake in CMTG valued at around $547,000 in the second quarter. In total, there are 121 active investors with 82.10% ownership of the company’s stock.
Thursday morning saw Claros Mortgage Trust Inc. (NYSE: CMTG) opened at $11.47. During the past 12 months, Claros Mortgage Trust Inc. has had a low of $11.07 and a high of $21.09. The fifty day moving average price for CMTG is $15.02 and a two-hundred day moving average price translates $16.37 for the stock.
The latest earnings results from Claros Mortgage Trust Inc. (NYSE: CMTG) was released for Sep, 2022. According to the REIT – Mortgage Company, earnings per share came in at $0.33, missing analysts’ expectations of $0.34 by -0.01. This compares to $0.12 EPS in the same period last year. The net profit margin was 19.40% and return on equity was 4.30% for CMTG. The company reported revenue of $83.62 million for the quarter, compared to $70.9 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 17.94 percent. For the current quarter, analysts expect CMTG to generate $70.29M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 04/14/2023. Investors who held shares on 03/31/2023 were paid a $0.37 dividend. On an annualized basis, this represents a $1.48 dividend and a 12.60% percent yield. There was an ex-dividend date of 03/30/2023 for this dividend. In terms of dividend payout ratio, CMTG is presently at 188.70%.
Claros Mortgage Trust Inc.(CMTG) Company Profile
Claros Mortgage Trust, Inc. is a real estate investment trust that focuses primarily on originating senior and subordinate loans on transitional commercial real estate assets located in principal markets across the United States. The company is qualified as a real estate investment trust (REIT) under the Internal Revenue Code. As a REIT, its net income would be exempt from federal taxation to the extent that it is distributed as dividends to shareholders. The company was incorporated in 2015 and is based in New York, New York.
