Streetbeat News

CMTG

Claros Mortgage Trust, Inc.

https://www.clarosmortgage.com

Industry

REIT - Mortgage

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.

Open

6.36

Mkt cap

875M

Volume

150K

High

6.39

P/E Ratio

-9.81

52-wk high

14.69

Low

6.26

Div yield

0.14

52-wk low

6.07

Claros Mortgage Trust, Inc. has suspended its quarterly dividend on common stock starting with the fourth quarter dividend that would have been paid in January 2025. The company has already paid $0.60 per share in dividends this year, exceeding its 2024 taxable income estimate.

Portfolio Pulse from

December 16, 2024 | 11:15 pm

Claros Mortgage Trust, Inc. (CMTG) reported Q3 earnings of $0.22 per share, surpassing the Zacks Consensus Estimate of $0.13 per share. This marks a significant improvement from a loss of $0.16 per share a year ago.

Portfolio Pulse from

November 08, 2024 | 2:00 am

Claros Mortgage Trust, Inc. (NYSE: CMTG) reported a GAAP net loss of $56.2 million for Q3 2024, translating to a loss of $0.40 per share. The company also reported a distributable loss of $24.6 million, or $0.17 per share, with distributable earnings before realized losses at $31.0 million, or $0.22 per share.

Portfolio Pulse from

November 07, 2024 | 9:45 pm

JP Morgan analyst Richard Shane maintains a Neutral rating on Claros Mortgage Trust (NYSE:CMTG) and lowers the price target from $9 to $6.5.