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

6.46

Mkt cap

914M

Volume

174K

High

6.65

P/E Ratio

-10.25

52-wk high

15.25

Low

6.39

Div yield

0.13

52-wk low

6.08

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Portfolio Pulse from Avi Kapoor

May 30, 2024 | 5:48 pm

Wells Fargo analyst Donald Fandetti has maintained an Equal-Weight rating on Claros Mortgage Trust (CMTG) but lowered the price target from $11 to $9.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 2:38 pm

Claros Mortgage Trust (CMTG) reported Q1 2024 adjusted EPS of $(0.12), missing the $0.20 estimate, and sales of $58.825M, below the $75.530M estimate. This represents a significant decrease in performance compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 9:36 pm

Claros Mortgage Trust (NYSE:CMTG) has received mixed analyst evaluations in the past three months, with a shift towards a more bearish sentiment. The average 12-month price target has been lowered by 9.86% to $9.69. Analysts from Keefe, Bruyette & Woods and JP Morgan have downgraded their price targets, reflecting concerns over the company's market performance and financial health. Despite a strong net margin of 51.81%, challenges in revenue growth and return on equity are notable.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 5:00 pm

Keefe, Bruyette & Woods analyst Jade Rahmani maintains an Underperform rating on Claros Mortgage Trust (CMTG) and lowers the price target from $9.75 to $9.5.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 2:32 pm

JP Morgan analyst Richard Shane has maintained a Neutral rating on Claros Mortgage Trust (NYSE:CMTG) and lowered the price target from $11 to $9.5.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 12:53 pm

Claros Mortgage Trust (NYSE:CMTG) reported Q4 earnings with an EPS of $0.26, missing estimates by 7.14% and a revenue decrease of $7.64 million from the previous year. This follows a pattern of missed EPS estimates in previous quarters.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 9:40 pm

Claros Mortgage Trust (CMTG) reported Q4 2023 adjusted EPS of $0.26, missing the $0.28 estimate, but sales of $75.98M exceeded the $70.46M estimate. This represents a 9.13% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 9:36 pm

Earnings reports for various companies are scheduled for February 20, 2024, with a mix of projected earnings and losses across different sectors. Notable companies include Walmart, Home Depot, Medtronic, and Barclays, among others, with expectations ranging from significant profits to losses per share.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 11:52 am

Claros Mortgage Trust (NYSE:CMTG) is scheduled to release its quarterly earnings report on February 20, 2024, with an expected EPS of $0.28. The company's past earnings performance shows a history of not meeting EPS estimates, leading to negative stock price reactions. Shares are currently trading at $10.11, reflecting a 25.58% decrease over the last 52 weeks. Investors are looking for positive guidance for the next quarter.

Portfolio Pulse from Benzinga Insights

February 19, 2024 | 7:01 pm

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