Claros Mortgage Trust (NYSE:CMTG - Get Rating) will issue its quarterly earnings data after the market closes on Thursday, February 16th. Analysts expect the company to announce earnings of $0.41 per share for the quarter. Parties that are interested in registering for the company's conference call can do so using this link.
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Claros Mortgage Trust (NYSE:CMTG - Get Rating) last released its quarterly earnings data on Wednesday, November 9th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.03). The firm had revenue of $76.42 million during the quarter, compared to analyst estimates of $77.72 million. Claros Mortgage Trust had a net margin of 55.82% and a return on equity of 7.04%. On average, analysts expect Claros Mortgage Trust to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
CMTG opened at $16.01 on Thursday. Claros Mortgage Trust has a 1 year low of $11.53 and a 1 year high of $21.09. The firm has a 50 day moving average price of $16.11 and a 200 day moving average price of $16.25. The company has a debt-to-equity ratio of 1.98, a quick ratio of 60.83 and a current ratio of 60.83. The company has a market cap of $2.22 billion, a PE ratio of 14.82 and a beta of 1.84.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 13th. Stockholders of record on Friday, December 30th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 9.24%. The ex-dividend date of this dividend was Thursday, December 29th. Claros Mortgage Trust's payout ratio is currently 137.04%.
A number of research firms have weighed in on CMTG. Keefe, Bruyette & Woods cut Claros Mortgage Trust from a "market perform" rating to an "underperform" rating and set a $16.00 price target for the company. in a report on Thursday, December 15th. JPMorgan Chase & Co. dropped their price target on shares of Claros Mortgage Trust from $17.00 to $15.50 and set an "underweight" rating on the stock in a research note on Monday, October 24th. Finally, UBS Group dropped their price target on shares of Claros Mortgage Trust from $19.00 to $17.50 and set a "neutral" rating on the stock in a research note on Wednesday, December 21st.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Claros Mortgage Trust by 176.7% in the 3rd quarter. Vanguard Group Inc. now owns 10,851,780 shares of the company's stock worth $127,399,000 after purchasing an additional 6,930,200 shares during the last quarter. BlackRock Inc. increased its position in shares of Claros Mortgage Trust by 12.0% in the 3rd quarter. BlackRock Inc. now owns 7,572,721 shares of the company's stock worth $88,904,000 after purchasing an additional 812,501 shares during the last quarter. State Street Corp increased its position in shares of Claros Mortgage Trust by 50.4% in the 3rd quarter. State Street Corp now owns 1,741,364 shares of the company's stock worth $21,067,000 after purchasing an additional 583,376 shares during the last quarter. Nuveen Asset Management LLC increased its position in shares of Claros Mortgage Trust by 59.9% in the 3rd quarter. Nuveen Asset Management LLC now owns 526,845 shares of the company's stock worth $6,185,000 after purchasing an additional 197,461 shares during the last quarter. Finally, Balyasny Asset Management LLC bought a new stake in shares of Claros Mortgage Trust in the 3rd quarter worth about $4,662,000. Hedge funds and other institutional investors own 71.49% of the company's stock.
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.
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