Claros Mortgage Trust (CMTG) Projected to Post Quarterly Earnings on Wednesday

Claros Mortgage Trust (NYSE:CMTG - Get Free Report) is anticipated to post its Q1 2025 quarterly earnings results after the market closes on Wednesday, May 7th. Analysts expect Claros Mortgage Trust to post earnings of ($0.32) per share and revenue of $41.91 million for the quarter.

Claros Mortgage Trust (NYSE:CMTG - Get Free Report) last issued its earnings results on Wednesday, February 19th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.03. Claros Mortgage Trust had a negative net margin of 89.07% and a positive return on equity of 4.72%. The business had revenue of $60.23 million for the quarter, compared to analyst estimates of $58.07 million.

Claros Mortgage Trust Price Performance

NYSE:CMTG traded down $0.08 during mid-day trading on Monday, hitting $2.62. The company's stock had a trading volume of 60,250 shares, compared to its average volume of 634,210. The company has a market capitalization of $364.43 million, a price-to-earnings ratio of -1.64 and a beta of 1.17. The company has a current ratio of 25.67, a quick ratio of 20.68 and a debt-to-equity ratio of 2.08. Claros Mortgage Trust has a fifty-two week low of $2.13 and a fifty-two week high of $9.81. The stock has a fifty day moving average of $2.97 and a 200-day moving average of $4.29.

Insiders Place Their Bets

In other Claros Mortgage Trust news, CEO Richard Mack bought 25,000 shares of the business's stock in a transaction on Wednesday, March 12th. The shares were bought at an average cost of $3.38 per share, for a total transaction of $84,500.00. Following the transaction, the chief executive officer now owns 2,589,981 shares in the company, valued at approximately $8,754,135.78. This trade represents a 0.97 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Mike Mcgillis purchased 24,115 shares of the stock in a transaction dated Wednesday, March 12th. The shares were acquired at an average price of $3.30 per share, with a total value of $79,579.50. Following the transaction, the chief financial officer now owns 475,945 shares in the company, valued at $1,570,618.50. This trade represents a 5.34 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 169,115 shares of company stock valued at $547,930 in the last 90 days. 1.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms recently commented on CMTG. Keefe, Bruyette & Woods cut their target price on Claros Mortgage Trust from $4.00 to $2.50 and set an "underperform" rating for the company in a research report on Thursday, February 27th. Wells Fargo & Company cut their price objective on Claros Mortgage Trust from $8.00 to $3.00 and set an "underweight" rating for the company in a report on Tuesday, February 25th. Finally, UBS Group dropped their target price on shares of Claros Mortgage Trust from $5.25 to $3.50 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $3.88.

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.