Claros Mortgage Trust (CMTG) Expected to Announce Quarterly Earnings on Wednesday

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

Claros Mortgage Trust (NYSE:CMTG - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.15 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.03. The company had revenue of $60.23 million during the quarter, compared to the consensus estimate of $58.07 million. Claros Mortgage Trust had a positive return on equity of 4.72% and a negative net margin of 89.07%.

Claros Mortgage Trust Stock Performance

Shares of CMTG traded up $0.11 on Friday, reaching $2.68. 554,594 shares of the stock traded hands, compared to its average volume of 635,303. The firm has a market cap of $373.49 million, a price-to-earnings ratio of -1.69 and a beta of 1.12. Claros Mortgage Trust has a 12 month low of $2.13 and a 12 month high of $9.81. The stock's 50-day moving average price is $2.97 and its 200-day moving average price is $4.32. The company has a debt-to-equity ratio of 2.08, a current ratio of 25.67 and a quick ratio of 20.68.

Analyst Upgrades and Downgrades

CMTG has been the topic of a number of analyst reports. UBS Group lowered their target price on shares of Claros Mortgage Trust from $5.25 to $3.50 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Keefe, Bruyette & Woods decreased their price target on Claros Mortgage Trust from $4.00 to $2.50 and set an "underperform" rating on the stock in a research note on Thursday, February 27th. Finally, Wells Fargo & Company dropped their price objective on Claros Mortgage Trust from $8.00 to $3.00 and set an "underweight" rating for the company in a research note on Tuesday, February 25th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $3.88.

Insiders Place Their Bets

In other news, CFO Mike Mcgillis bought 24,115 shares of the company's stock in a transaction dated Wednesday, March 12th. The stock was bought at an average price of $3.30 per share, for a total transaction of $79,579.50. Following the completion of the transaction, the chief financial officer now directly owns 475,945 shares in the company, valued at $1,570,618.50. The trade was a 5.34 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Richard Mack purchased 25,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average price of $3.38 per share, for a total transaction of $84,500.00. Following the acquisition, the chief executive officer now owns 2,589,981 shares of the company's stock, valued at $8,754,135.78. The trade was a 0.97 % 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.

About Claros Mortgage Trust

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.