Claros Mortgage Trust, Inc. (NYSE:CMTG - Get Rating) announced a quarterly dividend on Friday, March 17th, Wall Street Journal reports. Investors of record on Friday, March 31st will be paid a dividend of 0.37 per share on Friday, April 14th. This represents a $1.48 annualized dividend and a yield of 12.90%. The ex-dividend date of this dividend is Thursday, March 30th.
Claros Mortgage Trust Stock Down 2.4 %
NYSE:CMTG traded down $0.28 during mid-day trading on Friday, hitting $11.47. The stock had a trading volume of 543,127 shares, compared to its average volume of 277,514. The stock has a 50-day simple moving average of $14.99 and a two-hundred day simple moving average of $15.40. The company has a market capitalization of $1.60 billion, a PE ratio of 14.32 and a beta of 1.89. Claros Mortgage Trust has a twelve month low of $11.07 and a twelve month high of $21.09. The company has a current ratio of 51.56, a quick ratio of 51.56 and a debt-to-equity ratio of 2.03.
Claros Mortgage Trust (NYSE:CMTG - Get Rating) last issued its earnings results on Friday, February 17th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.03). The firm had revenue of $83.62 million during the quarter, compared to analyst estimates of $88.73 million. Claros Mortgage Trust had a net margin of 39.02% and a return on equity of 7.65%. During the same period last year, the business earned $0.30 EPS. On average, equities research analysts anticipate that Claros Mortgage Trust will post 1.52 EPS for the current year.
Hedge Funds Weigh In On Claros Mortgage Trust
A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Claros Mortgage Trust by 176.7% during the third quarter. Vanguard Group Inc. now owns 10,851,780 shares of the company's stock worth $127,399,000 after acquiring an additional 6,930,200 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Claros Mortgage Trust by 12.0% during the third 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 period. Geode Capital Management LLC lifted its holdings in shares of Claros Mortgage Trust by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 1,878,754 shares of the company's stock worth $27,636,000 after purchasing an additional 52,628 shares during the period. State Street Corp lifted its holdings in shares of Claros Mortgage Trust by 50.4% during the third 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 period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Claros Mortgage Trust by 1.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 836,058 shares of the company's stock worth $12,298,000 after purchasing an additional 11,954 shares during the period. 71.49% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
CMTG has been the topic of several recent analyst reports. 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. Keefe, Bruyette & Woods lowered shares of Claros Mortgage Trust from a "market perform" rating to an "underperform" rating and set a $16.00 price target on the stock. in a research note on Thursday, December 15th. Finally, JMP Securities lowered shares of Claros Mortgage Trust from an "outperform" rating to a "market perform" rating in a research note on Tuesday, February 21st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Claros Mortgage Trust presently has a consensus rating of "Hold" and a consensus price target of $17.80.
About Claros Mortgage Trust
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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