Claros Mortgage Trust (CMTG) Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Claros Mortgage Trust in the last year. There are currently 1 sell rating and 5 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" CMTG shares.
View CMTG analyst ratings or view top-rated stocks.

6 equities research analysts have issued 1 year target prices for Claros Mortgage Trust's shares. Their CMTG share price forecasts range from $10.00 to $18.00. On average, they anticipate the company's stock price to reach $13.70 in the next year. This suggests a possible upside of 28.2% from the stock's current price.
View analysts price targets for CMTG or view top-rated stocks among Wall Street analysts.

Claros Mortgage Trust's stock was trading at $14.71 at the start of the year. Since then, CMTG stock has decreased by 27.3% and is now trading at $10.69.
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Claros Mortgage Trust saw a drop in short interest in the month of September. As of September 15th, there was short interest totaling 1,640,000 shares, a drop of 7.9% from the August 31st total of 1,780,000 shares. Based on an average daily trading volume, of 194,900 shares, the short-interest ratio is presently 8.4 days. Currently, 1.3% of the company's shares are short sold.
View Claros Mortgage Trust's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
View our CMTG earnings forecast.

Claros Mortgage Trust, Inc. (NYSE:CMTG) issued its quarterly earnings results on Tuesday, August, 1st. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by $0.40. The firm earned $80.93 million during the quarter, compared to analyst estimates of $80.99 million. Claros Mortgage Trust had a net margin of 19.46% and a trailing twelve-month return on equity of 5.15%.

Claros Mortgage Trust declared a quarterly dividend on Tuesday, September 19th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.25 per share on Friday, October 13th. This represents a $1.00 annualized dividend and a dividend yield of 9.35%. The ex-dividend date of this dividend is Thursday, September 28th.
Read our dividend analysis for CMTG.

ETFs with the largest weight of Claros Mortgage Trust (NYSE:CMTG) stock in their portfolio include WisdomTree Alternative Income Fund (HYIN), VanEck Mortgage REIT Income ETF (MORT) and Hoya Capital High Dividend Yield ETF (RIET).Global X SuperDividend ETF (SDIV).

Claros Mortgage Trust (NYSE:CMTG) pays an annual dividend of $1.00 per share and currently has a dividend yield of 9.08%. CMTG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 243.90%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, CMTG will have a dividend payout ratio of 153.85% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for CMTG.

(CMTG) raised $106 million in an initial public offering (IPO) on Wednesday, November 3rd 2021. The company issued 5,524,934 shares at a price of $18.65-$19.65 per share.

Claros Mortgage Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "CMTG."

Shares of CMTG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CMTG stock can currently be purchased for approximately $10.69.

Claros Mortgage Trust (NYSE:CMTG) has a market capitalization of $1.48 billion and generates $287.20 million in revenue each year. The company earns $112.06 million in net income (profit) each year or $0.41 on an earnings per share basis.

The official website for the company is www.clarosmortgage.com. The company can be reached via phone at 212-484-0050 or via email at cmtgir@mackregroup.com.