Claros Mortgage Trust - CMTG Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Claros Mortgage Trust in the last twelve months. There are currently 2 sell ratings, 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" CMTG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CMTG, but not buy additional shares or sell existing shares.
View CMTG analyst ratings or view top-rated stocks.

5 brokers have issued 12-month price targets for Claros Mortgage Trust's stock. Their CMTG share price forecasts range from $15.50 to $22.00. On average, they expect the company's share price to reach $17.80 in the next year. This suggests a possible upside of 50.7% 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 beginning of 2023. Since then, CMTG stock has decreased by 19.7% and is now trading at $11.81.
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Claros Mortgage Trust saw a decrease in short interest in the month of February. As of February 28th, there was short interest totaling 2,590,000 shares, a decrease of 11.9% from the February 13th total of 2,940,000 shares. Based on an average trading volume of 271,700 shares, the short-interest ratio is presently 9.5 days. Approximately 2.0% of the company's stock are short sold.
View Claros Mortgage Trust's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 9th 2023.
View our CMTG earnings forecast.

Claros Mortgage Trust, Inc. (NYSE:CMTG) issued its earnings results on Friday, February, 17th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by $0.03. The company earned $83.62 million during the quarter, compared to analysts' expectations of $88.73 million. Claros Mortgage Trust had a net margin of 39.02% and a trailing twelve-month return on equity of 7.65%. During the same quarter in the previous year, the business posted $0.30 earnings per share.

Claros Mortgage Trust announced a quarterly dividend on Wednesday, March 15th. Shareholders of record on Friday, March 31st will be given a dividend of $0.37 per share on Friday, April 14th. This represents a $1.48 annualized dividend and a yield of 12.53%. The ex-dividend date of this dividend is Thursday, March 30th.
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 First Trust Small Cap Value AlphaDEX Fund (FYT).

Claros Mortgage Trust (NYSE:CMTG) pays an annual dividend of $1.48 per share and currently has a dividend yield of 12.90%. CMTG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 187.34%. Payout ratios above 75% are not desirable because they may not be sustainable.
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 $18.65-$19.65 per share.

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

Claros Mortgage Trust's stock is owned by a variety of retail and institutional investors. Top institutional investors include Geode Capital Management LLC (1.36%), Charles Schwab Investment Management Inc. (0.60%), Van ECK Associates Corp (0.18%), First Trust Advisors LP (0.17%), Renaissance Technologies LLC (0.14%) and Swiss National Bank (0.13%). Insiders that own company stock include Jeffrey D Siegel, Steven Leonard Richman and W Edward Walter.
View institutional ownership trends.

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 $11.81.

Claros Mortgage Trust (NYSE:CMTG) has a market capitalization of $1.65 billion and generates $287.20 million in revenue each year. The company earns $112.06 million in net income (profit) each year or $0.79 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.