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

$10.69
+0.01 (+0.09%)
(As of 09:45 AM ET)
Compare
Today's Range
$10.66
$10.75
50-Day Range
$10.40
$12.75
52-Week Range
$10.08
$18.15
Volume
8,478 shs
Average Volume
261,472 shs
Market Capitalization
$1.48 billion
P/E Ratio
26.07
Dividend Yield
9.35%
Price Target
$13.70

Claros Mortgage Trust MarketRank™ Forecast

Analyst Rating
Reduce
1.83 Rating Score
Upside/​Downside
28.3% Upside
$13.70 Price Target
Short Interest
Healthy
1.28% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.62mentions of Claros Mortgage Trust in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
44.44%
From $0.45 to $0.65 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.03 out of 5 stars

Finance Sector

95th out of 865 stocks

Real Estate Industry

2nd out of 25 stocks


CMTG stock logo

About Claros Mortgage Trust (NYSE:CMTG) Stock

Claros Mortgage Trust, Inc. operates as a real estate investment trust. The company focuses on originating senior and subordinate loans on transitional commercial real estate assets in the United States. Claros Mortgage Trust, Inc. was incorporated in 2015 and is headquartered in New York, New York.

CMTG Price History

CMTG Stock News Headlines

Would Buffett Approve of This Growth Strategy?
Warren Buffett's approach has been to find and invest in undervalued businesses with strong potential for growth. Taking this approach to heart and applying it to a Trillion Dollar industry has proved itself in a big way...achieving an incredible 400+% growth during a down market.
JMP Securities Remains a Hold on Claros Mortgage Trust, Inc. (CMTG)
Would Buffett Approve of This Growth Strategy?
Warren Buffett's approach has been to find and invest in undervalued businesses with strong potential for growth. Taking this approach to heart and applying it to a Trillion Dollar industry has proved itself in a big way...achieving an incredible 400+% growth during a down market.
Q1 2023 Claros Mortgage Trust Inc Earnings Call
Claros Mortgage Trust Enters Oversold Territory
See More Headlines
Receive CMTG Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Claros Mortgage Trust and its competitors with MarketBeat's FREE daily newsletter.

CMTG Company Calendar

Ex-Dividend for 7/14 Dividend
6/29/2023
Dividend Payable
7/14/2023
Last Earnings
8/01/2023
Ex-Dividend for 10/13 Dividend
9/28/2023
Today
10/04/2023
Dividend Payable
10/13/2023
Next Earnings (Estimated)
11/08/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Real estate
Sub-Industry
N/A
Sector
Finance
Fax
N/A
Employees
N/A
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$13.70
High Stock Price Forecast
$18.00
Low Stock Price Forecast
$10.00
Forecasted Upside/Downside
+28.2%
Consensus Rating
Reduce
Rating Score (0-4)
1.83
Research Coverage
6 Analysts

Profitability

Net Income
$112.06 million
Pretax Margin
19.52%

Debt

Sales & Book Value

Annual Sales
$287.20 million
Cash Flow
$1.39 per share
Book Value
$17.75 per share

Miscellaneous

Free Float
135,480,000
Market Cap
$1.48 billion
Optionable
Not Optionable
Beta
1.70
13 Stocks Institutional Investors Won't Stop Buying Cover

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Get This Free Report

Key Executives

  • Mr. Richard Jay Mack J.D. (Age 55)
    Chairman & CEO
  • Mr. John Michael McGillis CPA (Age 62)
    Pres & Director
  • Mr. Jai Agarwal (Age 49)
    Chief Financial Officer
    Comp: $479.57k
  • Mr. Jeffrey David Siegel (Age 47)
    Exec. VP, Gen. Counsel & Sec.
    Comp: $274.18k
  • Mr. Kevin Cullinan (Age 36)
    Exec. VP of Originations
  • Ms. Priyanka Garg (Age 48)
    Exec. VP of Portfolio & Asset Management
  • Ms. Anh Huynh (Age 47)
    VP of Investor Relations
  • Mr. Daniel Rosenblum (Age 39)
    VP & Treasurer













CMTG Stock - Frequently Asked Questions

Should I buy or sell Claros Mortgage Trust stock right now?

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.

What is Claros Mortgage Trust's stock price forecast for 2023?

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.

How have CMTG shares performed in 2023?

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.
View the best growth stocks for 2023 here
.

Are investors shorting Claros Mortgage Trust?

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
.

When is Claros Mortgage Trust's next earnings date?

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

How were Claros Mortgage Trust's earnings last quarter?

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%.

How often does Claros Mortgage Trust pay dividends? What is the dividend yield for Claros Mortgage Trust?

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
.

What ETFs hold Claros Mortgage Trust's stock?

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).

Is Claros Mortgage Trust a good dividend stock?

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.

When did Claros Mortgage Trust IPO?

(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.

What is Claros Mortgage Trust's stock symbol?

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

How do I buy shares of Claros Mortgage Trust?

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.
Compare Top Brokerages Here.

What is Claros Mortgage Trust's stock price today?

One share of CMTG stock can currently be purchased for approximately $10.69.

How much money does Claros Mortgage Trust make?

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.

How can I contact Claros Mortgage Trust?

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.

This page (NYSE:CMTG) was last updated on 10/4/2023 by MarketBeat.com Staff

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