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

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Claros Mortgage Trust in the last year. There are currently 2 sell ratings and 3 hold ratings for the stock. The consensus among Wall Street 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 brokerages have issued 12-month price targets for Claros Mortgage Trust's stock. Their CMTG share price forecasts range from $11.00 to $18.00. On average, they anticipate the company's stock price to reach $14.50 in the next year. This suggests a possible upside of 28.4% 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 23.2% and is now trading at $11.29.
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Claros Mortgage Trust saw a drop in short interest in the month of May. As of May 15th, there was short interest totaling 1,920,000 shares, a drop of 5.4% from the April 30th total of 2,030,000 shares. Based on an average daily volume of 299,600 shares, the short-interest ratio is currently 6.4 days. Currently, 1.4% of the company's shares are sold short.
View Claros Mortgage Trust's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
View our CMTG earnings forecast.

Claros Mortgage Trust, Inc. (NYSE:CMTG) announced its quarterly earnings data on Friday, February, 17th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.41 by $0.03. The firm earned $83.62 million during the quarter, compared to analysts' expectations of $88.73 million. Claros Mortgage Trust had a net margin of 39.99% and a trailing twelve-month return on equity of 8.03%. During the same period in the previous year, the firm earned $0.30 EPS.

Claros Mortgage Trust declared a quarterly dividend on Wednesday, March 15th. Stockholders 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 13.11%. The ex-dividend date 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), 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 13.31%. CMTG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 176.19%. 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 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."

Claros Mortgage Trust's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (5.82%), Geode Capital Management LLC (1.42%), State Street Corp (1.40%), Charles Schwab Investment Management Inc. (0.60%), Bank of New York Mellon Corp (0.29%) and Van ECK Associates Corp (0.19%). 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 $11.29.

Claros Mortgage Trust (NYSE:CMTG) has a market capitalization of $1.56 billion and generates $287.20 million in revenue each year. The company earns $112.06 million in net income (profit) each year or $0.84 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.