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

$11.27
-0.29 (-2.51%)
(As of 01:51 PM ET)
Compare
Today's Range
$11.18
$11.46
50-Day Range
$10.25
$11.96
52-Week Range
$10.08
$19.79
Volume
100,084 shs
Average Volume
287,640 shs
Market Capitalization
$1.56 billion
P/E Ratio
13.42
Dividend Yield
13.13%
Price Target
$14.50

Claros Mortgage Trust MarketRank™ Forecast

Analyst Rating
Hold
1.60 Rating Score
Upside/​Downside
28.8% Upside
$14.50 Price Target
Short Interest
Healthy
1.43% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

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

2.46 out of 5 stars

Finance Sector

331st out of 862 stocks

Real Estate Industry

7th out of 23 stocks


CMTG stock logo

About Claros Mortgage Trust (NYSE:CMTG) Stock

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. As a REIT, its net income would be exempt from federal taxation to the extent that it is distributed as dividends to shareholders. The company was incorporated in 2015 and is based in New York, New York.

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CMTG Stock News Headlines

Graphite Shortage Could Derail the $7 Trillion EV Transition
Graphite (not lithium) is expected to see the largest increase in demand of all battery metals over the next decade. But projections warn of an 8 million ton shortfall of graphite by 2040. That's why 97 more graphite mines are needed just to keep up with battery production for the $7 trillion transition to electric vehicles.
Claros Mortgage Trust (NYSE:CMTG) Stock Price Down 4.6%
Graphite Shortage Could Derail the $7 Trillion EV Transition
Graphite (not lithium) is expected to see the largest increase in demand of all battery metals over the next decade. But projections warn of an 8 million ton shortfall of graphite by 2040. That's why 97 more graphite mines are needed just to keep up with battery production for the $7 trillion transition to electric vehicles.
Q1 2023 Claros Mortgage Trust Inc Earnings Call
Claros Mortgage Trust (NYSE:CMTG) Now Covered by BTIG Research
Claros Mortgage Trust Enters Oversold Territory
See More Headlines

CMTG Price History

CMTG Company Calendar

Last Earnings
2/17/2023
Ex-Dividend for 4/14 Dividend
3/30/2023
Dividend Payable
4/14/2023
Today
6/08/2023
Next Earnings (Estimated)
8/01/2023
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
$14.50
High Stock Price Forecast
$18.00
Low Stock Price Forecast
$11.00
Forecasted Upside/Downside
+28.4%
Consensus Rating
Hold
Rating Score (0-4)
1.60
Research Coverage
5 Analysts

Profitability

Net Income
$112.06 million
Pretax Margin
40.04%

Debt

Sales & Book Value

Annual Sales
$287.20 million
Cash Flow
$1.45 per share
Book Value
$17.75 per share

Miscellaneous

Free Float
135,608,000
Market Cap
$1.56 billion
Optionable
Not Optionable
Beta
1.72

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
  • Ms. Anh Huynh (Age 47)
    VP of Investor Relations
  • Mr. Jeffrey David Siegel (Age 47)
    Exec. VP, Gen. Counsel & Sec.
  • Mr. Kevin Cullinan (Age 36)
    Exec. VP of Originations
  • Ms. Priyanka Garg (Age 48)
    Exec. VP of Portfolio & Asset Management
  • Mr. Daniel Rosenblum (Age 39)
    VP & Treasurer













CMTG Stock - Frequently Asked Questions

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

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.

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

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.

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 23.2% and is now trading at $11.29.
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 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
.

When is Claros Mortgage Trust's next earnings date?

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

How were Claros Mortgage Trust's earnings last quarter?

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.

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 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
.

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), First Trust Small Cap Value AlphaDEX Fund (FYT),

Is Claros Mortgage Trust a good dividend stock?

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.

When did Claros Mortgage Trust IPO?

(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.

What is Claros Mortgage Trust's stock symbol?

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

Who are Claros Mortgage Trust's major shareholders?

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
.

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 $11.29.

How much money does Claros Mortgage Trust make?

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.

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 6/8/2023 by MarketBeat.com Staff

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