Claros Mortgage Trust (CMTG) Expected to Announce Quarterly Earnings on Tuesday

Claros Mortgage Trust (NYSE:CMTG - Get Free Report) is expected to be issuing its quarterly earnings data after the market closes on Tuesday, February 18th. Analysts expect the company to announce earnings of $0.12 per share and revenue of $58.07 million for the quarter. Parties interested in listening to the company's conference call can do so using this link.

Claros Mortgage Trust Trading Up 4.6 %

CMTG stock traded up $0.14 during trading on Friday, hitting $3.10. The company had a trading volume of 1,774,022 shares, compared to its average volume of 574,033. The company has a quick ratio of 20.68, a current ratio of 20.68 and a debt-to-equity ratio of 2.11. The firm has a 50-day moving average price of $4.12 and a 200-day moving average price of $6.21. Claros Mortgage Trust has a 12 month low of $2.95 and a 12 month high of $10.27. The stock has a market cap of $431.32 million, a price-to-earnings ratio of -4.91 and a beta of 1.57.

Wall Street Analysts Forecast Growth

CMTG has been the subject of several research analyst reports. UBS Group upgraded shares of Claros Mortgage Trust from a "neutral" rating to a "buy" rating and dropped their price objective for the stock from $8.00 to $6.00 in a research report on Friday, January 10th. Keefe, Bruyette & Woods dropped their price objective on shares of Claros Mortgage Trust from $6.50 to $4.00 and set an "underperform" rating for the company in a research report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Claros Mortgage Trust from $9.00 to $6.50 and set a "neutral" rating for the company in a report on Thursday, October 17th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $6.13.

Claros Mortgage Trust Company Profile

Claros Mortgage Trust, Inc operates as a real estate investment trust. It focuses on originating senior and subordinate loans on transitional commercial real estate assets in the United States. The company has elected to be taxed as a real estate investment trust. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders.