Claros Mortgage Trust, Inc. (NYSE:CMTG - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $6.02 and last traded at $6.02, with a volume of 501 shares trading hands. The stock had previously closed at $6.26.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on CMTG shares. BTIG Research began coverage on shares of Claros Mortgage Trust in a research report on Friday, July 19th. They issued a "neutral" rating for the company. Wells Fargo & Company lowered Claros Mortgage Trust from an "equal weight" rating to an "underweight" rating and set a $8.00 price target on the stock. in a research note on Friday, September 20th. Keefe, Bruyette & Woods decreased their price objective on Claros Mortgage Trust from $8.50 to $8.00 and set an "underperform" rating on the stock in a report on Monday, August 12th. Finally, JPMorgan Chase & Co. dropped their target price on Claros Mortgage Trust from $9.00 to $6.50 and set a "neutral" rating for the company in a research note on Thursday, October 17th. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $8.13.
Check Out Our Latest Analysis on CMTG
Claros Mortgage Trust Trading Up 1.3 %
The company has a debt-to-equity ratio of 2.12, a quick ratio of 28.19 and a current ratio of 28.19. The company has a market capitalization of $879.66 million, a PE ratio of -10.23 and a beta of 1.49. The business has a fifty day moving average price of $7.38 and a 200 day moving average price of $8.08.
Claros Mortgage Trust (NYSE:CMTG - Get Free Report) last released its quarterly earnings results on Monday, August 5th. The company reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates of $0.07 by $0.10. The firm had revenue of $64.49 million during the quarter, compared to analysts' expectations of $64.25 million. Claros Mortgage Trust had a positive return on equity of 3.30% and a negative net margin of 35.47%. Analysts expect that Claros Mortgage Trust, Inc. will post 0.15 EPS for the current fiscal year.
Claros Mortgage Trust Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 6.31%. The ex-dividend date was Monday, September 30th. Claros Mortgage Trust's payout ratio is -64.52%.
Hedge Funds Weigh In On Claros Mortgage Trust
Several institutional investors and hedge funds have recently made changes to their positions in the business. ProShare Advisors LLC raised its stake in Claros Mortgage Trust by 8.5% during the first quarter. ProShare Advisors LLC now owns 16,316 shares of the company's stock valued at $159,000 after buying an additional 1,284 shares in the last quarter. Van ECK Associates Corp boosted its holdings in Claros Mortgage Trust by 0.7% in the first quarter. Van ECK Associates Corp now owns 324,363 shares of the company's stock worth $3,166,000 after purchasing an additional 2,190 shares during the period. SG Americas Securities LLC increased its stake in Claros Mortgage Trust by 32.2% during the first quarter. SG Americas Securities LLC now owns 10,891 shares of the company's stock valued at $106,000 after purchasing an additional 2,651 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Claros Mortgage Trust by 6.7% during the second quarter. The Manufacturers Life Insurance Company now owns 45,992 shares of the company's stock worth $369,000 after purchasing an additional 2,885 shares during the period. Finally, Gladius Capital Management LP acquired a new stake in shares of Claros Mortgage Trust during the second quarter worth $33,000. 89.53% of the stock is currently owned by hedge funds and other institutional investors.
About Claros Mortgage Trust
(
Get Free Report)
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.
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