Claros Mortgage Trust (CMTG) to Release Earnings on Thursday

Claros Mortgage Trust (NYSE:CMTG - Get Free Report) will be posting its quarterly earnings results after the market closes on Thursday, November 7th. Analysts expect Claros Mortgage Trust to post earnings of $0.13 per share for the quarter. Investors that wish to register for the company's conference call can do so using this link.

Claros Mortgage Trust (NYSE:CMTG - Get Free Report) last posted 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 for the quarter, compared to the consensus estimate of $64.25 million. Claros Mortgage Trust had a negative net margin of 35.47% and a positive return on equity of 3.30%. On average, analysts expect Claros Mortgage Trust to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Claros Mortgage Trust Price Performance

CMTG traded down $0.19 during midday trading on Thursday, reaching $6.29. 278,540 shares of the company's stock were exchanged, compared to its average volume of 340,705. Claros Mortgage Trust has a one year low of $6.08 and a one year high of $15.25. The company has a quick ratio of 28.19, a current ratio of 28.19 and a debt-to-equity ratio of 2.12. The business has a 50-day simple moving average of $7.28 and a two-hundred day simple moving average of $8.03. The firm has a market capitalization of $872.72 million, a price-to-earnings ratio of -10.29 and a beta of 1.49.

Claros Mortgage Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $0.10 per share. The ex-dividend date was Monday, September 30th. This represents a $0.40 annualized dividend and a yield of 6.36%. Claros Mortgage Trust's dividend payout ratio is currently -64.52%.

Wall Street Analyst Weigh In

CMTG has been the topic of several analyst reports. JPMorgan Chase & Co. lowered their target price on shares of Claros Mortgage Trust from $9.00 to $6.50 and set a "neutral" rating on the stock in a report on Thursday, October 17th. BTIG Research assumed coverage on shares of Claros Mortgage Trust in a report on Friday, July 19th. They set a "neutral" rating for the company. Wells Fargo & Company downgraded Claros Mortgage Trust from an "equal weight" rating to an "underweight" rating and set a $8.00 target price on the stock. in a report on Friday, September 20th. Finally, Keefe, Bruyette & Woods dropped their price target on Claros Mortgage Trust from $8.50 to $8.00 and set an "underperform" rating for the company in a report on Monday, August 12th. Two investment 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, the company has a consensus rating of "Hold" and an average target price of $8.13.

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.