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

Company Overview

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. The company was incorporated in 2015 and is headquartered in New York, New York.

Key Stats

• Today's Range: $6.43 to $6.53
• 50-Day Range: $6.18 to $8.58
• 52-Week Range: $6.08 to $15.25
• Volume: 32,431 shs
• Average Volume: 339,709 shs
• Market Capitalization: $900.27 million
• P/E Ratio: N/A
• Dividend Yield: 6.19%
• Price Target: $7.44
• Consensus Rating: Reduce

Claros Mortgage Trust Stock Analysis - MarketRank™

Claros Mortgage Trust scored higher than 59% of companies evaluated by MarketBeat, and ranked 534th out of 930 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.8 / 5
• Analyst Rating: Reduce

Consensus Rating

Claros Mortgage Trust has received a consensus rating of Reduce. The company's average rating score is 1.67, and is based on no buy ratings, 4 hold ratings, and 2 sell ratings.

Amount of Analyst Coverage

Claros Mortgage Trust has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 23.81%

Earnings Growth

Earnings for Claros Mortgage Trust are expected to grow by 23.81% in the coming year, from $0.21 to $0.26 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Claros Mortgage Trust is -10.22, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Claros Mortgage Trust is -10.22, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Claros Mortgage Trust has a P/B Ratio of 0.43. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.39% of the float of Claros Mortgage Trust has been sold short.

Short Interest Ratio / Days to Cover

Claros Mortgage Trust has a short interest ratio ("days to cover") of 11.6, which indicates bearish sentiment.

Change versus previous month

Short interest in Claros Mortgage Trust has recently decreased by 13.37%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Claros Mortgage Trust is a leading dividend payer. It pays a dividend yield of 6.10%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Claros Mortgage Trust does not have a long track record of dividend growth.

Dividend Sustainability

Based on EPS estimates, Claros Mortgage Trust will have a dividend payout ratio of 153.85% in the coming year. This indicates that Claros Mortgage Trust may not be able to sustain their current dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.39% of the float of Claros Mortgage Trust has been sold short.

Short Interest Ratio / Days to Cover

Claros Mortgage Trust has a short interest ratio ("days to cover") of 11.6, which indicates bearish sentiment.

Change versus previous month

Short interest in Claros Mortgage Trust has recently decreased by 13.37%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: 0.88

News Sentiment

Claros Mortgage Trust has a news sentiment score of 0.88. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.76 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for Claros Mortgage Trust this week, compared to 2 articles on an average week.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Claros Mortgage Trust insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.40% of the stock of Claros Mortgage Trust is held by insiders.

Percentage Held by Institutions

89.53% of the stock of Claros Mortgage Trust is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CMTG Stock Analysis - Frequently Asked Questions

How have CMTG shares performed this year?

Claros Mortgage Trust's stock was trading at $13.63 on January 1st, 2024. Since then, CMTG shares have decreased by 52.8% and is now trading at $6.44.
View the best growth stocks for 2024 here.

How were Claros Mortgage Trust's earnings last quarter?

Claros Mortgage Trust, Inc. (NYSE:CMTG) announced its quarterly earnings results on Friday, February, 17th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by $0.03. The company had revenue of $83.62 million for the quarter, compared to analyst estimates of $88.73 million. Claros Mortgage Trust had a negative net margin of 32.75% and a positive trailing twelve-month return on equity of 5.60%.

When did Claros Mortgage Trust IPO?

Claros Mortgage Trust (CMTG) raised $106 million in an initial public offering (IPO) on Wednesday, November 3rd 2021. The company issued 5,524,934 shares at a price of $18.65-$19.65 per share.

Who are Claros Mortgage Trust's major shareholders?

Top institutional investors of Claros Mortgage Trust include Geode Capital Management LLC (1.66%), State Street Corp (1.55%), Charles Schwab Investment Management Inc. (1.01%) and Hotchkis & Wiley Capital Management LLC (0.24%). Insiders that own company stock include Richard Mack, Mike Mcgillis, Jeffrey D Siegel, Steven Leonard Richman and Vincent Tese.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Claros Mortgage Trust own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Claros Mortgage Trust investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Broadcom (AVGO), Netflix (NFLX), Palo Alto Networks (PANW) and Invesco QQQ (QQQ).

Company Calendar

• Last Earnings: 2/17/2023
• Ex-Dividend for 10/15 Dividend: 9/30/2024
• Dividend Payable: 10/15/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/18/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Real estate
• Sub-Industry: Real Estate
• Current Symbol: NYSE:CMTG
• CUSIP: N/A
• CIK: 1666291
• Web: www.clarosmortgage.com
• Phone: 212-484-0050
• Fax: N/A
• Employees: N/A
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $7.44
• High Stock Price Target: $8.00
• Low Stock Price Target: $6.50
• Potential Upside/Downside: +15.5%
• Consensus Rating: Reduce
• Rating Score (0-4): 1.67
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.63)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 30.67
• P/E Growth: N/A
• Net Income: $6.03 million
• Net Margins: -32.75%
• Pretax Margin: -32.75%
• Return on Equity: 5.60%
• Return on Assets: 1.60%

Debt

• Debt-to-Equity Ratio: 2.11
• Current Ratio: 20.68
• Quick Ratio: 20.68

Sales & Book Value

• Annual Sales: $306.55 million
• Price / Sales: 2.93
• Cash Flow: $1.38 per share
• Price / Cash Flow: 4.68
• Book Value: $15.10 per share
• Price / Book: 0.43

Miscellaneous

• Outstanding Shares: 139,360,000
• Free Float: 137,412,000
• Market Cap: $897.48 million
• Optionable: Optionable
• Beta: 1.51