Claros Mortgage Trust (CMTG) to Release Quarterly Earnings on Monday

Claros Mortgage Trust (NYSE:CMTG) is scheduled to issue its quarterly earnings data after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of $0.16 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Claros Mortgage Trust (NYSE:CMTG) last released its quarterly earnings results on Tuesday, February 20th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.19. Claros Mortgage Trust had a net margin of 1.97% and a return on equity of 2.01%. The business had revenue of $75.98 million for the quarter, compared to analysts’ expectations of $72.79 million. On average, analysts expect Claros Mortgage Trust to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Claros Mortgage Trust Stock Up 1.8 %

Shares of NYSE CMTG opened at $9.29 on Friday. The firm has a fifty day simple moving average of $9.32 and a two-hundred day simple moving average of $10.99. The firm has a market capitalization of $1.29 billion, a PE ratio of 464.50 and a beta of 1.59. The company has a current ratio of 25.03, a quick ratio of 25.03 and a debt-to-equity ratio of 2.09. Claros Mortgage Trust has a 12 month low of $8.37 and a 12 month high of $15.25.

Claros Mortgage Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 10.76%. The ex-dividend date was Wednesday, March 27th. Claros Mortgage Trust’s payout ratio is currently 5,000.00%.

Analyst Ratings Changes

CMTG has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods reduced their target price on Claros Mortgage Trust from $9.75 to $9.50 and set an “underperform” rating on the stock in a report on Wednesday, April 10th. UBS Group lowered their price objective on Claros Mortgage Trust from $11.50 to $10.00 and set a “neutral” rating for the company in a research report on Wednesday, March 20th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Claros Mortgage Trust from $11.00 to $9.50 and set a “neutral” rating on the stock in a research report on Wednesday, April 10th.

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.