Shares of Claros Mortgage Trust, Inc. (NYSE:CMTG – Get Free Report) reached a new 52-week low on Wednesday after Wells Fargo & Company lowered their price target on the stock from $11.00 to $9.00. Wells Fargo & Company currently has an equal weight rating on the stock. Claros Mortgage Trust traded as low as $8.19 and last traded at $8.20, with a volume of 33408 shares trading hands. The stock had previously closed at $8.66.
CMTG has been the subject of a number of other reports. UBS Group reduced their target price on shares of Claros Mortgage Trust from $11.50 to $10.00 and set a “neutral” rating for the company in a report on Wednesday, March 20th. Keefe, Bruyette & Woods reduced their target price on shares of Claros Mortgage Trust from $9.75 to $9.50 and set an “underperform” rating for the company in a report on Wednesday, April 10th. 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 for the company in a report on Wednesday, April 10th.
Check Out Our Latest Analysis on Claros Mortgage Trust
Hedge Funds Weigh In On Claros Mortgage Trust
Claros Mortgage Trust Trading Up 1.3 %
The stock has a 50-day moving average of $9.26 and a 200 day moving average of $10.92. The stock has a market cap of $1.16 billion, a PE ratio of -13.44 and a beta of 1.59. The company has a quick ratio of 25.03, a current ratio of 25.03 and a debt-to-equity ratio of 2.09.
Claros Mortgage Trust (NYSE:CMTG – Get Free Report) last released its quarterly earnings data on Tuesday, February 20th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.12 by $0.19. Claros Mortgage Trust had a return on equity of 2.01% and a net margin of 1.97%. The business had revenue of $75.98 million for the quarter, compared to analyst estimates of $72.79 million. As a group, sell-side analysts anticipate that Claros Mortgage Trust, Inc. will post 0.66 earnings per share for the current year.
Claros Mortgage Trust Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were given a $0.25 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.00 annualized dividend and a yield of 12.00%. Claros Mortgage Trust’s dividend payout ratio is presently -161.29%.
About Claros Mortgage Trust
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.
See Also
- Five stocks we like better than Claros Mortgage Trust
- What is Short Interest? How to Use It
- Roblox: The Bottom Just Fell Out of the Metaverse
- Best Stocks Under $5.00
- Airbnb Stock Plummets After Earnings, But is It a Buy?
- Comparing and Trading High PE Ratio Stocks
- Uber’s Earnings Drop Is Investors Opportunity
Receive News & Ratings for Claros Mortgage Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Claros Mortgage Trust and related companies with MarketBeat.com's FREE daily email newsletter.