Claros Mortgage Trust (CMTG) Set to Announce Quarterly Earnings on Thursday

Claros Mortgage Trust (NYSE:CMTG) will issue its quarterly earnings data after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.13 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Claros Mortgage Trust (NYSE:CMTG) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.10. The firm had revenue of $64.49 million during the quarter, compared to the consensus estimate of $64.25 million. Claros Mortgage Trust had a positive return on equity of 3.30% and a negative net margin of 35.47%. 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

Shares of NYSE:CMTG opened at $6.48 on Thursday. 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 business’s fifty day moving average price is $7.31 and its two-hundred day moving average price is $8.05. The stock has a market cap of $899.08 million, a PE ratio of -10.11 and a beta of 1.49. Claros Mortgage Trust has a one year low of $6.08 and a one year high of $15.25.

Claros Mortgage Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 6.17%. The ex-dividend date of this dividend was Monday, September 30th. Claros Mortgage Trust’s payout ratio is currently -64.52%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CMTG. JPMorgan Chase & Co. reduced 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. Wells Fargo & Company cut shares of Claros Mortgage Trust from an “equal weight” rating to an “underweight” rating and set a $8.00 target price for the company. in a research note on Friday, September 20th. Keefe, Bruyette & Woods reduced their price target on Claros Mortgage Trust from $8.50 to $8.00 and set an “underperform” rating on the stock in a research note on Monday, August 12th. Finally, BTIG Research began coverage on Claros Mortgage Trust in a research report on Friday, July 19th. They issued a “neutral” rating for the company. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat.com, Claros Mortgage Trust has a consensus rating of “Hold” and a consensus target price of $8.13.

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.