Claros Mortgage Trust, Inc. (NYSE:CMTG – Get Rating) declared a quarterly dividend on Thursday, December 15th, Wall Street Journal reports. Shareholders of record on Friday, December 30th will be paid a dividend of 0.37 per share on Friday, January 13th. This represents a $1.48 dividend on an annualized basis and a yield of 9.54%. The ex-dividend date is Thursday, December 29th.
Claros Mortgage Trust Stock Performance
NYSE CMTG opened at $15.51 on Wednesday. The business has a 50 day moving average price of $16.51 and a 200 day moving average price of $16.67. The company has a market capitalization of $2.15 billion and a P/E ratio of 14.36. Claros Mortgage Trust has a 1-year low of $11.53 and a 1-year high of $21.09. The company has a debt-to-equity ratio of 1.98, a current ratio of 60.83 and a quick ratio of 60.83.
Get Claros Mortgage Trust alerts:Claros Mortgage Trust (NYSE:CMTG – Get Rating) last issued its quarterly earnings data on Wednesday, November 9th. The company reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). Claros Mortgage Trust had a net margin of 55.82% and a return on equity of 7.04%. The business had revenue of $76.42 million during the quarter, compared to analyst estimates of $77.72 million. Sell-side analysts expect that Claros Mortgage Trust will post 1.38 EPS for the current fiscal year.
Analysts Set New Price Targets
CMTG has been the topic of several recent research reports. Keefe, Bruyette & Woods downgraded Claros Mortgage Trust from a "market perform" rating to an "underperform" rating and set a $16.00 price objective on the stock. in a research report on Thursday, December 15th. JPMorgan Chase & Co. lowered their price target on shares of Claros Mortgage Trust from $17.00 to $15.50 and set an "underweight" rating for the company in a report on Monday, October 24th. Finally, UBS Group reduced their price objective on shares of Claros Mortgage Trust from $19.00 to $17.50 and set a "neutral" rating on the stock in a research note on Wednesday, December 21st.Hedge Funds Weigh In On Claros Mortgage Trust
Several large investors have recently added to or reduced their stakes in CMTG. Bank of New York Mellon Corp grew its holdings in Claros Mortgage Trust by 40.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 352,511 shares of the company's stock valued at $4,139,000 after buying an additional 102,289 shares during the period. Balyasny Asset Management LLC purchased a new stake in Claros Mortgage Trust in the third quarter valued at approximately $4,662,000. Jane Street Group LLC increased its position in Claros Mortgage Trust by 283.6% during the third quarter. Jane Street Group LLC now owns 75,536 shares of the company's stock worth $887,000 after purchasing an additional 55,847 shares during the last quarter. BNP Paribas Arbitrage SNC purchased a new position in Claros Mortgage Trust during the third quarter worth approximately $526,000. Finally, State Street Corp boosted its holdings in shares of Claros Mortgage Trust by 50.4% in the 3rd quarter. State Street Corp now owns 1,741,364 shares of the company's stock valued at $21,067,000 after purchasing an additional 583,376 shares during the last quarter. 71.49% of the stock is currently owned by hedge funds and other institutional investors.
Claros Mortgage Trust Company Profile
(Get Rating)
Claros Mortgage Trust, Inc is a real estate investment trust that focuses primarily on originating senior and subordinate loans on transitional commercial real estate assets located in principal markets across the United States. The company is qualified as a real estate investment trust (REIT) under the Internal Revenue Code.
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