Claros Mortgage Trust, Inc. (NYSE:CMTG – Get Rating) was the recipient of a significant decline in short interest in the month of January. As of January 15th, there was short interest totalling 3,320,000 shares, a decline of 24.9% from the December 31st total of 4,420,000 shares. Based on an average daily volume of 327,200 shares, the days-to-cover ratio is presently 10.1 days. Approximately 2.6% of the shares of the company are sold short.
Claros Mortgage Trust Stock Up 2.1 %
CMTG stock opened at $16.48 on Monday. The company has a market cap of $2.28 billion, a PE ratio of 15.26 and a beta of 1.84. The business has a 50-day simple moving average of $16.30 and a 200 day simple moving average of $16.33. Claros Mortgage Trust has a 52 week low of $11.53 and a 52 week high of $21.09. The company has a quick ratio of 60.83, a current ratio of 60.83 and a debt-to-equity ratio of 1.98.
Get Claros Mortgage Trust alerts:Claros Mortgage Trust (NYSE:CMTG – Get Rating) last posted its quarterly earnings results on Wednesday, November 9th. The company reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). The company had revenue of $76.42 million during the quarter, compared to analyst estimates of $77.72 million. Claros Mortgage Trust had a net margin of 55.82% and a return on equity of 7.04%. Sell-side analysts anticipate that Claros Mortgage Trust will post 1.38 EPS for the current fiscal year.
Claros Mortgage Trust Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, January 13th. Investors of record on Friday, December 30th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 8.98%. The ex-dividend date was Thursday, December 29th. Claros Mortgage Trust's dividend payout ratio (DPR) is presently 137.04%.Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Claros Mortgage Trust by 176.7% during the third quarter. Vanguard Group Inc. now owns 10,851,780 shares of the company's stock worth $127,399,000 after acquiring an additional 6,930,200 shares in the last quarter. BlackRock Inc. raised its stake in Claros Mortgage Trust by 12.0% during the third quarter. BlackRock Inc. now owns 7,572,721 shares of the company's stock worth $88,904,000 after acquiring an additional 812,501 shares in the last quarter. Teacher Retirement System of Texas raised its stake in Claros Mortgage Trust by 87.5% during the third quarter. Teacher Retirement System of Texas now owns 7,498,001 shares of the company's stock worth $88,026,000 after acquiring an additional 3,500,000 shares in the last quarter. Northern Trust Corp raised its stake in Claros Mortgage Trust by 24.1% during the second quarter. Northern Trust Corp now owns 3,103,362 shares of the company's stock worth $51,981,000 after acquiring an additional 603,362 shares in the last quarter. Finally, Tesco Pension Investment Ltd acquired a new position in Claros Mortgage Trust during the second quarter worth about $33,500,000. Institutional investors and hedge funds own 71.49% of the company's stock.
Analysts Set New Price Targets
A number of research firms have commented on CMTG. JPMorgan Chase & Co. reduced their price objective on shares of Claros Mortgage Trust from $17.00 to $15.50 and set an "underweight" rating for the company in a research report on Monday, October 24th. Keefe, Bruyette & Woods cut shares of Claros Mortgage Trust from a "market perform" rating to an "underperform" rating and set a $16.00 target price for the company. in a research report on Thursday, December 15th. Finally, UBS Group reduced their target price on shares of Claros Mortgage Trust from $19.00 to $17.50 and set a "neutral" rating for the company in a research report on Wednesday, December 21st.
About Claros Mortgage Trust
(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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