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

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

Claros Mortgage Trust (NYSE:CMTG) last issued its quarterly earnings results on Monday, August 5th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.10. The business had revenue of $64.49 million for the quarter, compared to analyst estimates of $64.25 million. Claros Mortgage Trust had a negative net margin of 35.47% and a positive return on equity of 3.30%. 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 Stock Performance

Shares of NYSE CMTG traded up $0.03 during midday trading on Tuesday, reaching $6.61. The company had a trading volume of 36,271 shares, compared to its average volume of 339,389. The stock has a market cap of $917.14 million, a P/E ratio of -9.03 and a beta of 1.51. The company has a current ratio of 28.19, a quick ratio of 28.19 and a debt-to-equity ratio of 2.12. Claros Mortgage Trust has a 1 year low of $6.08 and a 1 year high of $15.25. The business’s 50-day simple moving average is $7.18 and its 200 day simple moving average is $7.98.

Wall Street Analysts Forecast Growth

A number of analysts have commented on CMTG shares. Keefe, Bruyette & Woods lowered their price target on Claros Mortgage Trust from $8.50 to $8.00 and set an “underperform” rating for the company in a research report on Monday, August 12th. Wells Fargo & Company downgraded Claros Mortgage Trust from an “equal weight” rating to an “underweight” rating and set a $8.00 target price for the company. in a report on Friday, September 20th. BTIG Research started coverage on shares of Claros Mortgage Trust in a report on Friday, July 19th. They issued a “neutral” rating on the stock. Finally, JPMorgan Chase & Co. reduced their price target on shares of Claros Mortgage Trust from $9.00 to $6.50 and set a “neutral” rating for the company in a research report on Thursday, October 17th. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat, Claros Mortgage Trust currently has an average rating of “Hold” and an average price target 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.