Claros Mortgage Trust, Inc. (NYSE:CMTG) has recently received a “Reduce” consensus rating from six brokerages that cover the firm, according to Bloomberg.com. Of the six analysts, one has given the stock a sell rating and five have issued a hold rating on the company. Additionally, these brokerages have provided an average one-year price target of $13.70 for CMTG.
On Friday, September 22, CMTG opened at $11.18 with a market capitalization of $1.55 billion. The company’s price-to-earnings ratio stands at 27.27 and it has a beta of 1.76. CMTG also maintains a 50-day simple moving average of $11.44 and a two-hundred day simple moving average of $11.42.
When evaluating its financial stability, Claros Mortgage Trust displays favorable liquidity ratios with both quick ratio and current ratio standing at 35.27 in comparison to its debt-to-equity ratio of 2.10.
It is important to note that Claros Mortgage Trust has experienced fluctuations in its stock value over the past year, with a 52-week low of $10.08 and a high of $18.15.
As for institutional investors’ actions regarding CMTG, several hedge funds and other institutional investors have made recent changes to their positions in the company. For instance, Compagnie Lombard Odier SCmA acquired a new position valued at approximately $1,544,000 during the fourth quarter while Van ECK Associates Corp raised its holdings by 5.8% during the first quarter.
Furthermore, Denali Advisors LLC purchased shares worth around $380,000 in Q1, SG Americas Securities LLC saw an increase of 37.2% in holdings during Q1 to reach ownership worth $177,000 by acquiring an additional 4,132 shares, and Levin Capital Strategies L.P. obtained a new position valued at $147,000 during the fourth quarter. Collectively, these hedge funds and institutional investors hold 71.57% of Claros Mortgage Trust’s stock.
Regarding the company’s financial performance, Claros Mortgage Trust reported its quarterly earnings results on Tuesday, August 1st. The firm disclosed an EPS (earnings per share) of ($0.10) for the quarter, falling short of analysts’ consensus estimates of $0.30 by ($0.40). Additionally, the company generated revenues of $80.93 million during the quarter, slightly below estimates of $80.99 million. Claros Mortgage Trust exhibited a net margin of 19.46% and a return on equity of 5.15%. Analysts anticipate that Claros Mortgage Trust will post an EPS of 0.45 for the current fiscal year.
In conclusion, although Claros Mortgage Trust has received mixed ratings from analysts and experienced some fluctuations in its stock value over the past year, it remains to be seen how these factors may impact future performance of this mortgage trust company.
Updated on: 07/12/2023
Debt to equity ratio: Buy
Price to earnings ratio: Strong Sell
Price to book ratio: Strong Buy
DCF: Strong Buy
We did not find social sentiment data for this stock
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Examining Claros Mortgage Trust’s Recent Analyst Recommendations and Dividend Announcement
In recent weeks, the stock of Claros Mortgage Trust (CMTG) has been subject to scrutiny and analysis by research analysts. Various firms have weighed in on the company, providing their insights and recommendations. Keefe, Bruyette & Woods recently lowered their target price for CMTG shares from $11.00 to $10.00 in a report published on August 30th. This adjustment likely reflects their assessment of the current market conditions and factors affecting Claros Mortgage Trust.
JPMorgan Chase & Co., on the other hand, upgraded its rating for CMTG from “underweight” to “neutral.” In addition, they raised their price objective for the stock from $11.50 to $12.00 in a research note issued on July 24th. This change in perspective may be indicative of renewed confidence in Claros Mortgage Trust’s performance.
However, not all firms hold such bullish sentiments towards CMTG. Wells Fargo & Company downgraded Claros Mortgage Trust shares from an “overweight” rating to an “equal weight” rating. Furthermore, they reduced their target price for the stock from $13.00 to $11.00 in a report released on August 3rd.
It is important to note that these assessments are subjective views based on various analyses conducted by different research analysts with different perspectives and methodologies. Investors should carefully consider multiple opinions before making any investment decisions concerning Claros Mortgage Trust or any other security.
Aside from analyst viewpoints, Claros Mortgage Trust has also announced its plans regarding dividends. The company disclosed that it will be paying a quarterly dividend on Friday, October 13th. Shareholders who are recorded as owners of CMTG shares as of September 29th will receive a dividend payment of $0.25 per share.
Based on this dividend payment, the annualized dividend amounts to $1.00 per share, which represents a yield of 8.94%. It is worth noting that the ex-dividend date for Claros Mortgage Trust is September 28th. This means that investors who purchase the stock after this date will not be eligible to receive the forthcoming dividend payment.
Finally, it is essential to consider Claros Mortgage Trust’s payout ratio, which measures the proportion of earnings paid out as dividends. As of now, the company’s payout ratio stands at 360.98%. This peculiar statistic raises questions about the sustainability of such a high payout level and may require further investigation.
In conclusion, Claros Mortgage Trust has recently attracted attention from research analysts who have offered their varied perspectives on the stock. Investors should carefully assess these recommendations in light of their own investment goals and risk tolerances. Additionally, shareholders should take note of the upcoming dividend payment, ensuring they meet the necessary requirements to receive it. The unusually high payout ratio also warrants scrutiny and due diligence by potential investors interested in Claros Mortgage Trust.Spring