Claros Mortgage Trust (CMTG) to Announce Quarterly Earnings on Tuesday

Claros Mortgage Trust (NYSE:CMTG) is projected to announce its earnings results before the market opens on Tuesday, February 18th. Analysts expect the company to announce earnings of $0.12 per share and revenue of $58.07 million for the quarter.

Claros Mortgage Trust Trading Down 2.0 %

Shares of Claros Mortgage Trust stock opened at $3.23 on Tuesday. The firm has a market cap of $449.45 million, a price-to-earnings ratio of -5.12 and a beta of 1.57. Claros Mortgage Trust has a 52-week low of $3.14 and a 52-week high of $10.37. The company’s 50-day simple moving average is $4.45 and its 200-day simple moving average is $6.39. The company has a quick ratio of 20.68, a current ratio of 20.68 and a debt-to-equity ratio of 2.11.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on CMTG shares. Keefe, Bruyette & Woods cut their target price on Claros Mortgage Trust from $6.50 to $4.00 and set an “underperform” rating for the company in a research note on Tuesday, January 14th. UBS Group raised Claros Mortgage Trust from a “neutral” rating to a “buy” rating and reduced their target price for the company from $8.00 to $6.00 in a report on Friday, January 10th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Claros Mortgage Trust from $9.00 to $6.50 and set a “neutral” rating on the stock in a research note on Thursday, October 17th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $6.13.

Claros Mortgage Trust Company Profile

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.