Claros Mortgage Trust (NYSE:CMTG – Get Free Report) released its earnings results on Wednesday. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.03, Zacks reports. Claros Mortgage Trust had a positive return on equity of 5.60% and a negative net margin of 32.75%.
Claros Mortgage Trust Trading Down 1.6 %
Shares of NYSE CMTG traded down $0.05 during midday trading on Wednesday, reaching $2.90. The company had a trading volume of 805,224 shares, compared to its average volume of 600,073. The firm’s fifty day moving average price is $4.05 and its 200-day moving average price is $6.12. The company has a quick ratio of 20.68, a current ratio of 20.68 and a debt-to-equity ratio of 2.11. Claros Mortgage Trust has a one year low of $2.84 and a one year high of $10.15. The stock has a market cap of $404.56 million, a PE ratio of -4.61 and a beta of 1.57.
Analyst Ratings Changes
Several brokerages have recently commented on CMTG. Keefe, Bruyette & Woods reduced their price objective on Claros Mortgage Trust from $6.50 to $4.00 and set an “underperform” rating on the stock in a research report on Tuesday, January 14th. UBS Group upgraded shares of Claros Mortgage Trust from a “neutral” rating to a “buy” rating and reduced their price target for the company from $8.00 to $6.00 in a research report on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $6.13.
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.
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