Claros Mortgage Trust (NYSE:CMTG – Get Free Report) announced its quarterly earnings results on Wednesday. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.12 by $0.03, Zacks reports. Claros Mortgage Trust had a negative net margin of 32.75% and a positive return on equity of 5.60%.
Claros Mortgage Trust Trading Down 1.6 %
Shares of CMTG stock traded down $0.05 during mid-day trading on Wednesday, reaching $2.90. The stock had a trading volume of 805,224 shares, compared to its average volume of 600,073. The stock’s 50-day moving average price is $4.05 and its two-hundred day moving average price is $6.12. Claros Mortgage Trust has a 52-week low of $2.84 and a 52-week high of $10.15. The firm has a market capitalization of $404.56 million, a PE ratio of -4.61 and a beta of 1.57. The company has a current ratio of 20.68, a quick ratio of 20.68 and a debt-to-equity ratio of 2.11.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on CMTG. UBS Group raised shares of Claros Mortgage Trust from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $8.00 to $6.00 in a report on Friday, January 10th. Keefe, Bruyette & Woods dropped their price objective on shares of Claros Mortgage Trust from $6.50 to $4.00 and set an “underperform” rating for the company in a report on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target 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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