Claros Mortgage Trust (CMTG) Expected to Announce Earnings on Wednesday

Claros Mortgage Trust (NYSE:CMTG) is projected to release its Q1 2025 earnings data after the market closes on Wednesday, May 7th. Analysts expect Claros Mortgage Trust to post earnings of ($0.32) per share and revenue of $41.91 million for the quarter.

Claros Mortgage Trust (NYSE:CMTG) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.12 by $0.03. The business had revenue of $60.23 million for the quarter, compared to the consensus estimate of $58.07 million. Claros Mortgage Trust had a negative net margin of 89.07% and a positive return on equity of 4.72%.

Claros Mortgage Trust Trading Up 2.1 %

Shares of CMTG stock opened at $2.48 on Wednesday. The stock has a 50 day simple moving average of $3.00 and a 200 day simple moving average of $4.40. Claros Mortgage Trust has a 1 year low of $2.13 and a 1 year high of $9.81. The company has a current ratio of 25.67, a quick ratio of 20.68 and a debt-to-equity ratio of 2.08. The stock has a market cap of $345.62 million, a P/E ratio of -1.56 and a beta of 1.12.

Insider Activity

In other Claros Mortgage Trust news, CFO Mike Mcgillis purchased 24,115 shares of the stock in a transaction on Wednesday, March 12th. The stock was acquired at an average cost of $3.30 per share, with a total value of $79,579.50. Following the completion of the purchase, the chief financial officer now directly owns 475,945 shares of the company’s stock, valued at approximately $1,570,618.50. This trade represents a 5.34 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Richard Mack acquired 115,000 shares of the stock in a transaction on Monday, March 10th. The stock was bought at an average price of $3.19 per share, with a total value of $366,850.00. Following the transaction, the chief executive officer now directly owns 2,564,981 shares of the company’s stock, valued at approximately $8,182,289.39. The trade was a 4.69 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 169,115 shares of company stock worth $547,930. 1.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

CMTG has been the subject of a number of research analyst reports. UBS Group lowered their price objective on shares of Claros Mortgage Trust from $5.25 to $3.50 and set a “buy” rating for the company in a research report on Wednesday, April 16th. Keefe, Bruyette & Woods decreased their target price on shares of Claros Mortgage Trust from $4.00 to $2.50 and set an “underperform” rating for the company in a research report on Thursday, February 27th. Finally, Wells Fargo & Company decreased their price target on Claros Mortgage Trust from $8.00 to $3.00 and set an “underweight” rating for the company in a report on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $3.88.

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.