Claros Mortgage Trust (NYSE:CMTG – Get Rating) posted its quarterly earnings data on Tuesday. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.07), reports. The firm had revenue of $57.93 million during the quarter.
Shares of CMTG stock opened at $20.00 on Friday. Claros Mortgage Trust has a 52-week low of $14.96 and a 52-week high of $20.57. The business’s 50 day simple moving average is $18.00.
The firm also recently declared a quarterly dividend, which was paid on Friday, April 15th. Investors of record on Thursday, March 31st were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 7.40%. The ex-dividend date of this dividend was Wednesday, March 30th.
Hedge funds have recently modified their holdings of the stock. Teacher Retirement System of Texas bought a new stake in Claros Mortgage Trust during the 4th quarter valued at $122,892,000. Wafra Inc. bought a new position in shares of Claros Mortgage Trust in the 4th quarter worth $68,000,000. Northern Trust Corp bought a new position in shares of Claros Mortgage Trust in the 4th quarter worth $40,975,000. Long Pond Capital LP purchased a new position in Claros Mortgage Trust during the 4th quarter worth $13,091,000. Finally, Millennium Management LLC purchased a new position in Claros Mortgage Trust during the 4th quarter worth $8,064,000. 54.78% of the stock is owned by hedge funds and other institutional investors.
Several research firms have recently commented on CMTG. JPMorgan Chase & Co. downgraded Claros Mortgage Trust from an “overweight” rating to a “neutral” rating and raised their price objective for the stock from $18.00 to $19.00 in a research note on Monday, April 25th. Zacks Investment Research upgraded Claros Mortgage Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, April 27th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Claros Mortgage Trust presently has an average rating of “Hold” and an average price target of $18.70.
Claros Mortgage Trust Company Profile (Get Rating)
Claros Mortgage Trust, Inc is a real estate investment trust that focuses primarily on originating senior and subordinate loans on transitional commercial real estate assets located in principal markets across the United States. The company is qualified as a real estate investment trust (REIT) under the Internal Revenue Code.
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