Claros Mortgage Trust (NYSE:CMTG) Posts Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Posted by Linda Flegge on Feb 19th, 2025

Claros Mortgage Trust (NYSE:CMTG – Get Free Report) posted its earnings results on Wednesday. The company reported $0.15 EPS for the quarter, topping 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 Stock Performance

Shares of Claros Mortgage Trust stock traded down $0.05 on Wednesday, reaching $2.90. 805,224 shares of the company traded hands, compared to its average volume of 600,073. Claros Mortgage Trust has a 52 week low of $2.84 and a 52 week high of $10.15. The company has a 50 day moving average of $4.05 and a 200 day moving average of $6.12. 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 debt-to-equity ratio of 2.11, a current ratio of 20.68 and a quick ratio of 20.68.

Analysts Set New Price Targets

CMTG has been the subject of a number of research reports. UBS Group raised shares of 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 research report on Friday, January 10th. Keefe, Bruyette & Woods reduced their target price on shares of Claros Mortgage Trust from $6.50 to $4.00 and set an “underperform” rating for the company in a research report on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Claros Mortgage Trust currently has a consensus rating of “Hold” and a consensus target price of $6.13.

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About Claros Mortgage Trust

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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.