Claros Mortgage Trust Inc (NYSE:CMTG)’s traded shares stood at 0.49 million during the last session, with the company’s beta value hitting 1.56. At the close of trading, the stock’s price was $4.09, to imply a decrease of -5.32% or -$0.23 in intraday trading. The CMTG share’s 52-week high remains $14.62, putting it -257.46% down since that peak but still an impressive 2.69% since price per share fell to its 52-week low of $3.98. The company has a valuation of $570.00M, with an average of 0.51 million shares in intraday trading volume over the past 10 days and average of 369.06K shares over the past 3 months.
Analysts have given a consensus recommendation of Hold for Claros Mortgage Trust Inc (CMTG), translating to a mean rating of 3.33. Of 2 analyst(s) looking at the stock, 0 analyst(s) give CMTG a Sell rating. 0 of those analysts rate the stock as Overweight while 2 advise Hold as 0 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.12.
Claros Mortgage Trust Inc (NYSE:CMTG) trade information
After registering a -5.32% downside in the last session, Claros Mortgage Trust Inc (CMTG) has traded red over the past five days. The 5-day price performance for the stock is -0.49%, and -37.94% over 30 days. With these gigs, the year-to-date price performance is -69.99%. Short interest in Claros Mortgage Trust Inc (NYSE:CMTG) saw shorts transact 3.87 million shares and set a 11.22 days time to cover.
The extremes give us $17.5 and $19 for target low and target high price respectively. As such, CMTG has been trading -364.55% off suggested target high and -327.87% from its likely low.
Claros Mortgage Trust Inc (CMTG) estimates and forecasts
Looking at statistics comparing Claros Mortgage Trust Inc share performance against respective industry, we note that the company has underperformed competitors. Claros Mortgage Trust Inc (CMTG) shares are -49.00% down over the last 6 months, with its year-to-date growth rate lower than industry average at -97.71% against -15.40%. The rating firms project that company’s revenue will shrink -18.20% compared to the previous financial year.
Revenue forecast for the current quarter as set by 2 analysts is 58.21M. Meanwhile, for the current quarter, a total of 2 analyst(s) estimate revenue growth to 50.27M.Earnings reports from the last fiscal year show that sales brought in 75.97M and 58.83M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -23.38% before dropping -14.55% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -45.83% for the past 5-year period. While 2024 is set for a -92.48% return in earnings, projections for the next 5 years are at 29.00% annually.
CMTG Dividends
Claros Mortgage Trust Inc has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Claros Mortgage Trust Inc has a forward dividend ratio of 0.85, with the share yield ticking at 20.78% to continue the rising pattern observed over the past year.
Claros Mortgage Trust Inc (NYSE:CMTG)’s Major holders
Claros Mortgage Trust Inc insiders hold 17.51% of total outstanding shares, with institutional holders owning 74.11% of the shares at 89.84% float percentage. In total, 74.11% institutions holds shares in the company, led by HYUNDAI INVESTMENTS CO., LTD.. As of 2024-06-30, the company held over 27.4 million shares (or 19.7434% of shares), all amounting to roughly $219.76 million.
The next major institution holding the largest number of shares is KOCH INDUSTRIES INC with 15.13 million shares, or about 10.8991% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $121.32 million.
