During the last session, Claros Mortgage Trust Inc (NYSE:CMTG)’s traded shares were 0.49 million, with the beta value of the company hitting 1.63. At the end of the trading day, the stock’s price was $4.48, reflecting an intraday gain of 3.23% or $0.14. The 52-week high for the CMTG share is $13.67, that puts it down -205.13 from that peak though still a striking 12.05% gain since the share price plummeted to a 52-week low of $3.94. The company’s market capitalization is $624.34M, and the average intraday trading volume over the past 10 days was 0.62 million shares, and the average trade volume was 394.31K shares over the past three months.
Claros Mortgage Trust Inc (CMTG) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 3.33. CMTG has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 0 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.12.
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Claros Mortgage Trust Inc (NYSE:CMTG) trade information
Claros Mortgage Trust Inc (CMTG) registered a 3.23% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 3.23% in intraday trading to $4.48, hitting a weekly high. The stock’s 5-day price performance is 3.70%, and it has moved by -30.43% in 30 days. Based on these gigs, the overall price performance for the year is -66.62%. The short interest in Claros Mortgage Trust Inc (NYSE:CMTG) is 3.89 million shares and it means that shorts have 13.32 day(s) to cover.
The consensus price target of analysts on Wall Street is $18.25, which implies an increase of 75.45% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $17.5 and $19 respectively. As a result, CMTG is trading at a discount of -324.11% off the target high and -290.62% off the low.
Claros Mortgage Trust Inc (CMTG) estimates and forecasts
Statistics show that Claros Mortgage Trust Inc has underperformed its competitors in share price, compared to the industry in which it operates. Claros Mortgage Trust Inc (CMTG) shares have gone down -44.21% during the last six months, with a year-to-date growth rate less than the industry average at -97.71% against -15.40. In the rating firms’ projections, revenue will decrease -18.20% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 58.21M as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 50.27M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 75.97M and 58.83M respectively. In this case, analysts expect current quarter sales to shrink by -23.38% and then drop by -14.55% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -45.83%. While earnings are projected to return -92.48% in 2025, the next five years will return 29.00% per annum.
CMTG Dividends
Claros Mortgage Trust Inc is due to release its next quarterly earnings in February. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Claros Mortgage Trust Inc is 0.60, with the dividend yield indicating at 13.39 percent, continuing the trend of increasing dividends in recent years.
Claros Mortgage Trust Inc (NYSE:CMTG)’s Major holders
Claros Mortgage Trust Inc insiders own 17.51% of total outstanding shares while institutional holders control 74.09%, with the float percentage being 89.82%. HYUNDAI INVESTMENTS CO., LTD. is the largest shareholder of the company, while 158.0 institutions own stock in it. As of 2024-06-30, the company held over 27.4 million shares (or 19.7434% of all shares), a total value of $219.76 million in shares.
The next largest institutional holding, with 15.13 million shares, is of KOCH INDUSTRIES INC’s that is approximately 10.8991% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $121.32 million.
