In the last trading session, 1.22 million Claros Mortgage Trust Inc (NYSE:CMTG) shares changed hands as the company’s beta touched 1.60. With the company’s per share price at $2.57 changed hands at -$0.3 or -10.45% during last session, the market valuation stood at $358.16M. CMTG’s last price was a discount, traded about -281.32% off its 52-week high of $9.80. The share price had its 52-week low at $2.77, which suggests the last value was -7.78% down since then.
Analysts gave the Claros Mortgage Trust Inc (CMTG) stock a consensus recommendation rating of Hold, calculated at a mean rating of 3.33. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended CMTG as a Hold, 0 felt it is a Buy and 0 rated the stock as Underweight. Claros Mortgage Trust Inc’s EPS for the current quarter is expected to be -0.17.
Claros Mortgage Trust Inc (NYSE:CMTG) trade information
Instantly CMTG was in red as seen at the end of in last trading. With action -12.88%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -43.14%, with the 5-day performance at -12.88% in the red. However, in the 30-day time frame, Claros Mortgage Trust Inc (NYSE:CMTG) is -26.99% down.
The consensus price target for the stock as assigned by Wall Street analysts is 18.25, meaning bulls need an upside of 85.92% from its current market value. According to analyst projections, CMTG’s forecast low is 17.5 with 19 as the target high. To hit the forecast high, the stock’s price needs a -639.3% plunge from its current level, while the stock would need to soar -580.93% for it to hit the projected low.
Claros Mortgage Trust Inc (CMTG) estimates and forecasts
Year-over-year growth is forecast to reach -19.83% down from the last financial year.
Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 41.91M. 2 analysts are of the opinion that Claros Mortgage Trust Inc’s revenue for the current quarter will be 45.31M. The company’s revenue for the corresponding quarters a year ago was 58.83M and 64.49M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -28.75%. The estimates for the next quarter sales put growth at -29.74%.
The 2025 estimates are for Claros Mortgage Trust Inc earnings to increase by 95.21%.
CMTG Dividends
Claros Mortgage Trust Inc is expected to release its next quarterly earnings report in March. The 23.35% annual yield figure for the share gives it an annual dividend of 0.60. It is important to note, however, that the 23.35% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
KOCH INDUSTRIES INC holds the second largest percentage of outstanding shares, with 10.8766% or 15.13 million shares worth $121.32 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund . With 3.72 shares estimated at $9.56 million under it, the former controlled 2.67% of total outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held about 2.12% of the shares, roughly 2.96 shares worth around $7.61 million.
