During the last session, Claros Mortgage Trust Inc (NYSE:CMTG)’s traded shares were 5.72 million, with the beta value of the company hitting 1.62. At the end of the trading day, the stock’s price was $2.64, reflecting an intraday gain of 13.79% or $0.32. The 52-week high for the CMTG share is $9.80, that puts it down -271.21 from that peak though still a striking 19.32% gain since the share price plummeted to a 52-week low of $2.13. The company’s market capitalization is $367.92M, and the average trade volume was 764.94K 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 -0.28.
Claros Mortgage Trust Inc (NYSE:CMTG) trade information
Claros Mortgage Trust Inc (CMTG) registered a 13.79% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 13.79% in intraday trading to $2.64, hitting a weekly high. The stock’s 5-day price performance is 15.28%, and it has moved by -25.42% in 30 days. Based on these gigs, the overall price performance for the year is -71.46%.
The consensus price target of analysts on Wall Street is $18.25, which implies an increase of 85.53% 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 -619.7% off the target high and -562.88% off the low.
Claros Mortgage Trust Inc (CMTG) estimates and forecasts
In the rating firms’ projections, revenue will decrease -19.83% 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 41.91M as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 45.31M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 58.83M and 64.49M respectively. In this case, analysts expect current quarter sales to shrink by -28.75% and then drop by -29.74% in the coming quarter.
While earnings are projected to return 87.00% in 2025.
CMTG Dividends
Claros Mortgage Trust Inc is due to release its next quarterly earnings in April. 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 0.30, with the dividend yield indicating at 11.36 percent, continuing the trend of increasing dividends in recent years.
The next largest institutional holding, with 15.13 million shares, is of KOCH INDUSTRIES INC’s that is approximately 10.8766% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $121.32 million.
Also, the Mutual Funds coming in first place with the largest holdings of Claros Mortgage Trust Inc (CMTG) shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund . Data provided on Sep 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 3.72 shares. This amounts to just over 2.67 percent of the company’s overall shares, with a $9.82 million market value. The same data shows that the other fund manager holds slightly less at 2.96, or about 2.12% of the stock, which is worth about $7.82 million.
