In the last trading session, 1.04 million shares of the Claros Mortgage Trust Inc (NYSE:CMTG) were traded, and its beta was 1.29. Most recently the company’s share price was $2.48, and it changed around $0.17 or 7.36% from the last close, which brings the market valuation of the company to $345.61M. CMTG currently trades at a discount to its 52-week high of $9.75, offering almost -293.15% off that amount. The share price’s 52-week low was $2.13, which indicates that the current value has risen by an impressive 14.11% since then. We note from Claros Mortgage Trust Inc’s average daily trading volume that its 10-day average is 1.3 million shares, with the 3-month average coming to 1.30 million.
Claros Mortgage Trust Inc stock received a consensus recommendation rating of Hold, based on a mean score of 3.33. If we narrow it down even further, the data shows that 1 out of 6 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 3 recommended CMTG as a Hold, whereas 1 deemed it a Buy, and 1 rated it as Underweight. Claros Mortgage Trust Inc is expected to report earnings per share of -0.28 for the current quarter.
Claros Mortgage Trust Inc (NYSE:CMTG) trade information
Instantly CMTG has showed a green trend with a performance of 7.36% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 2.79 on recent trading dayincreased the stock’s daily price by 11.11%. The company’s shares are currently down -45.13% year-to-date, but still down -6.77% over the last five days. On the other hand, Claros Mortgage Trust Inc (NYSE:CMTG) is -37.84% down in the 30-day period. We can see from the shorts that 3.42 million shares have been sold at a short interest cover period of 1.64 day(s).
The consensus price target as assigned by Wall Street analysts is $18.25, which translates to bulls needing to increase their stock price by 86.41% from its current value. Analyst projections state that CMTG is forecast to be at a low of $17.5 and a high of $19.
Claros Mortgage Trust Inc (CMTG) estimates and forecasts
The year-over-year growth rate is expected to be -19.83%, down from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 41.91M in revenue for the current quarter. 2 analysts expect Claros Mortgage Trust Inc to make 45.31M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 58.83M and 64.49M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -28.75%. Forecasts for the next quarter put sales growth at -29.74%.
CMTG Dividends
Claros Mortgage Trust Inc’s next quarterly earnings report is expected to be released on 2025-Feb-18. The annual dividend yield of the stock is 7.10 percent and its annual dividend per share was 0.18. It is important to note, however, that the 7.10% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
Claros Mortgage Trust Inc (NYSE:CMTG)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 17.62% of Claros Mortgage Trust Inc shares, and 69.23% of them are in the hands of institutional investors. The stock currently has a share float of 84.04%. Claros Mortgage Trust Inc stock is held by 168.0 institutions, with HYUNDAI INVESTMENTS CO., LTD. being the largest institutional investor. By 2024-06-30, it held 19.7026% of the shares, which is about 27.4 million shares worth $219.76 million.
KOCH INDUSTRIES INC, with 10.8766% or 15.13 million shares worth $121.32 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
