Claros Mortgage Trust (NYSE:CMTG – Get Free Report) is projected to issue its quarterly earnings data before the market opens on Tuesday, February 18th. Analysts expect the company to announce earnings of $0.12 per share and revenue of $58.07 million for the quarter.
Claros Mortgage Trust Stock Down 2.0 %
Shares of NYSE CMTG opened at $3.23 on Tuesday. The company has a debt-to-equity ratio of 2.11, a current ratio of 20.68 and a quick ratio of 20.68. The firm’s 50-day moving average is $4.45 and its two-hundred day moving average is $6.39. Claros Mortgage Trust has a 12-month low of $3.14 and a 12-month high of $10.37. The company has a market capitalization of $449.45 million, a PE ratio of -5.12 and a beta of 1.57.
Analysts Set New Price Targets
A number of brokerages have commented on CMTG. Keefe, Bruyette & Woods lowered their target price on Claros Mortgage Trust from $6.50 to $4.00 and set an “underperform” rating on the stock in a report on Tuesday, January 14th. UBS Group raised Claros Mortgage Trust from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $8.00 to $6.00 in a research note on Friday, January 10th. Finally, JPMorgan Chase & Co. cut their target price on shares of Claros Mortgage Trust from $9.00 to $6.50 and set a “neutral” rating for the company in a research note on Thursday, October 17th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Claros Mortgage Trust currently has an average rating of “Hold” and a consensus target price of $6.13.
About Claros Mortgage Trust
Claros Mortgage Trust, Inc operates as a real estate investment trust. It focuses on originating senior and subordinate loans on transitional commercial real estate assets in the United States. The company has elected to be taxed as a real estate investment trust. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders.
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