Claros Mortgage Trust (NYSE:CMTG) Issues Quarterly Earnings Results

Claros Mortgage Trust (NYSE:CMTG) announced its quarterly earnings results on Wednesday. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.03, Zacks reports. Claros Mortgage Trust had a negative net margin of 32.75% and a positive return on equity of 5.60%.

Claros Mortgage Trust Trading Down 1.6 %

Shares of NYSE CMTG traded down $0.05 during midday trading on Wednesday, hitting $2.90. 805,224 shares of the company traded hands, compared to its average volume of 600,073. The company has a debt-to-equity ratio of 2.11, a quick ratio of 20.68 and a current ratio of 20.68. Claros Mortgage Trust has a 12-month low of $2.84 and a 12-month high of $10.15. The stock has a 50-day moving average price of $4.05 and a 200 day moving average price of $6.12. The firm has a market cap of $404.56 million, a P/E ratio of -4.61 and a beta of 1.57.

Analysts Set New Price Targets

CMTG has been the topic of several recent analyst reports. UBS Group raised Claros Mortgage Trust from a “neutral” rating to a “buy” rating and cut their target price for the stock from $8.00 to $6.00 in a research note on Friday, January 10th. Keefe, Bruyette & Woods dropped their price objective on Claros Mortgage Trust from $6.50 to $4.00 and set an “underperform” rating for the company in a report on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target 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.