Claros Mortgage Trust, Inc. (CMTG)
Market Cap | 1.11B |
Revenue (ttm) | 296.28M |
Net Income (ttm) | -83.45M |
Shares Out | 138.75M |
EPS (ttm) | -0.63 |
PE Ratio | n/a |
Forward PE | 9.94 |
Dividend | $1.00 (12.45%) |
Ex-Dividend Date | Jun 28, 2024 |
Volume | 205,630 |
Open | 7.91 |
Previous Close | 7.89 |
Day's Range | 7.89 - 8.08 |
52-Week Range | 6.80 - 15.25 |
Beta | 1.53 |
Analysts | Hold |
Price Target | 9.50 (+18.31%) |
Earnings Date | Jul 30, 2024 |
About CMTG
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. The company was incorporated in 2015 and is headquartered in New York, New York. [Read more]
Financial Performance
In 2023, CMTG's revenue was $306.55 million, an increase of 6.74% compared to the previous year's $287.20 million. Earnings were $6.03 million, a decrease of -94.62%.
Financial StatementsAnalyst Forecast
According to 5 analysts, the average rating for CMTG stock is "Hold." The 12-month stock price forecast is $9.5, which is an increase of 18.31% from the latest price.
News
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Mack Real Estate Group Affiliate Prevails at Auction for 2,300+ Acres at Taiwan Semiconductor Campus in Phoenix
NEW YORK & PHOENIX, Ariz.--(BUSINESS WIRE)--An affiliate of Mack Real Estate Group (MREG), Biscuit Flats Dev LLC, has prevailed at an auction held to sell the development rights to over 2,300 acres of...
Claros Mortgage Trust, Inc. to Present at Nareit's REITweek: 2024 Investor Conference
NEW YORK--(BUSINESS WIRE)--Claros Mortgage Trust, Inc. (NYSE: CMTG) (the “Company” or “CMTG”) today announced that J. Michael McGillis, President and Chief Financial Officer, will present at Nareit's ...
Claros Mortgage Trust, Inc. Reports First Quarter 2024 Results
NEW YORK--(BUSINESS WIRE)--Claros Mortgage Trust, Inc. (NYSE: CMTG) (the “Company” or “CMTG”) today reported its financial results for the quarter ended March 31, 2024. The Company's first quarter 202...
Claros Mortgage Trust, Inc. Announces Dates for First Quarter 2024 Earnings Release and Conference Call
NEW YORK--(BUSINESS WIRE)--Claros Mortgage Trust, Inc. (NYSE: CMTG) (the “Company” or “CMTG”) today announced that it will release its first quarter 2024 financial results after the closing of trading...
Claros Mortgage Trust, Inc. Announces 2024 Annual Meeting of Stockholders
NEW YORK--(BUSINESS WIRE)--Claros Mortgage Trust, Inc. (NYSE: CMTG) (the “Company” or “CMTG”) today announced that it will hold its 2024 Annual Meeting of Stockholders virtually on June 4, 2024, begin...
Claros Mortgage Trust, Inc. Declares Common Stock Dividend
NEW YORK--(BUSINESS WIRE)--Claros Mortgage Trust, Inc. (NYSE: CMTG) (“the Company” or “CMTG”) declared a dividend of $0.25 per share of common stock for the first quarter of 2024. The dividend is paya...
Claros Mortgage Trust, Inc. to Present at Citi's 2024 Global Property CEO Conference
NEW YORK--(BUSINESS WIRE)--Claros Mortgage Trust, Inc. (NYSE: CMTG) (“CMTG”) today announced that Richard Mack, Chairman and CEO, will present at the Citi Global Property CEO Conference on Wednesday, ...
Claros Mortgage Trust, Inc. Reports Fourth Quarter and Full Year 2023 Results
NEW YORK--(BUSINESS WIRE)--Claros Mortgage Trust, Inc. (NYSE: CMTG) (the “Company” or “CMTG”) today reported its financial results for the quarter and year ended December 31, 2023. The Company reporte...
Claros Mortgage Trust, Inc. Announces Dates for Fourth Quarter 2023 Earnings Release and Conference Call
NEW YORK--(BUSINESS WIRE)--Claros Mortgage Trust, Inc. (NYSE: CMTG) (the “Company” or “CMTG”) today announced that it will release its fourth quarter and full-year fiscal 2023 financial results after ...
Claros Mortgage Trust, Inc. Announces Tax Treatment of 2023 Dividends
NEW YORK--(BUSINESS WIRE)--Claros Mortgage Trust, Inc. (NYSE: CMTG) (the “Company” or “CMTG”) today announced the tax treatment of its 2023 common stock dividends. The following table summarizes CMTG'...
KBW's Jade Rahmani: We're cautious on the commercial mortgage REITs
Jade Rahmani, KBW managing director, joins 'Fast Money' to talk the commercial real estate market.
Claros Mortgage Trust, Inc. Reports Third Quarter 2023 Results
NEW YORK--(BUSINESS WIRE)--Claros Mortgage Trust, Inc. (NYSE: CMTG) (the “Company” or “CMTG”) today reported its financial results for the quarter ended September 30, 2023. The Company's third quarter...
Claros Mortgage Trust, Inc. Announces Dates for Third Quarter 2023 Earnings Release and Conference Call
NEW YORK--(BUSINESS WIRE)--Claros Mortgage Trust, Inc. (NYSE: CMTG) (the “Company” or “CMTG”) today announced that it will release its third quarter 2023 financial results after the closing of trading...
Claros Mortgage Trust, Inc. Reports Second Quarter 2023 Results
NEW YORK--(BUSINESS WIRE)--Claros Mortgage Trust, Inc. (NYSE: CMTG) (the “Company” or “CMTG”) today reported its financial results for the quarter ended June 30, 2023. The Company's second quarter 202...
Claros Mortgage Trust, Inc. Announces Dates for Second Quarter 2023 Earnings Release and Conference Call
NEW YORK--(BUSINESS WIRE)--Claros Mortgage Trust, Inc. (NYSE: CMTG) (the “Company” or “CMTG”) today announced that it will release its second quarter 2023 financial results after the closing of tradin...
Claros Mortgage Trust, Inc. Reports First Quarter 2023 Results
NEW YORK--(BUSINESS WIRE)--Claros Mortgage Trust, Inc. (NYSE: CMTG) (the “Company” or “CMTG”) today reported its financial results for the quarter ended March 31, 2023. The Company's first quarter 202...
Claros Mortgage Trust, Inc. Announces Dates for First Quarter 2023 Earnings Release and Conference Call
NEW YORK--(BUSINESS WIRE)--Claros Mortgage Trust, Inc. (NYSE: CMTG) (the “Company” or “CMTG”) today announced that it will release its first quarter 2023 financial results after the closing of trading...
Claros Mortgage Trust, Inc. Announces 2023 Annual Meeting of Stockholders
NEW YORK--(BUSINESS WIRE)--Claros Mortgage Trust, Inc. (NYSE: CMTG) (the “Company” or “CMTG”) today announced that it will hold its 2023 Annual Meeting of Stockholders virtually on June 1, 2023, begin...
Claros Mortgage Trust, Inc. to Present at Citi Global Property CEO Conference
NEW YORK--(BUSINESS WIRE)--Claros Mortgage Trust, Inc. (NYSE: CMTG) (the “Company” or “CMTG”) today announced that Richard Mack, Chairman and CEO, will present at the Citi Global Property CEO Conferen...
Bronstein, Gewirtz & Grossman, LLC Notifies Claros Mortgage Trust, Inc. (CMTG) Investors of Investigation
NEW YORK--(BUSINESS WIRE)---- $CMTG #classaction--Attorney Advertising-- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of investors of Claros Mortgage Trust, Inc. (“Cl...
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Claros Mortgage Trust, Inc. - CMTG
NEW YORK , Feb. 22, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Claros Mortgage Trust, Inc. ("Claros" or the "Company") (NYSE: CMTG). Such investors are advis...
Claros Mortgage Trust, Inc. Reports Fourth Quarter and Full Year 2022 Results
NEW YORK--(BUSINESS WIRE)--Claros Mortgage Trust, Inc. (NYSE: CMTG) (the “Company” or “CMTG”) today reported its financial results for the quarter and year ended December 31, 2022. The Company reporte...
Claros Mortgage Trust, Inc. Announces Dates for Fourth Quarter 2022 Earnings Release and Conference Call
NEW YORK--(BUSINESS WIRE)--Claros Mortgage Trust, Inc. (NYSE: CMTG) (the “Company” or “CMTG”) today announced that it will release its fourth quarter and full-year fiscal 2022 financial results afte...
Claros Mortgage Trust, Inc. Announces Tax Treatment of 2022 Dividends
NEW YORK--(BUSINESS WIRE)--Claros Mortgage Trust, Inc. (NYSE: CMTG) (the “Company” or “CMTG”) today announced the tax treatment of its 2022 common stock dividends. The following table summarizes CMT...