Claros Mortgage Trust, Inc. (CMTG)

NYSE: CMTG · IEX Real-Time Price · USD
13.92
-0.59 (-4.07%)
Sep 23, 2022 4:00 PM EDT - Market closed
-4.07%
Market Cap 1.94B
Revenue (ttm) 249.42M
Net Income (ttm) 162.55M
Shares Out 139.47M
EPS (ttm) 1.15
PE Ratio 12.10
Forward PE 10.63
Dividend $1.11 (7.97%)
Ex-Dividend Date Sep 29, 2022
Volume 505,274
Open 14.35
Previous Close 14.51
Day's Range 13.76 - 14.50
52-Week Range 13.76 - 21.09
Beta n/a
Analysts Buy
Price Target 19.18 (+37.8%)
Earnings Date Aug 2, 2022

About CMTG

Claros Mortgage Trust, Inc. is a real estate investment trust that focuses primarily on originating senior and subordinate loans on transitional commercial real estate assets located in principal markets across the United States. The company is qualified as a real estate investment trust (REIT) under the Internal Revenue Code. As a REIT, its net income would be exempt from federal taxation to the extent that it is distributed as dividends to shareholders. The company was incorporated in 2015 and is based in New York, New York. [Read more...]

Industry REIT-Mortgage
IPO Date Nov 3, 2021
Employees 2,021
Stock Exchange NYSE
Ticker Symbol CMTG
Full Company Profile

Financial Performance

In 2021, CMTG's revenue was $247.02 million, a decrease of -9.75% compared to the previous year's $273.71 million. Earnings were $170.55 million, a decrease of -15.74%.

Financial Statements

Analyst Forecast

According to 11 analysts, the average rating for CMTG stock is "Buy." The 12-month stock price forecast is 19.18, which is an increase of 37.79% from the latest price.

Price Target
$19.18
(37.79% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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 $0.37 per share of common stock with respect to the third quarter of 2022. The divide...

1 week ago - Business Wire

Claros Mortgage Trust, Inc. Reports Second Quarter 2022 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, 2022. The Company's second quarter 2022 ...

1 month ago - Business Wire

Claros Mortgage Trust, Inc. Announces Time Change for Second Quarter 2022 Earnings Conference Call

NEW YORK--(BUSINESS WIRE)--Claros Mortgage Trust, Inc. (NYSE: CMTG) (the “Company” or “CMTG”) today announced that it has changed the time of its second quarter 2022 earnings conference call to 9:00 a.m...

1 month ago - Business Wire

Claros Mortgage Trust, Inc. Announces Dates for Second 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 second quarter 2022 financial results after the closing of trading ...

1 month ago - Business Wire

Is Claros Mortgage Trust, Inc. (CMTG) Outperforming Other Finance Stocks This Year?

Here is how Claros Mortgage Trust, Inc. (CMTG) and CVB Financial (CVBF) have performed compared to their sector so far this year.

2 months ago - Zacks Investment Research

Has Claros Mortgage Trust, Inc. (CMTG) Outpaced Other Finance Stocks This Year?

Here is how Claros Mortgage Trust, Inc. (CMTG) and Farmland Partners (FPI) have performed compared to their sector so far this year.

3 months ago - Zacks Investment Research

Claros Mortgage Trust, Inc. to Present at Nareit's REITweek: 2022 Investor Conference

NEW YORK--(BUSINESS WIRE)--Claros Mortgage Trust, Inc. (NYSE: CMTG) (the “Company” or “CMTG”) today announced that J. Michael McGillis, President and Director, and Jai Agarwal, Chief Financial Officer, ...

3 months ago - Business Wire

Claros Mortgage Trust, Inc. Reports First Quarter 2022 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, 2022. The Company's first quarter 2022 ...

4 months ago - Business Wire

Claros Mortgage Trust, Inc. Announces First 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 first quarter 2022 financial results after the closing of trading o...

4 months ago - Business Wire

Claros Mortgage Trust, Inc. Announces 2022 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 2022 Annual Meeting of Stockholders virtually on June 1, 2022, beginni...

5 months ago - Business Wire

Claros Mortgage Trust, Inc. Reports Fourth Quarter 2021 Results

NEW YORK--(BUSINESS WIRE)--Claros Mortgage Trust, Inc. (NYSE: CMTG) (the “Company” or “CMTG”) today reported its financial results for the quarter ended December 31, 2021. The Company's fourth quarter 2...

6 months ago - Business Wire

Claros Mortgage Trust, Inc. Announces Fourth Quarter 2021 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 2021 financial results after th...

6 months ago - Business Wire

Claros Mortgage Trust, Inc. Announces Tax Treatment of 2021 Dividends

NEW YORK--(BUSINESS WIRE)--Claros Mortgage Trust, Inc. (NYSE: CMTG) (the “Company” or “CMTG”) today announced the tax treatment of its 2021 common stock dividends. The following table summarizes CMTG's ...

6 months ago - Business Wire

Claros Mortgage Trust, Inc. Appoints Jai Agarwal Chief Financial Officer

NEW YORK--(BUSINESS WIRE)--Claros Mortgage Trust, Inc. (NYSE: CMTG) (the “Company” or “CMTG”) today announced the appointment of Jai Agarwal as its Chief Financial Officer. Mr. Agarwal will succeed J. M...

6 months ago - Business Wire

Claros Mortgage Trust, Inc. Announces Fourth Quarter 2021 Originations and Acquisitions of $1.8 Billion

NEW YORK--(BUSINESS WIRE)--Claros Mortgage Trust, Inc. (NYSE: CMTG) (the “Company” or “CMTG”) today announced that it originated and acquired approximately $1.8 billion of loan commitments in the fourth...

7 months ago - Business Wire

Claros Mortgage Trust, Inc. Reports Third Quarter 2021 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, 2021. The Company's third quarter 2...

9 months ago - Business Wire

Claros Mortgage Trust, Inc. Announces Third Quarter 2021 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 2021 financial results after the closing of trading o...

9 months ago - Business Wire

Claros Mortgage Trust, Inc. Announces Term Loan Repricing

NEW YORK--(BUSINESS WIRE)--Claros Mortgage Trust, Inc. (NYSE: CMTG) (the “Company” or “CMTG”) today announced the repricing of its approximately $763 million secured term loan B facility maturing August...

9 months ago - Business Wire