Claros Mortgage Trust, Inc. (CMTG)

NYSE: CMTG · IEX Real-Time Price · USD
9.70
+0.27 (2.81%)
Mar 28, 2024, 3:25 PM EDT - Market open
2.81%
Market Cap 1.31B
Revenue (ttm) 306.55M
Net Income (ttm) 6.03M
Shares Out 138.75M
EPS (ttm) 0.02
PE Ratio 475.00
Forward PE 11.13
Dividend $1.00 (10.32%)
Ex-Dividend Date Mar 27, 2024
Volume 128,465
Open 9.44
Previous Close 9.43
Day's Range 9.44 - 9.79
52-Week Range 9.06 - 15.25
Beta 1.60
Analysts Hold
Price Target 10.44 (+7.68%)
Earnings Date Apr 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]

Industry REIT - Mortgage
Sector Real Estate
IPO Date Nov 3, 2021
Country United States
Stock Exchange NYSE
Ticker Symbol CMTG
Full Company Profile

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 Statements

Analyst Forecast

According to 5 analysts, the average rating for CMTG stock is "Hold." The 12-month stock price forecast is $10.44, which is an increase of 7.68% from the latest price.

Price Target
$10.44
(7.68% upside)
Analyst Consensus: Hold
Stock Forecasts

News

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...

22 hours ago - Business Wire

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...

12 days ago - Business Wire

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, ...

4 weeks ago - Business Wire

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...

5 weeks ago - Business Wire

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 ...

7 weeks ago - Business Wire

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'...

2 months ago - Business Wire

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.

2 months ago - CNBC Television

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...

5 months ago - Business Wire

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...

5 months ago - Business Wire

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...

8 months ago - Business Wire

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...

9 months ago - Business Wire

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...

11 months ago - Business Wire

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...

1 year ago - Business Wire

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...

1 year ago - Business Wire

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...

1 year ago - Business Wire

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...

1 year ago - Business Wire

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...

1 year ago - PRNewsWire

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...

1 year ago - Business Wire

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...

1 year ago - Business Wire

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...

1 year ago - Business Wire

Claros Mortgage Trust, Inc. Reports Third 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 September 30, 2022.

1 year ago - Business Wire

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

1 year 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 202...

1 year 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...

1 year 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 tradin...

1 year ago - Business Wire