Claros Mortgage Trust (NYSE:CMTG) Posts Earnings Results, Misses Estimates By $0.38 EPS

Claros Mortgage Trust (NYSE:CMTG) released its quarterly earnings data on Wednesday. The company reported ($0.63) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.38), FiscalAI reports. Claros Mortgage Trust had a negative net margin of 267.14% and a negative return on equity of 19.34%. The firm had revenue of $30.00 million during the quarter, compared to analysts’ expectations of $33.55 million.

Claros Mortgage Trust Stock Performance

NYSE CMTG traded down $0.28 during trading hours on Thursday, hitting $1.79. The company had a trading volume of 1,898,367 shares, compared to its average volume of 551,610. The business has a fifty day simple moving average of $2.36 and a 200-day simple moving average of $2.47. Claros Mortgage Trust has a fifty-two week low of $1.76 and a fifty-two week high of $3.99. The firm has a market cap of $251.69 million, a P/E ratio of -0.54 and a beta of 1.13. The company has a quick ratio of 21.44, a current ratio of 21.44 and a debt-to-equity ratio of 1.53.

Wall Street Analyst Weigh In

CMTG has been the subject of several recent research reports. UBS Group began coverage on shares of Claros Mortgage Trust in a report on Thursday, July 16th. They set a “neutral” rating and a $2.75 target price for the company. Wall Street Zen upgraded shares of Claros Mortgage Trust from a “sell” rating to a “hold” rating in a report on Saturday, July 4th. Keefe, Bruyette & Woods decreased their price objective on Claros Mortgage Trust from $2.50 to $2.25 and set an “underperform” rating on the stock in a report on Wednesday, May 13th. Finally, Weiss Ratings upgraded shares of Claros Mortgage Trust from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, July 20th. One investment analyst has rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Strong Sell” and an average target price of $2.50.

Institutional Trading of Claros Mortgage Trust

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets boosted its stake in shares of Claros Mortgage Trust by 75.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 8,938 shares of the company’s stock worth $25,000 after acquiring an additional 3,854 shares in the last quarter. Focus Partners Wealth acquired a new position in Claros Mortgage Trust during the third quarter valued at approximately $34,000. Mariner LLC bought a new position in shares of Claros Mortgage Trust in the fourth quarter worth about $38,000. Jump Financial LLC bought a new stake in shares of Claros Mortgage Trust in the second quarter valued at approximately $44,000. Finally, CIBC Asset Management Inc acquired a new stake in Claros Mortgage Trust during the fourth quarter worth about $48,000. 89.53% of the stock is currently owned by institutional investors.

Claros Mortgage Trust Company Profile

Claros Mortgage Trust is a specialty finance company structured as a real estate investment trust that acquires and manages a portfolio of newly originated, conventional residential mortgage loans guaranteed or insured by U.S. government‐sponsored enterprises. The company concentrates on Agency collateral, including loans backed by Ginnie Mae, Fannie Mae and Freddie Mac, aiming to generate current income while preserving capital through high‐quality, credit‐enhanced assets.

Under an external management agreement with Claros Mortgage Capital Advisors LLC, the firm leverages a seasoned team to source, underwrite and service mortgage assets.