Claros Mortgage TrustCMTG
CMTG
About: Claros Mortgage Trust Inc is a real estate investment trust. The company is focused mainly on originating senior and subordinate loans on transitional commercial real estate assets located in markets across the U.S.
0
Funds holding %
of 6,812 funds
0
Analysts bullish %
of 3 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
31% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 13
25% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 28
4% more funds holding
Funds holding: 98 [Q2] → 102 (+4) [Q3]
0.43% less ownership
Funds ownership: 69.79% [Q2] → 69.35% (-0.43%) [Q3]
7% less capital invested
Capital invested by funds: $777M [Q2] → $722M (-$55.1M) [Q3]
33% less funds holding in top 10
Funds holding in top 10: 3 [Q2] → 2 (-1) [Q3]
82% less call options, than puts
Call options by funds: $25K | Put options by funds: $142K
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$6.50
58%
upside
Avg. target
$7.25
76%
upside
High target
$8
95%
upside
3 analyst ratings
0 positive
0%
2 neutral
67%
1 negative
33%
UBS Douglas Harter 67% 1-year accuracy 18 / 27 met price target | 95%upside $8 | Neutral Maintained | 15 Nov 2024 |
Keefe, Bruyette & Woods Jade Rahmani 38% 1-year accuracy 11 / 29 met price target | 76%upside $7.25 | Underperform Maintained | 12 Nov 2024 |
JP Morgan Richard Shane 59% 1-year accuracy 35 / 59 met price target | 58%upside $6.50 | Neutral Maintained | 17 Oct 2024 |
Financial journalist opinion
Based on 3 articles about CMTG published over the past 30 days
Neutral
Seeking Alpha
5 hours ago
Claros Mortgage Trust: Dividend Suspension Will Benefit Company In Long-Term
Claros Mortgage Trust suspended its dividend to preserve liquidity, reflecting the continued challenges in the CRE transitional lending industry. Suspending the dividend was a difficult and necessary step, but should allow the company more flexibility to optimize its balance going forward. CMTG stock is trading near all-time lows and with a price-to-book ratio of only 0.29, substantially less than peers BXMT and KREF.
Negative
Seeking Alpha
1 week ago
Powell Plays Grinch
U.S. equity markets tumbled this week while benchmark interest rates jumped to six-month highs after the Fed cut rates for a third-straight meeting but indicated a less-dovish outlook for 2025. Reflecting concern over stubbornly sticky inflation and buoyant economic growth, the FOMC's updated Economic Projections indicate just two rate cuts in 2025, down from four in the prior forecast. Posting its worst week since November, the S&P 500 dipped 2.2%. The Dow shed roughly 1,000 points, while the Small-Cap 600 and the Mid-Cap 400 each tumbled by nearly 5%.
Neutral
Business Wire
1 week ago
Claros Mortgage Trust, Inc. Pauses Common Stock Dividend
NEW YORK--(BUSINESS WIRE)--Claros Mortgage Trust, Inc. (NYSE: CMTG) (“the Company” or “CMTG”) today announced that its Board of Directors suspended the Company's quarterly dividend on its common stock commencing with the fourth quarter dividend that would have otherwise been paid in January 2025. CMTG paid three regular quarterly dividends during the year totaling $0.60 per share of common stock, which exceeds its 2024 taxable income estimate. “Taking into consideration that CMTG has fulfilled.
Positive
Seeking Alpha
1 month ago
A Decisive Realignment
U.S. equity markets soared to record highs this week after President-elect Trump scored a surprisingly decisive election victory, including a likely "trifecta" of Republican legislative control in Congress. The outcome sparked powerful moves across global financial markets as investors priced in a combination of domestic-focused and "pro-growth" economic policies but also reflected concern over deficits and immigration policy. Characteristic of the "Trump trade" dynamic, smaller-cap companies led the surge, outperforming mega-cap technology and international-heavy peers. The S&P Small-Cap 600 soared 9%, outpacing 5% gains from the S&P 500.
Neutral
Seeking Alpha
1 month ago
Claros Mortgage Trust, Inc. (CMTG) Q3 2024 Earnings Call Transcript
Claros Mortgage Trust, Inc. (NYSE:CMTG ) Q3 2024 Results Conference Call November 8, 2024 10:00 AM ET Company Participants Anh Huynh - VP, IR Richard Mack - CEO and Chairman Mike McGillis - President and CFO Conference Call Participants Doug Harter - UBS Rick Shane - JPMorgan Steve DeLaney - Citizens, JMP Jade Rahmani - KBW Operator Welcome to Claros Mortgage Trust's Third Quarter 2024 Earnings Conference Call. My name is Bridget, and I will be your conference facilitator today.
Positive
Zacks Investment Research
1 month ago
Claros Mortgage Trust, Inc. (CMTG) Surpasses Q3 Earnings Estimates
Claros Mortgage Trust, Inc. (CMTG) came out with quarterly earnings of $0.22 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to loss of $0.16 per share a year ago.
Neutral
Business Wire
1 month ago
Claros Mortgage Trust, Inc. Reports Third 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 September 30, 2024. The Company's third quarter 2024 GAAP net loss was $56.2 million, or $0.40 per share. Distributable Loss (a non-GAAP financial measure defined below) was $24.6 million, or $0.17 per share. Distributable Earnings prior to realized losses was $31.0 million, or $0.22 per share. Third Quarter 2024 Highlights $6.3 billion loan po.
Neutral
Business Wire
2 months ago
Claros Mortgage Trust, Inc. Announces Dates for Third 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 third quarter 2024 financial results after the closing of trading on the New York Stock Exchange on Thursday, November 7, 2024. A conference call to discuss CMTG's financial results will be held on Friday, November 8, 2024, at 10:00 a.m. ET. The conference call may be accessed by dialing 1-833-470-1428 and referencing the Claros Mortgage Trust, Inc. teleconferen.
Negative
Seeking Alpha
3 months ago
Claros Mortgage Trust: A Commercial Lender Focusing On Transitional Assets
Claros Mortgage Trust focuses on originating senior and mezzanine loans for transitional commercial real estate assets, primarily in large markets like California and New York. CMTG's portfolio includes multifamily, hospitality, and mixed-use assets, with loans typically ranging from $50 to $300 million, and a 98% floating rate portfolio. The REIT faces significant execution risk due to its focus on underperforming transitional assets and an external management fee structure that may not always align with shareholder interests.
Positive
Seeking Alpha
4 months ago
3 'Beaten Down' Mortgage REITs: Darkest Before Dawn?
Recent developments in interest rates and market sentiment on rate cuts present an opportunity for highly discounted mortgage REITs with office exposure. Despite challenges, the risk-return profile of these mREITs has improved, making them potentially lucrative for patient, long-term investors. Granite Point Mortgage Trust, Claros Mortgage Trust, and Blackstone Mortgage Trust are rated as Speculative Buys due to their significant discounts to book value and growth prospects.
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