Claros Mortgage Trust
CMTG

$7.79

1.83%

Market Cap: $1.08B

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.

Real Estate Real Estate

0

Funds holding %

of 6,686 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

108% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 12

85% more repeat investments, than reductions

Existing positions increased: 37 | Existing positions reduced: 20

50% more funds holding in top 10

Funds holding in top 10: 2 [Q1] → 3 (+1) [Q2]

15% more funds holding

Funds holding: 85 [Q1] → 98 (+13) [Q2]

0.87% more ownership

Funds ownership: 68.6% [Q1] → 69.47% (+0.87%) [Q2]

17% less capital invested

Capital invested by funds: $930M [Q1] → $774M (-$156M) [Q2]

96% less call options, than puts

Call options by funds: $5K | Put options by funds: $142K

See Fund Rankings

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$8

3%

upside

Avg. target

$8.50

9%

upside

High target

$9

16%

upside

2 analyst ratings

0 positive

0%

1 neutral

50%

1 negative

50%

Keefe, Bruyette & Woods Jade Rahmani 70% 1-year accuracy 19 / 27 met price target	3%upside $8	Underperform Maintained	12 Aug 2024
JP Morgan Richard Shane 63% 1-year accuracy 25 / 40 met price target	16%upside $9	Neutral Maintained	16 Jul 2024

See Analyst Rankings

Financial journalist opinion

Based on 3 articles about CMTG published over the past 30 days

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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.

3 'Beaten Down' Mortgage REITs: Darkest Before Dawn?

REIT Fantasy Football: 11 Companies To Start Your Team

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REIT Fantasy Football: 11 Companies To Start Your Team

The Return Of Volatility

In a highly volatile week across global financial markets, U.S. equity markets ultimately finished the week little-changed, while benchmark interest rates rebounded from the lowest levels of the year. Following a historic surge in volatility, stabilization in Asian and European markets, decent jobless claims data, and clarity on the domestic Presidential matchup helped to ease market jitters. Narrowly avoiding a fourth-straight week of losses, the S&P 500 finished flat - staging a late-week rebound after sharp declines early in the week. The Nasdaq remained in "correction territory."

The Return Of Volatility

Claros Mortgage Trust, Inc. (CMTG) Q2 2024 Earnings Call Transcript

Claros Mortgage Trust, Inc. (CMTG) Q2 2024 Earnings Call Transcript

Claros Mortgage Trust, Inc. (CMTG) Q2 2024 Earnings Call Transcript

Zacks Investment Research

Claros Mortgage Trust, Inc. (CMTG) Q2 Earnings and Revenues Beat Estimates

Claros Mortgage Trust, Inc. (CMTG) came out with quarterly earnings of $0.20 per share, beating the Zacks Consensus Estimate of $0.10 per share. This compares to loss of $0.10 per share a year ago.

Claros Mortgage Trust, Inc. (CMTG) Q2 Earnings and Revenues Beat Estimates

Claros Mortgage Trust, Inc. Reports Second 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 June 30, 2024. The Company's second quarter 2024 GAAP net loss was ($11.6 million), or ($0.09) per diluted share. Distributable Earnings (a non-GAAP financial measure defined below) was $28.9 million, or $0.20 per diluted share. Distributable Earnings prior to realized losses was $30.4 million, or $0.21 per diluted share. Second Quarter 2024 Hi.

Claros Mortgage Trust, Inc. Reports Second Quarter 2024 Results

Claros Mortgage Trust, Inc. Announces Dates for Second 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 second quarter 2024 financial results after the closing of trading on the New York Stock Exchange on Monday, August 5, 2024. A conference call to discuss CMTG's financial results will be held on Tuesday, August 6, 2024, at 9:00 a.m. ET. The conference call may be accessed by dialing 1-833-470-1428 and referencing the Claros Mortgage Trust, Inc. teleconference ca.

Claros Mortgage Trust, Inc. Announces Dates for Second Quarter 2024 Earnings Release and Conference Call

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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 fully entitled land immediately adjacent to Taiwan Semiconductor Manufacturing Corporation's (TSMC) semiconductor fabrication campus in Phoenix's North Valley, where TSMC has committed to invest $65 billion in its rapidly growing facilities, with significant further investment anticipated. The pro.

Mack Real Estate Group Affiliate Prevails at Auction for 2,300+ Acres at Taiwan Semiconductor Campus in Phoenix

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 REITweek: 2024 Investor Conference on June 5, 2024, at 11:45 a.m. ET. A live audio webcast of the presentation may be accessed through the Events and Presentations section of CMTG's website at www.clarosmortgage.com/investor-relations/events-and-presentations. For those unable to listen to the live.

Claros Mortgage Trust, Inc. to Present at Nareit's REITweek: 2024 Investor Conference

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