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 6,823 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
42% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 12
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
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$4
4%
upside
Avg. target
$5
30%
upside
High target
$6
55%
upside
2 analyst ratings
1 positive
50%
0 neutral
0%
1 negative
50%
Keefe, Bruyette & Woods Jade Rahmani 47% 1-year accuracy 16 / 34 met price target | 4%upside $4 | Underperform Maintained | 14 Jan 2025 |
UBS Douglas Harter 64% 1-year accuracy 18 / 28 met price target | 55%upside $6 | Buy Upgraded | 10 Jan 2025 |
Financial journalist opinion
Based on 5 articles about CMTG published over the past 30 days
Positive
Zacks Investment Research
9 hours ago
New Strong Buy Stocks for January 20th
TV, ALLT, CMTG, PLBC and ARGX have been added to the Zacks Rank #1 (Strong Buy) List on January 20, 2025.
Positive
Zacks Investment Research
10 hours ago
Best Value Stocks to Buy for January 20th
PLBC, CMTG and NGD made it to the Zacks Rank #1 (Strong Buy) value stocks list on January 20, 2025.
Negative
Zacks Investment Research
1 week ago
Claros Mortgage Trust, Inc. (CMTG) Loses -37.88% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner
Claros Mortgage Trust, Inc. (CMTG) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
Neutral
Seeking Alpha
3 weeks 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
4 weeks 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 month 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
2 months 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
2 months 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
2 months 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
2 months 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.
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