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

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

Claros Mortgage Trust Stock Down 13.3%

NYSE:CMTG traded down $0.28 on Thursday, hitting $1.79. 1,898,367 shares of the company’s stock traded hands, compared to its average volume of 551,610. The company has a market cap of $251.69 million, a PE ratio of -0.54 and a beta of 1.13. Claros Mortgage Trust has a 1 year low of $1.76 and a 1 year high of $3.99. The company has a current ratio of 21.44, a quick ratio of 21.44 and a debt-to-equity ratio of 1.53. The firm has a 50-day moving average price of $2.36 and a 200-day moving average price of $2.47.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CMTG. Wall Street Zen upgraded Claros Mortgage Trust from a “sell” rating to a “hold” rating in a research report on Saturday, July 4th. UBS Group began coverage on shares of Claros Mortgage Trust in a research note on Thursday, July 16th. They set a “neutral” rating and a $2.75 price objective for the company. 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. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Claros Mortgage Trust from $2.50 to $2.25 and set an “underperform” rating on the stock in a research report on Wednesday, May 13th. One analyst has rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Strong Sell” and a consensus target price of $2.50.

Institutional Trading of Claros Mortgage Trust

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

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.