Claros Mortgage Trust (NYSE:CMTG) Posts Earnings Results, Beats Expectations By $0.03 EPS

Claros Mortgage Trust (NYSE:CMTG) released its quarterly earnings data on Wednesday. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.03, Zacks reports. Claros Mortgage Trust had a positive return on equity of 5.60% and a negative net margin of 32.75%.

Claros Mortgage Trust Price Performance

NYSE CMTG opened at $2.90 on Thursday. The company has a current ratio of 20.68, a quick ratio of 20.68 and a debt-to-equity ratio of 2.11. Claros Mortgage Trust has a 1 year low of $2.84 and a 1 year high of $10.15. The company has a fifty day simple moving average of $3.91 and a 200 day simple moving average of $6.06. The company has a market cap of $404.56 million, a P/E ratio of -4.61 and a beta of 1.57.

Analysts Set New Price Targets

Several brokerages have commented on CMTG. UBS Group upgraded shares of Claros Mortgage Trust from a “neutral” rating to a “buy” rating and dropped their price target for the company from $8.00 to $6.00 in a research note on Friday, January 10th. Keefe, Bruyette & Woods dropped their price target on shares of Claros Mortgage Trust from $6.50 to $4.00 and set an “underperform” rating on the stock in a research report on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $6.13.

About Claros Mortgage Trust

Claros Mortgage Trust, Inc operates as a real estate investment trust. It focuses on originating senior and subordinate loans on transitional commercial real estate assets in the United States. The company has elected to be taxed as a real estate investment trust. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders.