Mortgage

Analysts Expect Claros Mortgage Trust Inc (NYSE:CMTG) Will Announce Earnings of $0.30 Per Share

Claros Mortgage Trust logo
Written by Publishing Team

Wall Street analysts expect Claros Mortgage Trust Inc (NYSE:CMTG) to report earnings of $0.30 per share for the current fiscal quarter, according to Zacks. Analysts have issued zero earnings estimates for Claros Mortgage Trust. The company is expected to release its next quarterly earnings report on Monday, March 14th.

According to Zacks, analysts expect Claros Mortgage Trust to report full-year earnings of $1.25 per share for the current fiscal year. For the upcoming fiscal year, analysts expect the company to generate earnings of $1.62 per share. Zacks Investment Research’s EPS calculations are an average weighted average based on a survey of research analysts covering Claros Mortgage Trust.

Claros Mortgage Trust (NYSE: CMTG) released its quarterly earnings results on Monday, December 13th. The company reported $0.34 earnings per share for the quarter, hitting analyst estimates of $0.34. The company generated $64.36 million in revenue for the quarter.

A number of stock research analysts recently commented on the stock. UBS Group covered shares of Claros Mortgage Trust in a report released on Monday, November 29th. They set a “neutral” rating and a $17.50 target price for the company. JPMorgan Chase & Co assumed coverage of shares of Claros Mortgage Trust in a report released on Monday, November 29th. They set an “overweight” rating and a $20.00 target price for the company. JMP Securities began covering shares of Claros Mortgage Trust in a report released on Monday, November 29th. They set a “Superior” rating and a $19.00 target price for the company. Finally, Keefe and Bruyette & Woods began covering shares of Claros Mortgage Trust in a report released on Monday, November 29. They issued a “market performance” rating and a $18.00 target price for the company.

(ad)

Whether you are looking to learn the basics of futures contracts or you are an experienced vet looking to hone your trading skills, our technical analysis guide contains everything you need to succeed in today’s futures markets!

NYSE CMTG shares opened at $16.96 on Friday. Claros Mortgage Trust recorded a 12-month low of $14.96 and a 12-month high of $18.59. The 50-day moving average business price is $16.82.

The company also recently announced an annual dividend, which will be paid on Saturday, January 15th. Investors of record on Friday, December 31 will release a dividend of $0.37. The due date is Thursday, December 30th. This represents a return of 2.39%.

About Claros Mortgage Fund

Claros Mortgage Trust Inc. is a real estate investment trust focused primarily on creating principal and subsidiary loans on transitional commercial real estate assets. Claros Mortgage Trust is based in New York.

Recommended story: Forex

Get a Free Copy of Zacks Research Report on the Claros Mortgage Trust (CMTG)

For more information on Zacks Investment Research’s research offerings, visit Zacks.com

This instant news alert was created by narrative science technology and MarketBeat financial data to provide readers with the fastest and most accurate reporting. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $1,000 in Claros Mortgage Trust now?

Before you even consider the Claros Mortgage Trust, you’ll want to hear this.

MarketBeat tracks the top-rated and best performing research analysts on Wall Street and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market gains… Claros Mortgage Trust wasn’t on the list.

While Claros Mortgage Trust currently holds a “buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View stock 5 here

.

About the author

Publishing Team

Leave a Comment