Wells Fargo downgraded Claros Mortgage Trust from Equal Weight to Underweight and set a new price target of $8.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/10/2025 | $6.00 | Neutral → Buy | UBS |
| 9/20/2024 | $8.00 | Equal Weight → Underweight | Wells Fargo |
| 7/19/2024 | Neutral | BTIG Research | |
| 12/6/2023 | $11.50 | Neutral | UBS |
| 8/3/2023 | $13.00 → $11.00 | Overweight → Equal Weight | Wells Fargo |
| 7/24/2023 | $11.50 → $12.00 | Underweight → Neutral | JP Morgan |
| 4/25/2023 | Neutral | BTIG Research | |
| 2/21/2023 | Mkt Outperform → Mkt Perform | JMP Securities |
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 its REIT taxable income distribution requirements for the 2024 calendar year, the Board of Directors suspended the quarterly dividend to preserve capital and create added financial flexibility for capital allocation decisions
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 portfolio with a weighted average all-in yield of 8.4%. Received loan repayments of $374 million, including the full repayment of four loans with $354 million of unpaid principal balance. Funded $86 million on existing loan
Claros Mortgage Trust, Inc. (NYSE:CMTG) (the "Company" or "CMTG") today announced that it will release its third quarter 2024 financial results after the closing of trading on the New York Stock Exchange on Thursday, November 7, 2024. A conference call to discuss CMTG's financial results will be held on Friday, November 8, 2024, at 10:00 a.m. ET. The conference call may be accessed by dialing 1-833-470-1428 and referencing the Claros Mortgage Trust, Inc. teleconference call; access code 426287. The conference call will also be broadcast live over the internet and may be accessed through the Investor Relations section of CMTG's website at www.clarosmortgage.com. An earnings presentation ac
4 - Claros Mortgage Trust, Inc. (0001666291) (Issuer)
4 - Claros Mortgage Trust, Inc. (0001666291) (Issuer)
4 - Claros Mortgage Trust, Inc. (0001666291) (Issuer)
8-K - Claros Mortgage Trust, Inc. (0001666291) (Filer)
8-K - Claros Mortgage Trust, Inc. (0001666291) (Filer)
10-Q - Claros Mortgage Trust, Inc. (0001666291) (Filer)
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 its REIT taxable income distribution requirements for the 2024 calendar year, the Board of Directors suspended the quarterly dividend to preserve capital and create added financial flexibility for capital allocation decisions
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 portfolio with a weighted average all-in yield of 8.4%. Received loan repayments of $374 million, including the full repayment of four loans with $354 million of unpaid principal balance. Funded $86 million on existing loan
Claros Mortgage Trust, Inc. (NYSE:CMTG) (the "Company" or "CMTG") today announced that it will release its third quarter 2024 financial results after the closing of trading on the New York Stock Exchange on Thursday, November 7, 2024. A conference call to discuss CMTG's financial results will be held on Friday, November 8, 2024, at 10:00 a.m. ET. The conference call may be accessed by dialing 1-833-470-1428 and referencing the Claros Mortgage Trust, Inc. teleconference call; access code 426287. The conference call will also be broadcast live over the internet and may be accessed through the Investor Relations section of CMTG's website at www.clarosmortgage.com. An earnings presentation ac
Claros Mortgage Trust, Inc. (NYSE:CMTG) (the "Company" or "CMTG") today announced the appointment of Jai Agarwal as its Chief Financial Officer. Mr. Agarwal will succeed J. Michael McGillis, who will continue in his role as President of CMTG. This appointment will be effective following the filing of the Company's Annual Report on Form 10-K for the 2021 fiscal year, which currently is estimated to occur around March 15, 2022. "Jai brings over two decades of industry experience and relationships in the commercial real estate sector to CMTG," said Richard Mack, Chairman and Chief Executive Officer of CMTG. "Jai's business acumen and financial markets expertise is widely recognized across the
SC 13G/A - Claros Mortgage Trust, Inc. (0001666291) (Subject)
SC 13G - Claros Mortgage Trust, Inc. (0001666291) (Subject)
SC 13G/A - Claros Mortgage Trust, Inc. (0001666291) (Subject)
4 - Claros Mortgage Trust, Inc. (0001666291) (Issuer)
4 - Claros Mortgage Trust, Inc. (0001666291) (Issuer)
4 - Claros Mortgage Trust, Inc. (0001666291) (Issuer)
UBS upgraded Claros Mortgage Trust from Neutral to Buy and set a new price target of $6.00
Wells Fargo downgraded Claros Mortgage Trust from Equal Weight to Underweight and set a new price target of $8.00
BTIG Research resumed coverage of Claros Mortgage Trust with a rating of Neutral