Keefe Bruyette initiated coverage on Claros Mortgage Trust with a new price target
$CMTG
Real Estate
Finance
Keefe Bruyette initiated coverage of Claros Mortgage Trust with a rating of Mkt Perform and set a new price target of $18.00
Save time and jump to the most important pieces.
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 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 | |
| 12/15/2022 | $16.00 | Mkt Perform → Underperform | Keefe Bruyette |
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)
10-Q - Claros Mortgage Trust, Inc. (0001666291) (Filer)
8-K - Claros Mortgage Trust, Inc. (0001666291) (Filer)
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 reported its financial results for the quarter ended June 30, 2024. The Company's second quarter 2024 GAAP net loss was ($11.6 million), or ($0.09) per diluted share. Distributable Earnings (a non-GAAP financial measure defined below) was $28.9 million, or $0.20 per diluted share. Distributable Earnings prior to realized losses was $30.4 million, or $0.21 per diluted share. Second Quarter 2024 Highlights $6.8 billion held-for-investment loan portfolio with a weighted average all-in yield of 9.0%. Funded approximately $143 million of follow-on fundings related to the existing loan portfolio. Received loan repay
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
UBS resumed coverage of Claros Mortgage Trust with a rating of Neutral and set a new price target of $11.50
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)
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 reported its financial results for the quarter ended June 30, 2024. The Company's second quarter 2024 GAAP net loss was ($11.6 million), or ($0.09) per diluted share. Distributable Earnings (a non-GAAP financial measure defined below) was $28.9 million, or $0.20 per diluted share. Distributable Earnings prior to realized losses was $30.4 million, or $0.21 per diluted share. Second Quarter 2024 Highlights $6.8 billion held-for-investment loan portfolio with a weighted average all-in yield of 9.0%. Funded approximately $143 million of follow-on fundings related to the existing loan portfolio. Received loan repay
4 - Claros Mortgage Trust, Inc. (0001666291) (Issuer)
4 - Claros Mortgage Trust, Inc. (0001666291) (Issuer)
4 - Claros Mortgage Trust, Inc. (0001666291) (Issuer)
BTIG analyst Sarah Barcomb assumes Claros Mortgage Trust (NYSE:CMTG) with a Neutral rating.
JP Morgan analyst Richard Shane maintains Claros Mortgage Trust (NYSE:CMTG) with a Neutral and raises the price target from $8.5 to $9.
Claros Mortgage Trust (NYSE:CMTG) has been analyzed by 4 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 0 3 1 0 Last 30D 0 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 1 0 0 3M Ago 0 0 2 1 0 In the assessment of 12-month price targets, analysts unveil insights for Claros Mortgage Trust, presenting an average target of $9.5, a high estimate of $10.00, and a low estimate of $9.00. Highl
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