Claros Mortgage Trust, Inc. focuses primarily on originating senior and subordinate loans on transitional commercial real estate assets located in the United States markets. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Claros Mortgage Trust, Inc. was incorporated in 2015 and is based in New York, New York.
IPO Year: 2021
Exchange: NYSE
Website: clarosmortgage.com
| 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 |
| 9/6/2022 | $19.00 → $17.00 | Neutral → Underweight | JP Morgan |
| 4/25/2022 | $18.00 → $19.00 | Overweight → Neutral | JP Morgan |
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
Claros Mortgage Trust, Inc. (NYSE:CMTG) (the "Company" or "CMTG") today announced that it will release its second quarter 2024 financial results after the closing of trading on the New York Stock Exchange on Monday, August 5, 2024. A conference call to discuss CMTG's financial results will be held on Tuesday, August 6, 2024, at 9:00 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 172243. 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 accom
Claros Mortgage Trust, Inc. (NYSE:CMTG) ("the Company" or "CMTG") declared a dividend of $0.25 per share of common stock for the second quarter of 2024. The dividend is payable on July 15, 2024 to stockholders of record as of the close of business on June 28, 2024. About Claros Mortgage Trust, Inc. CMTG is a real estate investment trust that is focused primarily on originating senior and subordinate loans on transitional commercial real estate assets located in major markets across the U.S. CMTG is externally managed and advised by Claros REIT Management LP, an affiliate of Mack Real Estate Credit Strategies, L.P. Additional information can be found on the Company's website at www.claro
Claros Mortgage Trust, Inc. (NYSE:CMTG) (the "Company" or "CMTG") today reported its financial results for the quarter ended March 31, 2024. The Company's first quarter 2024 GAAP net loss was ($52.8 million), or ($0.39) per diluted share. Distributable Loss (a non-GAAP financial measure defined below) was ($16.8 million), or ($0.12) per diluted share. Distributable Earnings prior to realized losses was $27.7 million, or $0.20 per diluted share. First Quarter 2024 Highlights $6.7 billion loan portfolio with a weighted average all-in yield of 9.1%. Funded approximately $143 million of follow-on fundings related to the existing loan portfolio. Received loan repayment proceeds of $14
Claros Mortgage Trust, Inc. (NYSE:CMTG) (the "Company" or "CMTG") today announced that it will release its first quarter 2024 financial results after the closing of trading on the New York Stock Exchange on Monday, May 6, 2024. A conference call to discuss CMTG's financial results will be held on Tuesday, May 7, 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 186136. 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 accompanyin
Claros Mortgage Trust, Inc. (NYSE:CMTG) ("the Company" or "CMTG") declared a dividend of $0.25 per share of common stock for the first quarter of 2024. The dividend is payable on April 15, 2024 to stockholders of record as of the close of business on March 29, 2024. About Claros Mortgage Trust, Inc. CMTG is a real estate investment trust that is focused primarily on originating senior and subordinate loans on transitional commercial real estate assets located in major markets across the U.S. CMTG is externally managed and advised by Claros REIT Management LP, an affiliate of Mack Real Estate Credit Strategies, L.P. Additional information can be found on the Company's website at www.clar
Claros Mortgage Trust, Inc. (NYSE:CMTG) (the "Company" or "CMTG") today reported its financial results for the quarter and year ended December 31, 2023. The Company reported GAAP net income of $34.0 million and $6.0 million, or $0.24 and $0.02 per diluted share of common stock, for the quarter and year ended December 31, 2023, respectively. Distributable Earnings (a non-GAAP financial measure defined below) were $36.9 million and $39.9 million, or $0.26 and $0.28 per diluted share, for the quarter and year ended December 31, 2023, respectively. Distributable Earnings prior to realized gains and principal charge-offs were $44.4 million and $184.5 million, or $0.31 and $1.31 per diluted share
Claros Mortgage Trust, Inc. (NYSE:CMTG) (the "Company" or "CMTG") today announced that it will release its fourth quarter and full-year fiscal 2023 financial results after the closing of trading on the New York Stock Exchange on Tuesday, February 20, 2024. A conference call to discuss CMTG's financial results will be held on Wednesday, February 21, 2024, at 11:00 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 451993. 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.
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
Claros Mortgage Trust, Inc. (NYSE:CMTG) (the "Company" or "CMTG") today announced that it will release its second quarter 2024 financial results after the closing of trading on the New York Stock Exchange on Monday, August 5, 2024. A conference call to discuss CMTG's financial results will be held on Tuesday, August 6, 2024, at 9:00 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 172243. 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 accom
Claros Mortgage Trust, Inc. (NYSE:CMTG) ("the Company" or "CMTG") declared a dividend of $0.25 per share of common stock for the second quarter of 2024. The dividend is payable on July 15, 2024 to stockholders of record as of the close of business on June 28, 2024. About Claros Mortgage Trust, Inc. CMTG is a real estate investment trust that is focused primarily on originating senior and subordinate loans on transitional commercial real estate assets located in major markets across the U.S. CMTG is externally managed and advised by Claros REIT Management LP, an affiliate of Mack Real Estate Credit Strategies, L.P. Additional information can be found on the Company's website at www.claro
Arizona State Land Department Awards Full Development Rights for Vast Site Adjacent to $65B+ TSMC Semiconductor Fabrication Campus McCourt Partners to Invest in Joint Venture with MREG for Anticipated $7B+ Development of Over 28 Million Square Feet of Mixed Uses Including Industrial, Residential, Retail, and Office An affiliate of Mack Real Estate Group (MREG), Biscuit Flats Dev LLC, has prevailed at an auction held to sell the development rights to over 2,300 acres of fully entitled land immediately adjacent to Taiwan Semiconductor Manufacturing Corporation's (TSMC) semiconductor fabrication campus in Phoenix's North Valley, where TSMC has committed to invest $65 billion in its rapidly
Claros Mortgage Trust, Inc. (NYSE:CMTG) (the "Company" or "CMTG") today announced that J. Michael McGillis, President and Chief Financial Officer, will present at Nareit's REITweek: 2024 Investor Conference on June 5, 2024, at 11:45 a.m. ET. A live audio webcast of the presentation may be accessed through the Events and Presentations section of CMTG's website at www.clarosmortgage.com/investor-relations/events-and-presentations. For those unable to listen to the live audio webcast, a replay will be available for 30 days on CMTG's website shortly after the event. About Claros Mortgage Trust, Inc. CMTG is a real estate investment trust that is focused primarily on originating senior and
Claros Mortgage Trust, Inc. (NYSE:CMTG) (the "Company" or "CMTG") today reported its financial results for the quarter ended March 31, 2024. The Company's first quarter 2024 GAAP net loss was ($52.8 million), or ($0.39) per diluted share. Distributable Loss (a non-GAAP financial measure defined below) was ($16.8 million), or ($0.12) per diluted share. Distributable Earnings prior to realized losses was $27.7 million, or $0.20 per diluted share. First Quarter 2024 Highlights $6.7 billion loan portfolio with a weighted average all-in yield of 9.1%. Funded approximately $143 million of follow-on fundings related to the existing loan portfolio. Received loan repayment proceeds of $14
Claros Mortgage Trust, Inc. (NYSE:CMTG) (the "Company" or "CMTG") today announced that it will release its first quarter 2024 financial results after the closing of trading on the New York Stock Exchange on Monday, May 6, 2024. A conference call to discuss CMTG's financial results will be held on Tuesday, May 7, 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 186136. 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 accompanyin
Claros Mortgage Trust, Inc. (NYSE:CMTG) (the "Company" or "CMTG") today announced that it will hold its 2024 Annual Meeting of Stockholders virtually on June 4, 2024, beginning at 1:00 p.m. ET. Stockholders can attend the virtual annual meeting via the internet at www.virtualshareholdermeeting.com/CMTG2024. Stockholders of record as of the close of business on April 9, 2024 will be eligible to vote their shares and submit questions electronically in advance of and during the virtual annual meeting by using the 16-digit control number provided to them in the notice of internet availability of proxy materials, on their individual proxy card, or on the voting instruction form accompanying th
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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
8-K - Claros Mortgage Trust, Inc. (0001666291) (Filer)
10-Q - Claros Mortgage Trust, Inc. (0001666291) (Filer)
8-K - Claros Mortgage Trust, Inc. (0001666291) (Filer)
8-K - Claros Mortgage Trust, Inc. (0001666291) (Filer)
8-K - Claros Mortgage Trust, Inc. (0001666291) (Filer)
10-Q - Claros Mortgage Trust, Inc. (0001666291) (Filer)
8-K - Claros Mortgage Trust, Inc. (0001666291) (Filer)
8-K - Claros Mortgage Trust, Inc. (0001666291) (Filer)
8-K - Claros Mortgage Trust, Inc. (0001666291) (Filer)
424B5 - Claros Mortgage Trust, Inc. (0001666291) (Filer)
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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
Wells Fargo downgraded Claros Mortgage Trust from Overweight to Equal Weight and set a new price target of $11.00 from $13.00 previously
JP Morgan upgraded Claros Mortgage Trust from Underweight to Neutral and set a new price target of $12.00 from $11.50 previously
BTIG Research initiated coverage of Claros Mortgage Trust with a rating of Neutral
JMP Securities downgraded Claros Mortgage Trust from Mkt Outperform to Mkt Perform
Keefe Bruyette downgraded Claros Mortgage Trust from Mkt Perform to Underperform and set a new price target of $16.00
JP Morgan downgraded Claros Mortgage Trust from Neutral to Underweight and set a new price target of $17.00 from $19.00 previously
JP Morgan downgraded Claros Mortgage Trust from Overweight to Neutral and set a new price target of $19.00 from $18.00 previously
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
JMP Securities analyst Steven Delaney reiterates Claros Mortgage Trust (NYSE:CMTG) with a Market Perform.
Shares of American Eagle Outfitters, Inc. (NYSE:AEO) fell during Thursday's session following first-quarter results. American Eagle Outfitters reported adjusted earnings of 17 cents per share and quarterly revenue of $1.143 billion, up from $1.08 billion from the same period last year, but below the analyst estimate of $1.15 billion, according to data from Benzinga Pro. American Eagle Outfitters sees second-quarter operating income in a range of $95 million to $100 million and fiscal-year 2024 operating income in a range of $445 million and $465 million. American Eagle Outfitters shares fell 4.5% to $22.98 on Thursday. Here are some other stocks moving in today’s mid-day session.
Wells Fargo analyst Donald Fandetti maintains Claros Mortgage Trust (NYSE:CMTG) with a Equal-Weight and lowers the price target from $11 to $9.
Claros Mortgage Trust (NYSE:CMTG) reported quarterly losses of $(0.12) per share which missed the analyst consensus estimate of $0.20 by 160 percent. This is a 141.38 percent decrease over earnings of $0.29 per share from the same period last year. The company reported quarterly sales of $58.825 million which missed the analyst consensus estimate of $75.530 million by 22.12 percent. This is a 14.87 percent decrease over sales of $69.102 million the same period last year.
4 analysts have shared their evaluations of Claros Mortgage Trust (NYSE:CMTG) during the recent three months, expressing a mix of bullish and bearish perspectives. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 0 2 2 0 Last 30D 0 0 1 1 0 1M Ago 0 0 1 0 0 2M Ago 0 0 0 1 0 3M Ago 0 0 0 0 0 In the assessment of 12-month price targets, analysts unveil insights for Claros Mortgage Trust, presenting an average target of $9.69, a high estimate of $10.00, and a low estimate of $9.50. A neg
Keefe, Bruyette & Woods analyst Jade Rahmani maintains Claros Mortgage Trust (NYSE:CMTG) with a Underperform and lowers the price target from $9.75 to $9.5.
JP Morgan analyst Richard Shane maintains Claros Mortgage Trust (NYSE:CMTG) with a Neutral and lowers the price target from $11 to $9.5.