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Claros Mortgage Trust, Inc. (NYSE:CMTG – Get Rating) announced a quarterly dividend on Friday, June 17th, Wall Street Journal reports. Stockholders of record on Thursday, June 30th will be paid a dividend of 0.37 per share on Friday, July 15th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 7.71%. The ex-dividend date is Wednesday, June 29th.
Shares of NYSE CMTG traded up $0.52 during midday trading on Friday, reaching $19.20. 1,542,556 shares of the stock were exchanged, compared to its average volume of 173,235. The company has a 50 day simple moving average of $19.10 and a 200 day simple moving average of $17.88. Claros Mortgage Trust has a twelve month low of $14.96 and a twelve month high of $21.09.
Claros Mortgage Trust (NYSE:CMTG – Get Rating) last posted its earnings results on Tuesday, May 10th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.07). The company had revenue of $57.93 million for the quarter. As a group, research analysts expect that Claros Mortgage Trust will post 1.53 EPS for the current year.
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Hedge funds and other institutional investors have recently bought and sold shares of the business. Millennium Management LLC acquired a new position in Claros Mortgage Trust in the fourth quarter valued at $8,064,000. Goldman Sachs Group Inc. acquired a new position in Claros Mortgage Trust in the fourth quarter valued at $4,856,000. Norges Bank acquired a new position in Claros Mortgage Trust in the fourth quarter valued at $1,163,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Claros Mortgage Trust during the first quarter worth about $251,000. Finally, Bank of America Corp DE acquired a new position in shares of Claros Mortgage Trust during the first quarter worth about $137,000. Institutional investors own 54.78% of the company’s stock.
CMTG has been the subject of several research reports. UBS Group boosted their price target on shares of Claros Mortgage Trust to $19.00 and gave the stock a “na” rating in a research note on Tuesday, May 17th. Wells Fargo & Company dropped their price target on shares of Claros Mortgage Trust to $22.00 and set an “overweight” rating for the company in a research note on Wednesday, May 18th. Finally, JPMorgan Chase & Co. downgraded shares of Claros Mortgage Trust from an “overweight” rating to a “neutral” rating and boosted their price target for the stock from $18.00 to $19.00 in a research note on Monday, April 25th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $19.40.
Claros Mortgage Trust Company Profile (Get Rating)
Claros Mortgage Trust, Inc is a real estate investment trust that focuses primarily on originating senior and subordinate loans on transitional commercial real estate assets located in principal markets across the United States. The company is qualified as a real estate investment trust (REIT) under the Internal Revenue Code.
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