Claros Mortgage Trust Inc (NYSE: CMTG) closed the day trading at $8.50 down -10.62% from the previous closing price of $9.51. In other words, the price has decreased by -$1.01 from its previous closing price. On the day, 599283 shares were traded.
Ratios:
For a better understanding of CMTG, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.49 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.81. In the meantime, Its Debt-to-Equity ratio is 2.47 whereas as Long-Term Debt/Eq ratio is at 1.53.
On August 03, 2023, Wells Fargo Downgraded its rating to Equal Weight which previously was Overweight and also lowered its target price recommendation from $13 to $11.
JP Morgan Upgraded its Underweight to Neutral on July 24, 2023, whereas the target price for the stock was revised from $11.50 to $12.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CMTG now has a Market Capitalization of 1.18B. As of this moment, Claros’s Price-to-Earnings (P/E) ratio for their current fiscal year is 190.16, and their Forward P/E ratio for the next fiscal year is 9.32. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.77 while its Price-to-Book (P/B) ratio in mrq is 0.51.
Stock Price History:
Over the past 52 weeks, CMTG has reached a high of $15.25, while it has fallen to a 52-week low of $9.06. The 50-Day Moving Average of the stock is 9.87, while the 200-Day Moving Average is calculated to be 11.29.
Shares Statistics:
Over the past 3-months, CMTG traded about 288.23K shares per day on average, while over the past 10 days, CMTG traded about 223.23k shares per day. A total of 138.75M shares are outstanding, with a floating share count of 127.54M. Insiders hold about 8.07% of the company’s shares, while institutions hold 94.67% stake in the company. Shares short for CMTG as of Mar 15, 2024 were 3.85M with a Short Ratio of 18.62, compared to 3.49M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.78% and a Short% of Float of 4.89%.
Dividends & Splits
CMTG’s forward annual dividend rate is 1.12, up from 1.24 a year ago. Against a Trailing Annual Dividend Yield of 13.04%, it implies a Forward Annual Dividend Yield of 10.60%.
Earnings Estimates
Current recommendations for the stock of the company come from 5 analysts. On average, analysts expect EPS of $0.2 for the current quarter, with a high estimate of $0.25 and a low estimate of $0.16, while EPS last year was $0.29. The consensus estimate for the next quarter is $0.21, with high estimates of $0.25 and low estimates of $0.13.
Analysts are recommending an EPS of between $1 and $0.61 for the fiscal current year, implying an average EPS of $0.84. EPS for the following year is $0.96, with 3 analysts recommending between $1.04 and $0.83.
Revenue Estimates
1 analysts predict $75.51M in revenue for the current quarter. It ranges from a high estimate of $75.51M to a low estimate of $75.51M. As of the current estimate, Claros Mortgage Trust Inc’s year-ago sales were $79.76M, an estimated decrease of -5.30% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $72.87M, an increase of 2.00% over than the figure of -$5.30% in the same quarter last year. There is a high estimate of $72.87M for the next quarter, whereas the lowest estimate is $72.87M.
A total of 3 analysts have provided revenue estimates for CMTG’s current fiscal year. The highest revenue estimate was $291.52M, while the lowest revenue estimate was $269M, resulting in an average revenue estimate of $277.51M. In the same quarter a year ago, actual revenue was $306.55M, down -9.50% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $276.24M in the next fiscal year. The high estimate is $277M and the low estimate is $275.49M. The average revenue growth estimate for next year is down -0.50% from the average revenue estimate for this year.
