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Friday, June 9, 2023

Investors’ Patience Is Being Tested Right Now By Claros Mortgage Trust Inc. (NYSE: CMTG)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Claros Mortgage Trust Inc. (CMTG) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.01, or 0.10%, to $10.32. The Claros Mortgage Trust Inc. has recorded 7,072 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Claros Mortgage Trust, Inc. Reports First Quarter 2023 Results.

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Stocks Info

Claros Mortgage Trust Inc. is listed on the NYSE as a member of the Real Estate sector and is a part of the REIT – Mortgage industry. At the end of the last regular session, the stock closed at $10.31 and fluctuated between $10.51 as its day high and $10.08 as its day low. The current market capitalization of Claros Mortgage Trust Inc. is $1.39B. A total of 0.57 million shares were traded on the day, compared to an average of 285.35K shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, CMTG has seen 5 BUY and 0 SELL insider trades, representing the acquisition of 606,787 and the disposition of 0 shares. Over the last 12 months, there were 17 BUYs and 0 SELLs from insiders. Insiders purchased 1,944,605 shares during that period but sold 0.

In the most recent transaction, Richman Steven Leonard bought 1,000 shares of CMTG for 14.73 per share on Sep 21. After the transaction, the Director now owns 13,500 company shares. In a previous transaction on Aug 17, WALTER W EDWARD bought 20,215 shares at 18.54 per share. CMTG shares that Director owns now total 32,715.

Among the insiders who bought shares, WALTER W EDWARD acquired of 6,760 shares on Aug 17 at a per-share price of $18.55. This resulted in the Director holding 6,760 shares of CMTG after the transaction. In another insider transaction, Siegel Jeffrey D bought 215 shares at $17.23 per share on Jul 15. Company shares held by the See Remarks now total 100,780.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Claros Mortgage Trust Inc. pays an annual dividend of $1.48, resulting in a dividend yield of 14.35%, and it has a price to earnings (P/E) ratio of 12.42. CMTG’s most recent ex-dividend date was 3/30/2023 when it declared a $0.37 quarterly dividend that was paid in cash on 4/14/2023. Previously, the company paid the dividend on 1/13/2023 with an ex-dividend date of 12/29/2022. The CMTG stock dividend was $0.37 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for CMTG in the last 3 months, the mean price target is $12.00 with high estimates of $13.00 and low estimates of $11.00. In terms of 52-week highs and lows, CMTG has a high of $21.09 and a low of $10.20.

As of this writing, CMTG has an earnings estimate of $0.35 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $0.41 per share and a lower estimate of $0.3.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. Its Book Value Per Share was $17.66, while its Total Shareholder’s Equity was $2.60B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CMTG is Buy with a score of 2.40.

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