Claros Mortgage Trust: A Commercial Lender Focusing On Transitional Assets [Seeking Alpha]
Claros Mortgage Trust, Inc. (CMTG)
Company Research
Source: Seeking Alpha
Play 14min Summary Claros Mortgage Trust focuses on originating senior and mezzanine loans for transitional commercial real estate assets, primarily in large markets like California and New York. CMTG's portfolio includes multifamily, hospitality, and mixed-use assets, with loans typically ranging from $50 to $300 million, and a 98% floating rate portfolio. The REIT faces significant execution risk due to its focus on underperforming transitional assets and an external management fee structure that may not always align with shareholder interests. Rising interest rates and high-risk loan ratings have led to poor performance and dividend cuts, earning CMTG a Hold rating amidst challenging market conditions. shaunl/E+ via Getty Images Who Is Claros Mortgage Trust? Claros Mortgage Trust ( NYSE: CMTG ) is a real estate finance company that originates senior and subordinate loans on “transitional” commercial real estate assets. CMTG loans across the United States but focu
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News
- Claros Mortgage Trust, Inc. Pauses Common Stock DividendBusiness Wire
- Claros Mortgage Trust Insiders Added US$1.67m Of Stock To Their Holdings [Yahoo! Finance]Yahoo! Finance
- Claros Mortgage Trust, Inc. (NYSE: CMTG) had its price target lowered by analysts at UBS Group AG from $8.50 to $8.00. They now have a "neutral" rating on the stock.MarketBeat
- Claros Mortgage Trust, Inc. (NYSE: CMTG) had its price target raised by analysts at Keefe, Bruyette & Woods from $6.75 to $7.25. They now have an "underperform" rating on the stock.MarketBeat
- Claros Mortgage Trust Inc (CMTG) Q3 2024 Earnings Call Highlights: Navigating Challenges with ... [Yahoo! Finance]Yahoo! Finance
CMTG
Earnings
- 11/7/24 - Miss
CMTG
Sec Filings
- 12/4/24 - Form 8-K
- 11/7/24 - Form 8-K
- 11/7/24 - Form 10-Q
- CMTG's page on the SEC website