https://seekingalpha.com/article/4746890-claros-mortgage-trust-dividend-suspension-will-benefit-company-in-long-term [Seeking Alpha]
Claros Mortgage Trust, Inc. (CMTG)
Company Research
Source: Seeking Alpha
Suspending the dividend was a difficult and necessary step, but should allow the company more flexibility to optimize its balance going forward. CMTG stock is trading near all-time lows and with a price-to-book ratio of only 0.29, substantially less than peers BXMT and KREF. Despite challenges, Chairman and CEO Richard Mack, as well as other insiders continue to purchase CMTG shares, projecting long-term confidence in the stock and business plan. For contrarian investors, we believe CMTG stock offers a unique opportunity to access the real estate market by investing in a scaled commercial real estate lending platform. Noah Sauve/iStock Editorial via Getty Images Earlier this month, Claros Mortgage Trust ( NYSE: CMTG suspended its dividend , highlighting the need to preserve liquidity in light of challenging market conditions. CMTG, which went public as one of the largest This article was written by Analyst's Disclosure: I/we have a beneficial long position in the shares
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CMTG
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