CMTG Is Its Stock Price A Worthy Investment? Learn More

The up/down ratio is calculated by dividing the value of uptick trades by the value of downtick trades. Net money flow is the value of uptick trades minus the value of downtick trades. Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world’s media organizations, industry events and directly to consumers. New York Mortgage Trust witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn’t suggest further strength down the road.

The company focuses on originating senior and subordinate loans on transitional commercial real estate assets in the United States. Claros Mortgage Trust, Inc. was incorporated in 2015 and is headquartered in New York, New York. 6 Wall Street analysts have issued 1-year price targets for Claros Mortgage Trust’s shares. On average, they expect the company’s stock price to reach $16.00 in the next year. This suggests a possible upside of 33.8% from the stock’s current price. View analysts price targets for CMTG or view top-rated stocks among Wall Street analysts.

But even if consumers’ buying habits hold steady, restaurants’ same-store sales growth won’t look as impressive for the rest of the year as the comparable numbers from a year ago become harder to top. As restaurants prepare to present their first-quarter earnings, investors are anticipating strong results. Looking to the rest of the year, Chipotle is anticipating same-store sales growth in the mid-to-high single digits.

Stock , CMTG

Of note is the ratio of CLAROS MORTGAGE TRUST INC’s sales and general administrative expense to its total operating expenses; merely 10.45% of US stocks have a lower such ratio. Claros Mortgage Trust’s stock was trading at $14.71 at the beginning of the year. Since then, CMTG stock has decreased by 18.7% and is now trading at $11.96. Kevin McCarthy, portfolio manager of Neuberger Berman’s Next Generation Connected Consumer ETF, acknowledged that his outlook on restaurants is more negative than it has been for awhile. He said McDonald’s and Chipotle were two names that can play offense and gain market share, in spite of the tough environment.

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• However, deposits for the first quarter totaled about $28.2 billion, down from $33.9 billion from the fourth quarter of 2022.
• “We believe investors should take note of the step change in restaurant margins, which we believe is still in the early innings,” Saleh said.
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The company was incorporated in 2015 and is based in New York, New York. Claros Mortgage Trust, Inc. focuses primarily on originating senior and subordinate loans on transitional commercial real estate assets located in the United States markets. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Claros Mortgage Trust, Inc. was incorporated in 2015 and is based in New York, New York.

Kimberly-Clark upped its guidance for 2022, but don’t count your chickens before they’ve hatched. Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.

Claros Mortgage Trust, Inc. is a commercial real estate finance company that focuses on originating senior and subordinate loans on transitional CRE assets located in U. The transitional CRE assets are properties that require repositioning, renovation, rehabilitation, leasing, development or redevelopment or other value-added elements in order to maximize value. Its objective is to provide debt capital for transitional CRE assets and, in doing so, to generate risk-adjusted returns for its stockholders over time, primarily through dividends.

CMTG Overview

According to analysts’ consensus price target of $16.00, Claros Mortgage Trust has a forecasted upside of 33.8% from its current price of $11.96. Even strong first-quarter results could weigh on restaurant stocks as a result, especially if executives stick to their conservative forecasts or strike a vague tone on conference calls with analysts. And Yum are all trading at more than 30 times their price-to-earnings ratio, according to Factset data.

It’s still early in the earnings season, but Wall Street thinks burrito chain Chipotle is the biggest winner. The company surpassed consensus estimates on both adjusted earnings per share and revenue Tuesday , reporting $10.50 and $2.37 billion, respectively. Chipotle also told investors that traffic to its restaurants climbed throughout the quarter — even though menu items are up about 10%. The stock rallied 14% Wednesday, and several analysts hiked their estimates on where shares could go moving forward.

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Claros Mortgage Trust, Inc. (CMTG): Price and Financial Metrics

The https://1investing.in/ opened 41 new locations during the quarter, 34 of which included its drive-thru lanes reserved for digital order pickup. Revenue climbed 17.2%, to $2.37 billion, from $2 billion during the year-earlier period. Same-store sales rose 10.9%, topping StreetAccount estimates of 8.6%. “We don’t want to be in front of the inflationary environment, but we also don’t want to fall behind,” he said on the company’s conference call. Delivery is slowing as consumers seek savings and return to in-person dining, according to Chipotle Mexican Grill Inc. and Domino’s Pizza Inc. CEO Brian Niccol said, “Our strong performance in the first quarter confirms that our focus on getting back to the basics and reestablishing Chipotle’s standards of excellence is beginning to drive results.”

At Domino’s, carryout was “strong” but “the delivery business remains more pressured,” Chief Financial Officer Sandeep Reddy said on a call with analysts. — Shares sank 3.55% despite a beat on earnings and revenue for the first quarter. However, its aerospace segment saw a decline in revenue thanks to fewer aircraft deliveries. CEO Phebe Novakovic also said the company will incur some period costs as it builds a “considerable” number of Gulfstream G700s to be delivered in the third and fourth quarters.

How big is Claros Mortgage Trust Inc?

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• Digital sales represented 39% of revenue, showing they remain a substantial part of the business.
• If you’re looking for stocks that are quantitatively similar to CLAROS MORTGAGE TRUST INC, a group of peers worth examining would be ACRE, TWO, CIM, VEL, and MITT.
• As an investor, you want to buy stocks with the highest probability of success.
• Insiders that own company stock include Jeffrey D Siegel, Steven Leonard Richman and W Edward Walter.

Overall operating margin improved from 9.4% to 15.5%, and earnings per share jumped 84% to $10.50, easily beating the consensus at $8.92. Restaurant-level operating margin rose from 20.7% to 25.6% thanks to price increases, improving leverage from higher sales, lower delivery costs, and lower avocado prices. Chipotle stock is soaring after the company delivered another quarter of excellent performance. The Company is a providers of processing services to financial institutions, with the market positions in core processing, card issuing services, check risk management, mortgage processing, and … Provide specific products and services to you, such as portfolio management or data aggregation. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams.

But those results faced easy comparisons to weak sales a year earlier, when Covid omicron outbreaks caused staffing shortages and forced more consumers to stay home. Chipotle reported first-quarter net income of $291.6 million, or $10.50 per share, up from $158.3 million, or $5.59 per share, a year earlier. The company’s menu price hikes and lower avocado prices helped improve profit margins compared with the year-ago period. Chipotle shares jumped after the company’s earnings and revenue topped Wall Street’s estimates. According to 5 analysts, the average rating for CMTG stock is “Hold.” The 12-month stock price forecast is $16.0, which is an increase of 33.78% from the latest price. Claros Mortgage Trust’s stock is owned by a variety of institutional and retail investors.

Data may be intentionally delayed pursuant to supplier requirements. There may be delays, omissions, or inaccuracies in the Information. The Zacks Industry Rank assigns a rating to each of the 265 X Industries based on their average Zacks Rank. The scores are based on the trading styles of Value, Growth, and Momentum.

Growth is the dimension where CMTG ranks best; there it ranks ahead of 73.8% of US stocks. Upgrade to MarketBeat All Access to add more stocks to your watchlist. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. The dividend payout ratio of Claros Mortgage Trust is 187.34%. Payout ratios above 75% are not desirable because they may not be sustainable.

Claros Mortgage Trust downgraded to neutral from overweight at J.P. Morgan

ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. Claros Mortgage Trust, Inc. delivered earnings and revenue surprises of -8.33% and 1.68%, respectively, for the quarter ended September 2022. Claros Mortgage Trust, Inc. delivered earnings and revenue surprises of -7.32% and 5.76%, respectively, for the quarter ended December 2022.

Claros Mortgage Trust has received a consensus rating of Hold. The company’s average rating score is 1.83, and is based on 1 buy rating, 3 hold ratings, and 2 sell ratings. While inflation accelerated over the past year, investors worried about consumers’ willingness to spend at restaurants. Some segments, like fast food and coffee shops, usually fare better during tough economic times, because of their relatively cheap prices and perception of being an affordable luxury. The burrito chain said delivery sales declined in the first quarter from the prior year.

However, deposits for the first carshop totaled about $28.2 billion, down from $33.9 billion from the fourth quarter of 2022. The key measure of same-store sales rose 10.9% in the period, Chipotle said Tuesday. Analysts had projected an 8.5% increase, according to estimates compiled by Bloomberg. The burrito chain sees the measure growing in the mid to high single digits in the second quarter and for the full year, versus the average estimate of 6.1% for 2023.

There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Claros Mortgage Trust, Inc. reported Q1 EPS of $0.24, $0.10 worse than the analyst estimate of $0.34. Claros Mortgage Trust, Inc. reported Q2 EPS of $0.51, $0.06 better than the analyst estimate of $0.45. Claros Mortgage Trust, Inc. reported Q3 EPS of $0.33, $0.01 worse than the analyst estimate of $0.34.