An investigation on behalf of investors in Claros Mortgage Trust, Inc. (NYSE:CMTG) shares over potential wrongdoing at Claros Mortgage Trust, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 06/02/2023 -- Certain directors of Claros Mortgage Trust, Inc. are under investigation over potential breaches of fiduciary duties.
Investors who purchased shares of Claros Mortgage Trust, Inc. (NYSE: CMTG) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Claros Mortgage Trust, Inc. officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
New York based Claros Mortgage Trust, Inc. operates as a real estate investment trust.
On February 16, 2023, Claros Mortgage Trust, Inc. reported its financial results for the quarter and year ended December 31, 2022. Claros Mortgage Trust, Inc. reported that its annual Total Revenue rose from $248.3 million in 2021 to $270.19 million in 2022, and that its Net Income declined from $170.55 million in 2021 to $112.06 million in 2022.
Then, on February 21, 2023, following the release of Claros Mortgage Trust, Inc's financial results, JMP Securities downgraded the Company to Market Perform from Market Outperform, citing credit weakness and valuation, with analyst Steven DeLaney noting that "the levels of 5-rated and nonaccrual loans both increased sharply in Q4".
Shares of Claros Mortgage Trust, Inc. (NYSE: CMTG) declined to $10.10 per share on June 1, 2023.
Those who purchased shares of Claros Mortgage Trust, Inc. (NYSE: CMTG) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.