Analysts Set Claros Mortgage Trust, Inc. (NYSE:CMTG) PT at $3.88

Claros Mortgage Trust, Inc. (NYSE:CMTG - Get Free Report) has earned a consensus recommendation of "Reduce" from the six ratings firms that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $3.88.

A number of equities research analysts have issued reports on CMTG shares. Wells Fargo & Company decreased their price objective on Claros Mortgage Trust from $8.00 to $3.00 and set an "underweight" rating on the stock in a research report on Tuesday, February 25th. Keefe, Bruyette & Woods dropped their price objective on shares of Claros Mortgage Trust from $4.00 to $2.50 and set an "underperform" rating for the company in a research note on Thursday, February 27th. Finally, UBS Group cut their price objective on shares of Claros Mortgage Trust from $5.25 to $3.50 and set a "buy" rating on the stock in a research report on Wednesday, April 16th.

Insiders Place Their Bets

In other news, CFO Mike Mcgillis acquired 24,115 shares of Claros Mortgage Trust stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average price of $3.30 per share, for a total transaction of $79,579.50. Following the completion of the transaction, the chief financial officer now directly owns 475,945 shares in the company, valued at approximately $1,570,618.50. This trade represents a 5.34 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Richard Mack bought 115,000 shares of the company's stock in a transaction on Monday, March 10th. The stock was bought at an average cost of $3.19 per share, with a total value of $366,850.00. Following the completion of the acquisition, the chief executive officer now owns 2,564,981 shares of the company's stock, valued at $8,182,289.39. This represents a 4.69 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 169,115 shares of company stock worth $547,930 over the last 90 days. Corporate insiders own 1.40% of the company's stock.

Institutional Trading of Claros Mortgage Trust

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Arlington Trust Co LLC acquired a new position in Claros Mortgage Trust during the 4th quarter worth approximately $43,000. Townsquare Capital LLC purchased a new stake in shares of Claros Mortgage Trust during the fourth quarter worth about $46,000. BNP Paribas Financial Markets acquired a new position in shares of Claros Mortgage Trust in the 4th quarter valued at approximately $46,000. Squarepoint Ops LLC bought a new stake in shares of Claros Mortgage Trust in the fourth quarter worth $46,000. Finally, Proficio Capital Partners LLC acquired a new stake in Claros Mortgage Trust in the fourth quarter valued at $47,000. Institutional investors and hedge funds own 89.53% of the company's stock.

Claros Mortgage Trust Stock Performance

CMTG stock traded up $0.02 during midday trading on Friday, reaching $2.41. 96,733 shares of the company's stock traded hands, compared to its average volume of 624,331. The company has a current ratio of 25.67, a quick ratio of 20.68 and a debt-to-equity ratio of 2.08. Claros Mortgage Trust has a 52-week low of $2.13 and a 52-week high of $9.81. The stock has a market cap of $335.17 million, a P/E ratio of -1.52 and a beta of 1.12. The stock's 50-day moving average is $3.03 and its 200 day moving average is $4.51.

Claros Mortgage Trust (NYSE:CMTG - Get Free Report) last released its earnings results on Wednesday, February 19th. The company reported $0.15 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.03. Claros Mortgage Trust had a negative net margin of 89.07% and a positive return on equity of 4.72%. The company had revenue of $60.23 million for the quarter, compared to analysts' expectations of $58.07 million. As a group, analysts anticipate that Claros Mortgage Trust will post 0.27 EPS for the current year.

Claros Mortgage Trust Company Profile

Claros Mortgage Trust, Inc operates as a real estate investment trust. It focuses on originating senior and subordinate loans on transitional commercial real estate assets in the United States. The company has elected to be taxed as a real estate investment trust. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders.