Claros Mortgage Trust, Inc. (NYSE:CMTG) Given Consensus Recommendation of "Reduce" by Analysts

Shares of Claros Mortgage Trust, Inc. (NYSE:CMTG - Get Free Report) have been assigned an average rating of "Reduce" from the six research firms that are covering the company, MarketBeat.com reports. Two investment 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 target among brokers that have updated their coverage on the stock in the last year is $4.31.

Several equities research analysts recently issued reports on CMTG shares. UBS Group reduced their price objective on Claros Mortgage Trust from $6.00 to $5.25 and set a "buy" rating for the company in a research note on Tuesday, February 25th. Keefe, Bruyette & Woods reduced their target price 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, Wells Fargo & Company cut their price objective on Claros Mortgage Trust from $8.00 to $3.00 and set an "underweight" rating on the stock in a research note on Tuesday, February 25th.

Claros Mortgage Trust Trading Down 6.3 %

Shares of CMTG traded down $0.25 during midday trading on Wednesday, hitting $3.67. The stock had a trading volume of 332,062 shares, compared to its average volume of 563,262. The business has a 50-day simple moving average of $3.30 and a two-hundred day simple moving average of $5.21. The firm has a market cap of $510.77 million, a P/E ratio of -2.32 and a beta of 1.62. 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 fifty-two week low of $2.13 and a fifty-two week high of $9.81.

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Claros Mortgage Trust (NYSE:CMTG - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $60.23 million during the quarter, compared to analyst estimates of $58.07 million. As a group, equities analysts forecast that Claros Mortgage Trust will post 0.27 EPS for the current year.

Insider Buying and Selling

In other news, CFO Mike Mcgillis acquired 24,115 shares of the stock in a transaction dated Wednesday, March 12th. The shares were acquired at an average cost of $3.30 per share, for a total transaction of $79,579.50. Following the completion of the transaction, the chief financial officer now owns 475,945 shares in the company, valued at approximately $1,570,618.50. This trade represents a 5.34 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Richard Mack bought 115,000 shares of the business's stock in a transaction that occurred on Monday, March 10th. The stock was purchased at an average price of $3.19 per share, with a total value of $366,850.00. Following the completion of the purchase, the chief executive officer now directly 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. Over the last quarter, insiders have purchased 169,115 shares of company stock valued at $547,930. 1.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Claros Mortgage Trust

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

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.