Analysts Set Claros Mortgage Trust, Inc. (NYSE:CMTG) PT at $6.13

Shares of Claros Mortgage Trust, Inc. (NYSE:CMTG - Get Free Report) have been assigned a consensus recommendation of "Reduce" from the six brokerages that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $6.13.

A number of equities analysts have weighed in on the stock. UBS Group raised shares of Claros Mortgage Trust from a "neutral" rating to a "buy" rating and cut their price target for the stock from $8.00 to $6.00 in a research note on Friday, January 10th. Keefe, Bruyette & Woods reduced their target price on Claros Mortgage Trust from $6.50 to $4.00 and set an "underperform" rating on the stock in a report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. dropped their price target on Claros Mortgage Trust from $9.00 to $6.50 and set a "neutral" rating for the company in a research note on Thursday, October 17th.

Claros Mortgage Trust Trading Down 2.1 %

NYSE CMTG traded down $0.07 during trading hours on Tuesday, hitting $3.29. 663,058 shares of the company's stock were exchanged, compared to its average volume of 516,950. The company has a debt-to-equity ratio of 2.11, a quick ratio of 20.68 and a current ratio of 20.68. The firm has a market capitalization of $458.49 million, a P/E ratio of -5.22 and a beta of 1.57. The business's 50 day moving average is $4.52 and its 200-day moving average is $6.47. Claros Mortgage Trust has a 12-month low of $3.14 and a 12-month high of $10.37.

Claros Mortgage Trust (NYSE:CMTG - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.05. Claros Mortgage Trust had a negative net margin of 32.75% and a positive return on equity of 5.60%. The business had revenue of $64.88 million for the quarter, compared to analyst estimates of $69.48 million. During the same period in the prior year, the firm posted ($0.16) EPS. As a group, analysts anticipate that Claros Mortgage Trust will post -0.1 EPS for the current fiscal year.

Institutional Trading of Claros Mortgage Trust

Large investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. lifted its stake in shares of Claros Mortgage Trust by 2,260.7% during the third quarter. Blue Trust Inc. now owns 5,406 shares of the company's stock worth $43,000 after purchasing an additional 5,177 shares in the last quarter. Arlington Trust Co LLC acquired a new position in Claros Mortgage Trust during the 4th quarter worth approximately $43,000. Proficio Capital Partners LLC purchased a new position in Claros Mortgage Trust in the 4th quarter worth approximately $47,000. GSA Capital Partners LLP purchased a new position in Claros Mortgage Trust in the 3rd quarter worth approximately $101,000. Finally, Intech Investment Management LLC acquired a new stake in Claros Mortgage Trust in the third quarter valued at approximately $114,000. 89.53% of the stock is currently owned by institutional investors and hedge funds.

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.