Claros Mortgage Trust, Inc. (NYSE:CMTG) Given Average Rating of "Reduce" by Brokerages

Claros Mortgage Trust, Inc. (NYSE:CMTG - Get Free Report) has received a consensus rating of "Reduce" from the six brokerages that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $4.31.

Several analysts have recently issued reports on the company. UBS Group reduced their price objective on Claros Mortgage Trust from $6.00 to $5.25 and set a "buy" rating on the stock in a research note on Tuesday, February 25th. Keefe, Bruyette & Woods reduced their price objective on Claros Mortgage Trust from $4.00 to $2.50 and set an "underperform" rating on the stock in a research note on Thursday, February 27th. Finally, Wells Fargo & Company reduced 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 Up 3.4 %

NYSE:CMTG traded up $0.08 during trading hours on Friday, reaching $2.29. 1,850,453 shares of the stock were exchanged, compared to its average volume of 419,147. The company has a quick ratio of 20.68, a current ratio of 25.67 and a debt-to-equity ratio of 2.08. The business has a 50-day moving average of $3.50 and a two-hundred day moving average of $5.73. Claros Mortgage Trust has a twelve month low of $2.16 and a twelve month high of $10.15. The company has a market capitalization of $318.44 million, a price-to-earnings ratio of -1.44 and a beta of 1.63.

Remove Ads

Claros Mortgage Trust (NYSE:CMTG - Get Free Report) last released its quarterly 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. The company had revenue of $60.23 million for the quarter, compared to analysts' expectations of $58.07 million. Claros Mortgage Trust had a positive return on equity of 4.72% and a negative net margin of 89.07%. On average, equities analysts predict that Claros Mortgage Trust will post 0.27 EPS for the current year.

Institutional Trading of Claros Mortgage Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Blue Trust Inc. grew its holdings 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 during the last quarter. Arlington Trust Co LLC purchased a new position in shares of Claros Mortgage Trust during the fourth quarter worth about $43,000. BNP Paribas Financial Markets purchased a new position in shares of Claros Mortgage Trust during the fourth quarter worth about $46,000. Townsquare Capital LLC purchased a new position in shares of Claros Mortgage Trust during the fourth quarter worth about $46,000. Finally, Squarepoint Ops LLC purchased a new position in shares of Claros Mortgage Trust during the fourth quarter worth about $46,000. 89.53% of the stock is currently owned by institutional investors and hedge funds.

About Claros Mortgage Trust

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.