UBS Group Cuts Claros Mortgage Trust (NYSE:CMTG) Price Target to $5.25

Claros Mortgage Trust (NYSE:CMTG - Get Free Report) had its target price dropped by investment analysts at UBS Group from $6.00 to $5.25 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. UBS Group's price target points to a potential upside of 126.78% from the company's current price.

Other equities analysts have also recently issued research reports about the company. Wells Fargo & Company lowered their target price on Claros Mortgage Trust from $8.00 to $3.00 and set an "underweight" rating on the stock in a research note on Tuesday. Keefe, Bruyette & Woods lowered their target price on Claros Mortgage Trust from $6.50 to $4.00 and set an "underperform" rating on the stock in a research note on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Claros Mortgage Trust presently has a consensus rating of "Hold" and an average price target of $4.31.

Claros Mortgage Trust Stock Up 1.1 %

NYSE:CMTG traded up $0.03 on Tuesday, hitting $2.32. 2,722,261 shares of the company's stock traded hands, compared to its average volume of 782,576. 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 1 year low of $2.22 and a 1 year high of $10.15. The firm has a 50-day moving average price of $3.58 and a 200-day moving average price of $5.83. The company has a market cap of $322.63 million, a PE ratio of -1.46 and a beta of 1.57.

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

Institutional Investors Weigh In On Claros Mortgage Trust

Several institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC lifted its holdings in shares of Claros Mortgage Trust by 18.4% during the 4th quarter. SG Americas Securities LLC now owns 23,769 shares of the company's stock valued at $107,000 after buying an additional 3,694 shares during the last quarter. Sei Investments Co. lifted its holdings in Claros Mortgage Trust by 19.0% in the 4th quarter. Sei Investments Co. now owns 23,828 shares of the company's stock worth $108,000 after purchasing an additional 3,800 shares during the last quarter. Blue Trust Inc. lifted its holdings in Claros Mortgage Trust by 2,260.7% in the 3rd 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. Atria Investments Inc lifted its holdings in Claros Mortgage Trust by 29.2% in the 3rd quarter. Atria Investments Inc now owns 25,743 shares of the company's stock worth $193,000 after purchasing an additional 5,823 shares during the last quarter. Finally, State Street Corp lifted its holdings in Claros Mortgage Trust by 0.3% in the 3rd quarter. State Street Corp now owns 2,165,863 shares of the company's stock worth $16,436,000 after purchasing an additional 6,882 shares during the last quarter. 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.