UBS Group Issues Pessimistic Forecast for Claros Mortgage Trust (NYSE:CMTG) Stock Price

Claros Mortgage Trust (NYSE:CMTG - Get Free Report) had its target price cut by investment analysts at UBS Group from $5.25 to $3.50 in a research note issued on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the stock. UBS Group's price objective indicates a potential upside of 57.66% from the stock's current price.

A number of other research analysts have also recently issued reports on CMTG. Keefe, Bruyette & Woods lowered their price target on shares of Claros Mortgage Trust from $4.00 to $2.50 and set an "underperform" rating for the company in a research report on Thursday, February 27th. Wells Fargo & Company dropped their target price on shares of Claros Mortgage Trust from $8.00 to $3.00 and set an "underweight" rating on the stock in a report on Tuesday, February 25th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Claros Mortgage Trust has an average rating of "Hold" and a consensus price target of $3.88.

Claros Mortgage Trust Price Performance

NYSE:CMTG traded down $0.14 during midday trading on Wednesday, hitting $2.22. The company had a trading volume of 289,614 shares, compared to its average volume of 1,208,186. The stock's fifty day moving average price is $3.07 and its 200-day moving average price is $4.57. Claros Mortgage Trust has a 52-week low of $2.13 and a 52-week high of $9.81. 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 company has a market capitalization of $309.39 million, a PE ratio of -1.40 and a beta of 1.12.

Claros Mortgage Trust (NYSE:CMTG - Get Free Report) last issued 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. The company had revenue of $60.23 million for the quarter, compared to analysts' expectations of $58.07 million. Claros Mortgage Trust had a negative net margin of 89.07% and a positive return on equity of 4.72%. As a group, research analysts expect that Claros Mortgage Trust will post 0.27 earnings per share for the current year.

Insider Activity

In other news, CFO Mike Mcgillis purchased 24,115 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased 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 of the company's stock, valued at $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 SEC, which is available through the SEC website. Also, CEO Richard Mack acquired 115,000 shares of the stock in a transaction on Monday, March 10th. The shares were bought at an average cost of $3.19 per share, for a total transaction of $366,850.00. Following the purchase, the chief executive officer now directly owns 2,564,981 shares of the company's stock, valued at $8,182,289.39. The trade was a 4.69 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 169,115 shares of company stock worth $547,930. Corporate insiders own 1.40% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Arlington Trust Co LLC purchased a new stake in shares of Claros Mortgage Trust during the 4th quarter worth approximately $43,000. BNP Paribas Financial Markets purchased a new stake in Claros Mortgage Trust during the fourth quarter worth about $46,000. Townsquare Capital LLC purchased a new stake in Claros Mortgage Trust during the fourth quarter worth $46,000. Squarepoint Ops LLC acquired a new position in Claros Mortgage Trust during the fourth quarter worth about $46,000. Finally, Envestnet Asset Management Inc. acquired a new stake in Claros Mortgage Trust during the 4th quarter valued at $47,000. 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.