Claros Mortgage Trust, Inc. (NYSE:CMTG) Receives Consensus Recommendation of "Reduce" from Brokerages

Shares of Claros Mortgage Trust, Inc. (NYSE:CMTG - Get Free Report) have earned an average rating of "Reduce" from the six brokerages that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $8.13.

A number of equities research analysts recently weighed in on the company. Keefe, Bruyette & Woods decreased their target price on Claros Mortgage Trust from $8.50 to $8.00 and set an "underperform" rating on the stock in a research report on Monday, August 12th. JPMorgan Chase & Co. decreased their target price on Claros Mortgage Trust from $9.00 to $6.50 and set a "neutral" rating on the stock in a research report on Thursday, October 17th. Wells Fargo & Company downgraded Claros Mortgage Trust from an "equal weight" rating to an "underweight" rating and set a $8.00 target price on the stock. in a research report on Friday, September 20th. Finally, BTIG Research began coverage on shares of Claros Mortgage Trust in a research note on Friday, July 19th. They set a "neutral" rating for the company.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Gladius Capital Management LP bought a new position in shares of Claros Mortgage Trust in the second quarter valued at approximately $33,000. Blue Trust Inc. raised its stake in shares of Claros Mortgage Trust by 2,260.7% in the third quarter. Blue Trust Inc. now owns 5,406 shares of the company's stock valued at $43,000 after acquiring an additional 5,177 shares during the last quarter. SG Americas Securities LLC raised its position in Claros Mortgage Trust by 32.2% in the 1st quarter. SG Americas Securities LLC now owns 10,891 shares of the company's stock worth $106,000 after purchasing an additional 2,651 shares during the last quarter. Covestor Ltd raised its position in Claros Mortgage Trust by 349.4% in the 1st quarter. Covestor Ltd now owns 10,897 shares of the company's stock worth $106,000 after purchasing an additional 8,472 shares during the last quarter. Finally, MQS Management LLC bought a new position in Claros Mortgage Trust in the 1st quarter worth approximately $128,000. Institutional investors own 89.53% of the company's stock.

Claros Mortgage Trust Stock Performance

Shares of NYSE:CMTG traded down $0.20 during midday trading on Friday, hitting $6.26. The company's stock had a trading volume of 225,582 shares, compared to its average volume of 341,479. The stock has a market capitalization of $868.56 million, a price-to-earnings ratio of -10.10 and a beta of 1.49. The stock's 50 day simple moving average is $7.38 and its 200 day simple moving average is $8.08. Claros Mortgage Trust has a fifty-two week low of $6.08 and a fifty-two week high of $15.25. The company has a debt-to-equity ratio of 2.12, a quick ratio of 28.19 and a current ratio of 28.19.

Claros Mortgage Trust (NYSE:CMTG - Get Free Report) last issued its quarterly earnings results on Monday, August 5th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.10. Claros Mortgage Trust had a positive return on equity of 3.30% and a negative net margin of 35.47%. The company had revenue of $64.49 million for the quarter, compared to the consensus estimate of $64.25 million. As a group, research analysts anticipate that Claros Mortgage Trust will post 0.15 earnings per share for the current year.

Claros Mortgage Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 6.39%. The ex-dividend date of this dividend was Monday, September 30th. Claros Mortgage Trust's dividend payout ratio is -64.52%.

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.