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

Claros Mortgage Trust (NYSE:CMTG) had its price objective decreased by UBS Group from $4.50 to $4.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s price objective would suggest a potential upside of 31.80% from the stock’s previous close.

A number of other brokerages also recently issued reports on CMTG. Keefe, Bruyette & Woods boosted their price objective on Claros Mortgage Trust from $2.75 to $3.00 and gave the company an “underperform” rating in a research note on Tuesday, August 12th. Weiss Ratings reiterated a “sell (d)” rating on shares of Claros Mortgage Trust in a research report on Tuesday, October 14th. Finally, Wall Street Zen upgraded shares of Claros Mortgage Trust from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. One investment analyst has rated the stock with a Buy rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $3.33.

Claros Mortgage Trust Stock Performance

NYSE CMTG traded down $0.01 during trading hours on Friday, hitting $3.04. 171,953 shares of the company’s stock traded hands, compared to its average volume of 850,989. The business’s fifty day moving average price is $3.44 and its two-hundred day moving average price is $3.14. The company has a current ratio of 26.00, a quick ratio of 26.00 and a debt-to-equity ratio of 1.79. The firm has a market capitalization of $425.57 million, a P/E ratio of -1.15 and a beta of 1.20. Claros Mortgage Trust has a 52 week low of $2.13 and a 52 week high of $7.14.

Claros Mortgage Trust (NYSE:CMTG) last released its quarterly earnings results on Friday, March 3rd. The company reported $0.38 earnings per share for the quarter. The business had revenue of $84.11 million for the quarter. Claros Mortgage Trust had a negative net margin of 184.07% and a negative return on equity of 7.99%. Equities research analysts predict that Claros Mortgage Trust will post 0.27 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CMTG. Nuveen LLC purchased a new stake in shares of Claros Mortgage Trust in the first quarter worth approximately $921,000. Charles Schwab Investment Management Inc. grew its position in Claros Mortgage Trust by 31.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,203,104 shares of the company’s stock valued at $8,218,000 after acquiring an additional 523,403 shares during the last quarter. Farther Finance Advisors LLC grew its position in Claros Mortgage Trust by 342.3% in the 2nd quarter. Farther Finance Advisors LLC now owns 14,195 shares of the company’s stock valued at $40,000 after acquiring an additional 10,986 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Claros Mortgage Trust by 745.4% in the first quarter. Russell Investments Group Ltd. now owns 35,726 shares of the company’s stock worth $133,000 after purchasing an additional 31,500 shares during the period. Finally, Avantax Advisory Services Inc. bought a new stake in shares of Claros Mortgage Trust during the first quarter worth $61,000. Hedge funds and other institutional investors own 89.53% of the company’s stock.

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.