Claros Mortgage Trust, Inc. (NYSE:CMTG) Given Consensus Rating of “Reduce” by Brokerages

Shares of Claros Mortgage Trust, Inc. (NYSE:CMTG) have been given an average recommendation of “Reduce” by the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $4.31.

A number of analysts have recently commented on the company. UBS Group cut their price target on Claros Mortgage Trust from $6.00 to $5.25 and set a “buy” rating on the stock in a report on Tuesday, February 25th. Keefe, Bruyette & Woods cut their price target on Claros Mortgage Trust from $4.00 to $2.50 and set an “underperform” rating on the stock in a report on Thursday, February 27th. Finally, Wells Fargo & Company cut their price target on Claros Mortgage Trust from $8.00 to $3.00 and set an “underweight” rating on the stock in a report on Tuesday, February 25th.

Institutional Trading of Claros Mortgage Trust

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Koch Inc. bought a new stake in Claros Mortgage Trust during the fourth quarter worth about $68,374,000. Geode Capital Management LLC raised its holdings in Claros Mortgage Trust by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 2,330,895 shares of the company’s stock worth $10,538,000 after acquiring an additional 10,835 shares in the last quarter. State Street Corp raised its holdings in Claros Mortgage Trust by 0.3% during the third quarter. State Street Corp now owns 2,165,863 shares of the company’s stock worth $16,436,000 after acquiring an additional 6,882 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Claros Mortgage Trust by 19.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,679,701 shares of the company’s stock worth $7,592,000 after acquiring an additional 277,053 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Claros Mortgage Trust by 35.5% during the fourth quarter. JPMorgan Chase & Co. now owns 649,674 shares of the company’s stock worth $2,937,000 after acquiring an additional 170,244 shares in the last quarter. Institutional investors own 89.53% of the company’s stock.

Claros Mortgage Trust Stock Performance

CMTG stock opened at $3.06 on Friday. The business’s 50-day moving average price is $3.37 and its two-hundred day moving average price is $5.61. The company has a current ratio of 25.67, a quick ratio of 20.68 and a debt-to-equity ratio of 2.08. The firm has a market cap of $426.03 million, a PE ratio of -1.92 and a beta of 1.63. Claros Mortgage Trust has a 1-year low of $2.13 and a 1-year high of $10.15.

Claros Mortgage Trust (NYSE:CMTG) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.03. The company had revenue of $60.23 million for the quarter, compared to analyst estimates of $58.07 million. Claros Mortgage Trust had a positive return on equity of 4.72% and a negative net margin of 89.07%. As a group, research analysts forecast that Claros Mortgage Trust will post 0.27 earnings per share for the current year.

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.