Claros Mortgage Trust, Inc. (NYSE:CMTG) Receives Average Recommendation of “Reduce” from Analysts

Claros Mortgage Trust, Inc. (NYSE:CMTG) has received an average recommendation of “Reduce” from the five analysts that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $4.1250.

A number of equities research analysts have weighed in on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Claros Mortgage Trust in a research report on Saturday, September 27th. Keefe, Bruyette & Woods raised their price target on Claros Mortgage Trust from $2.75 to $3.00 and gave the company an “underperform” rating in a research report on Tuesday, August 12th.

Institutional Investors Weigh In On Claros Mortgage Trust

A number of large investors have recently added to or reduced their stakes in CMTG. BNP Paribas Financial Markets raised its position in Claros Mortgage Trust by 75.8% during the second quarter. BNP Paribas Financial Markets now owns 8,938 shares of the company’s stock valued at $25,000 after purchasing an additional 3,854 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in Claros Mortgage Trust by 119.8% during the second quarter. Public Employees Retirement System of Ohio now owns 9,860 shares of the company’s stock valued at $28,000 after purchasing an additional 5,374 shares in the last quarter. May Hill Capital LLC purchased a new stake in Claros Mortgage Trust during the second quarter valued at about $39,000. Farther Finance Advisors LLC raised its position in Claros Mortgage Trust by 342.3% during the second quarter. Farther Finance Advisors LLC now owns 14,195 shares of the company’s stock valued at $40,000 after purchasing an additional 10,986 shares in the last quarter. Finally, Catalyst Funds Management Pty Ltd purchased a new position in shares of Claros Mortgage Trust in the second quarter worth about $41,000. Hedge funds and other institutional investors own 89.53% of the company’s stock.

Claros Mortgage Trust Price Performance

NYSE:CMTG opened at $3.23 on Friday. The firm has a market capitalization of $451.63 million, a price-to-earnings ratio of -1.08 and a beta of 1.20. Claros Mortgage Trust has a 52-week low of $2.13 and a 52-week high of $7.72. The stock has a fifty day moving average of $3.47 and a 200 day moving average of $3.07. The company has a debt-to-equity ratio of 1.92, a quick ratio of 30.23 and a current ratio of 30.23.

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.