Analysts Set Claros Mortgage Trust, Inc. (NYSE:CMTG) Target Price at $3.94

Claros Mortgage Trust, Inc. (NYSE:CMTG) has received a consensus recommendation of “Reduce” from the five ratings firms that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $3.94.

Several equities research analysts have recently commented on CMTG shares. Keefe, Bruyette & Woods dropped their target price on shares of Claros Mortgage Trust from $2.50 to $2.25 and set an “underperform” rating for the company in a research report on Monday, May 12th. UBS Group reaffirmed a “buy” rating and issued a $4.00 target price (up from $3.50) on shares of Claros Mortgage Trust in a research report on Wednesday, May 21st. Finally, Wells Fargo & Company lowered their price target on shares of Claros Mortgage Trust from $8.00 to $3.00 and set an “underweight” rating for the company in a research report on Tuesday, February 25th.

Claros Mortgage Trust Trading Down 2.6%

NYSE:CMTG opened at $3.01 on Monday. The company has a 50-day moving average price of $2.56 and a 200-day moving average price of $3.44. Claros Mortgage Trust has a 12 month low of $2.13 and a 12 month high of $9.81. 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 stock has a market cap of $420.77 million, a price-to-earnings ratio of -1.89 and a beta of 1.17.

Claros Mortgage Trust (NYSE:CMTG) last posted its earnings results on Wednesday, May 7th. The company reported ($0.25) EPS for the quarter, topping the consensus estimate of ($0.32) by $0.07. Claros Mortgage Trust had a negative net margin of 89.07% and a positive return on equity of 4.72%. The firm had revenue of $44.50 million during the quarter, compared to analysts’ expectations of $41.91 million. Equities analysts predict that Claros Mortgage Trust will post 0.27 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. SG Americas Securities LLC lifted its position in Claros Mortgage Trust by 18.4% during the 4th quarter. SG Americas Securities LLC now owns 23,769 shares of the company’s stock valued at $107,000 after acquiring an additional 3,694 shares during the period. Sei Investments Co. increased its stake in Claros Mortgage Trust by 19.0% during the 4th quarter. Sei Investments Co. now owns 23,828 shares of the company’s stock valued at $108,000 after purchasing an additional 3,800 shares in the last quarter. MetLife Investment Management LLC increased its stake in Claros Mortgage Trust by 10.5% during the 1st quarter. MetLife Investment Management LLC now owns 52,762 shares of the company’s stock valued at $197,000 after purchasing an additional 5,016 shares in the last quarter. ProShare Advisors LLC increased its stake in Claros Mortgage Trust by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 24,311 shares of the company’s stock valued at $110,000 after purchasing an additional 7,999 shares in the last quarter. Finally, Arlington Trust Co LLC bought a new stake in Claros Mortgage Trust during the 4th quarter valued at about $43,000. 89.53% of the stock is owned by hedge funds and other institutional investors.

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.