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

Shares of Claros Mortgage Trust, Inc. (NYSE:CMTG) have received an average recommendation of “Reduce” from the six analysts that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $4.31.

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

Claros Mortgage Trust Price Performance

Shares of NYSE CMTG opened at $2.32 on Friday. Claros Mortgage Trust has a one year low of $2.13 and a one year high of $10.15. The company has a debt-to-equity ratio of 2.08, a quick ratio of 20.68 and a current ratio of 25.67. The firm has a fifty day moving average of $3.47 and a 200 day moving average of $5.69. The firm has a market cap of $322.63 million, a PE ratio of -1.46 and a beta of 1.63.

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

Hedge Funds Weigh In On Claros Mortgage Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CMTG. State Street Corp boosted its holdings in shares of Claros Mortgage Trust by 0.3% in the third quarter. State Street Corp now owns 2,165,863 shares of the company’s stock valued at $16,436,000 after acquiring an additional 6,882 shares during the period. Barclays PLC boosted its holdings in shares of Claros Mortgage Trust by 332.1% in the third quarter. Barclays PLC now owns 138,291 shares of the company’s stock valued at $1,037,000 after acquiring an additional 106,289 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Claros Mortgage Trust by 236.4% in the third quarter. JPMorgan Chase & Co. now owns 479,430 shares of the company’s stock valued at $3,591,000 after acquiring an additional 336,931 shares during the period. Atria Investments Inc boosted its holdings in shares of Claros Mortgage Trust by 29.2% in the third quarter. Atria Investments Inc now owns 25,743 shares of the company’s stock valued at $193,000 after acquiring an additional 5,823 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Claros Mortgage Trust by 15.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,402,648 shares of the company’s stock valued at $10,506,000 after acquiring an additional 188,950 shares during the period. 89.53% of the stock is owned by institutional investors and hedge funds.

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.