UBS Group Cuts Claros Mortgage Trust (NYSE:CMTG) Price Target to $4.00

Claros Mortgage Trust (NYSE:CMTG) had its price target lowered by UBS Group from $4.50 to $4.00 in a report published on Friday,Benzinga reports. The firm currently has a buy rating on the stock.

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

Claros Mortgage Trust Trading Up 1.2%

Shares of CMTG stock opened at $3.08 on Friday. Claros Mortgage Trust has a twelve month low of $2.13 and a twelve month high of $7.14. The stock’s fifty day simple moving average is $3.42 and its 200 day simple moving average is $3.16. The company has a quick ratio of 26.00, a current ratio of 26.00 and a debt-to-equity ratio of 1.79. The firm has a market capitalization of $431.18 million, a P/E ratio of -1.16 and a beta of 1.20.

Claros Mortgage Trust (NYSE:CMTG) last announced its quarterly earnings results on Friday, March 3rd. The company reported $0.38 EPS for the quarter. The firm had revenue of $84.11 million for the quarter. Claros Mortgage Trust had a negative return on equity of 7.99% and a negative net margin of 184.07%. As a group, sell-side analysts predict that Claros Mortgage Trust will post 0.27 EPS for the current fiscal year.

Institutional Investors Weigh In On Claros Mortgage Trust

Several large investors have recently modified their holdings of CMTG. AE Wealth Management LLC acquired a new position in Claros Mortgage Trust in the first quarter valued at $104,000. Avantax Advisory Services Inc. acquired a new position in shares of Claros Mortgage Trust in the 1st quarter valued at about $61,000. GSA Capital Partners LLP boosted its position in shares of Claros Mortgage Trust by 95.5% during the 1st quarter. GSA Capital Partners LLP now owns 155,849 shares of the company’s stock valued at $581,000 after purchasing an additional 76,116 shares in the last quarter. XTX Topco Ltd grew its stake in Claros Mortgage Trust by 43.8% during the first quarter. XTX Topco Ltd now owns 31,812 shares of the company’s stock worth $119,000 after purchasing an additional 9,695 shares during the period. Finally, AXS Investments LLC increased its holdings in Claros Mortgage Trust by 70.8% in the first quarter. AXS Investments LLC now owns 411,159 shares of the company’s stock worth $1,534,000 after purchasing an additional 170,460 shares in the last quarter. 89.53% of the stock is currently owned by institutional investors and hedge funds.

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.