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

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

Several research firms have recently weighed in on CMTG. Keefe, Bruyette & Woods reduced their target price on Claros Mortgage Trust from $4.00 to $2.50 and set an “underperform” rating for the company in a report on Thursday. UBS Group reduced their target price on Claros Mortgage Trust from $6.00 to $5.25 and set a “buy” rating for the company in a report on Tuesday. Finally, Wells Fargo & Company reduced their target price on Claros Mortgage Trust from $8.00 to $3.00 and set an “underweight” rating for the company in a report on Tuesday.

Claros Mortgage Trust Stock Up 1.1 %

Shares of NYSE CMTG opened at $2.32 on Friday. The company has a market capitalization of $322.63 million, a price-to-earnings ratio of -1.46 and a beta of 1.57. The company has a debt-to-equity ratio of 2.08, a current ratio of 25.67 and a quick ratio of 20.68. The business has a 50-day moving average of $3.58 and a two-hundred day moving average of $5.83. Claros Mortgage Trust has a 1 year low of $2.22 and a 1 year high of $10.15.

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

Hedge Funds Weigh In On Claros Mortgage Trust

Several institutional investors have recently added to or reduced their stakes in the stock. Koch Inc. acquired a new position in Claros Mortgage Trust in the 4th quarter valued at about $68,374,000. Geode Capital Management LLC increased its position in Claros Mortgage Trust by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 2,330,895 shares of the company’s stock valued at $10,538,000 after acquiring an additional 10,835 shares during the period. State Street Corp increased its position in Claros Mortgage Trust by 0.3% in the 3rd 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. Charles Schwab Investment Management Inc. increased its position in Claros Mortgage Trust by 19.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,679,701 shares of the company’s stock valued at $7,592,000 after acquiring an additional 277,053 shares during the period. Finally, JPMorgan Chase & Co. increased its position in Claros Mortgage Trust by 35.5% in the 4th quarter. JPMorgan Chase & Co. now owns 649,674 shares of the company’s stock valued at $2,937,000 after acquiring an additional 170,244 shares during the period. Institutional investors and hedge funds own 89.53% of the company’s stock.

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.