Claros Mortgage Trust, Inc. (NYSE:CMTG) Given Consensus Recommendation of “Reduce” by Analysts

Claros Mortgage Trust, Inc. (NYSE:CMTG) has been given a consensus rating of “Reduce” by the six research firms that are currently covering the company, Marketbeat.com reports. Two equities 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 price objective among analysts that have issued a report on the stock in the last year is $4.31.

A number of brokerages have recently weighed in on CMTG. Wells Fargo & Company dropped their price target on Claros Mortgage Trust from $8.00 to $3.00 and set an “underweight” rating on the stock in a research report on Tuesday, February 25th. Keefe, Bruyette & Woods dropped their target price on 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. Finally, UBS Group cut their target price on 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.

Insider Buying and Selling

In related news, CEO Richard Mack acquired 115,000 shares of Claros Mortgage Trust stock in a transaction that occurred on Monday, March 10th. The stock was acquired at an average price of $3.19 per share, with a total value of $366,850.00. Following the completion of the acquisition, the chief executive officer now directly owns 2,564,981 shares of the company’s stock, valued at $8,182,289.39. This trade represents a 4.69 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Mike Mcgillis bought 24,115 shares of the stock in a transaction on Wednesday, March 12th. The shares were bought at an average cost of $3.30 per share, for a total transaction of $79,579.50. Following the purchase, the chief financial officer now owns 475,945 shares in the company, valued at $1,570,618.50. This trade represents a 5.34 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired 169,115 shares of company stock valued at $547,930 in the last three months. 1.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Claros Mortgage Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GSA Capital Partners LLP bought a new position in Claros Mortgage Trust during the 3rd quarter valued at $101,000. Quest Partners LLC lifted its holdings in shares of Claros Mortgage Trust by 5,222.4% in the third quarter. Quest Partners LLC now owns 41,515 shares of the company’s stock valued at $311,000 after buying an additional 40,735 shares during the period. Intech Investment Management LLC bought a new position in Claros Mortgage Trust during the third quarter valued at about $114,000. Charles Schwab Investment Management Inc. grew its holdings in Claros Mortgage Trust by 15.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,402,648 shares of the company’s stock worth $10,506,000 after acquiring an additional 188,950 shares during the period. Finally, Penserra Capital Management LLC raised its position in Claros Mortgage Trust by 22.9% in the third quarter. Penserra Capital Management LLC now owns 134,542 shares of the company’s stock worth $1,007,000 after acquiring an additional 25,110 shares in the last quarter. Institutional investors own 89.53% of the company’s stock.

Claros Mortgage Trust Stock Down 0.2 %

CMTG stock opened at $4.07 on Wednesday. The firm has a market cap of $567.21 million, a price-to-earnings ratio of -2.56 and a beta of 1.62. Claros Mortgage Trust has a 1-year low of $2.13 and a 1-year high of $9.81. The firm has a fifty day moving average price of $3.30 and a two-hundred day moving average price of $5.23. The company has a debt-to-equity ratio of 2.08, a current ratio of 25.67 and a quick ratio of 20.68.

Claros Mortgage Trust (NYSE:CMTG) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $60.23 million during the quarter, compared to the consensus estimate of $58.07 million. Research analysts predict that Claros Mortgage Trust will post 0.27 EPS for the current year.

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.