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

Claros Mortgage Trust, Inc. (NYSE:CMTG) has earned an average rating of “Reduce” from the six analysts that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $6.13.

Several equities analysts have commented on the stock. UBS Group upgraded shares of Claros Mortgage Trust from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $8.00 to $6.00 in a research note on Friday, January 10th. Keefe, Bruyette & Woods dropped their price target on shares of Claros Mortgage Trust from $6.50 to $4.00 and set an “underperform” rating for the company in a research note on Tuesday, January 14th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Claros Mortgage Trust from $9.00 to $6.50 and set a “neutral” rating for the company in a research note on Thursday, October 17th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Blue Trust Inc. increased its stake in shares of Claros Mortgage Trust by 2,260.7% during the 3rd quarter. Blue Trust Inc. now owns 5,406 shares of the company’s stock worth $43,000 after purchasing an additional 5,177 shares in the last quarter. Arlington Trust Co LLC purchased a new position in shares of Claros Mortgage Trust during the 4th quarter worth approximately $43,000. GSA Capital Partners LLP purchased a new position in shares of Claros Mortgage Trust during the 3rd quarter worth approximately $101,000. SG Americas Securities LLC increased its stake in shares of Claros Mortgage Trust by 18.4% during the 4th quarter. SG Americas Securities LLC now owns 23,769 shares of the company’s stock worth $107,000 after purchasing an additional 3,694 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new position in shares of Claros Mortgage Trust during the 3rd quarter worth approximately $114,000. 89.53% of the stock is owned by hedge funds and other institutional investors.

Claros Mortgage Trust Stock Performance

Shares of CMTG stock opened at $3.36 on Tuesday. The business has a fifty day moving average of $4.72 and a 200 day moving average of $6.56. The firm has a market capitalization of $467.55 million, a price-to-earnings ratio of -5.33 and a beta of 1.57. The company has a debt-to-equity ratio of 2.11, a current ratio of 20.68 and a quick ratio of 20.68. Claros Mortgage Trust has a 1 year low of $3.14 and a 1 year high of $11.22.

Claros Mortgage Trust (NYSE:CMTG) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.05. Claros Mortgage Trust had a negative net margin of 32.75% and a positive return on equity of 5.60%. The firm had revenue of $64.88 million for the quarter, compared to analyst estimates of $69.48 million. During the same period last year, the company posted ($0.16) EPS. As a group, research analysts expect that Claros Mortgage Trust will post -0.1 earnings per share for the current year.

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.