Brokerages Set Claros Mortgage Trust, Inc. (NYSE:CMTG) PT at $4.31

Shares of Claros Mortgage Trust, Inc. (NYSE:CMTG) have been assigned an average rating of “Reduce” from the six brokerages that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $4.31.

CMTG has been the subject of several research reports. UBS Group lowered their target price on Claros Mortgage Trust from $6.00 to $5.25 and set a “buy” rating for the company in a research note on Tuesday, February 25th. Wells Fargo & Company lowered their target price on Claros Mortgage Trust from $8.00 to $3.00 and set an “underweight” rating for the company in a research note on Tuesday, February 25th. Finally, Keefe, Bruyette & Woods lowered their target price on Claros Mortgage Trust from $4.00 to $2.50 and set an “underperform” rating for the company in a research note on Thursday, February 27th.

Claros Mortgage Trust Stock Up 15.8 %

NYSE CMTG opened at $3.06 on Friday. The stock has a fifty day moving average of $3.37 and a 200-day moving average of $5.61. The stock has a market capitalization of $426.03 million, a P/E ratio of -1.92 and a beta of 1.63. Claros Mortgage Trust has a 52 week low of $2.13 and a 52 week 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.

Claros Mortgage Trust (NYSE:CMTG) last released its earnings results on Wednesday, February 19th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.12 by $0.03. The company had revenue of $60.23 million during the quarter, compared to analysts’ expectations 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, equities research analysts forecast that Claros Mortgage Trust will post 0.27 EPS for the current year.

Institutional Investors Weigh In On Claros Mortgage Trust

Institutional investors have recently made changes to their positions in the stock. Blue Trust Inc. grew its stake in shares of Claros Mortgage Trust by 2,260.7% during the third quarter. Blue Trust Inc. now owns 5,406 shares of the company’s stock worth $43,000 after purchasing an additional 5,177 shares during the period. Arlington Trust Co LLC bought a new position in Claros Mortgage Trust during the fourth quarter worth about $43,000. Townsquare Capital LLC bought a new position in Claros Mortgage Trust during the fourth quarter worth about $46,000. BNP Paribas Financial Markets bought a new position in Claros Mortgage Trust during the fourth quarter worth about $46,000. Finally, Squarepoint Ops LLC bought a new position in Claros Mortgage Trust during the fourth quarter worth about $46,000. 89.53% of the stock is 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.