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

Claros Mortgage Trust, Inc. (NYSE:CMTG) has been given an average recommendation of “Reduce” by the six ratings firms that are presently covering the company, MarketBeat Ratings 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 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $4.31.

A number of equities research analysts recently issued reports on the stock. Wells Fargo & Company lowered their target price on shares of Claros Mortgage Trust from $8.00 to $3.00 and set an “underweight” rating for the company in a report on Tuesday, February 25th. Keefe, Bruyette & Woods dropped their price objective on Claros Mortgage Trust from $4.00 to $2.50 and set an “underperform” rating on the stock in a report on Thursday, February 27th. Finally, UBS Group decreased their price target on shares of Claros Mortgage Trust from $6.00 to $5.25 and set a “buy” rating for the company in a research report on Tuesday, February 25th.

Insider Activity at Claros Mortgage Trust

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

Institutional Investors Weigh In On Claros Mortgage Trust

A number of hedge funds have recently added to or reduced their stakes in the stock. Arlington Trust Co LLC acquired a new stake in shares of Claros Mortgage Trust in the 4th quarter worth about $43,000. Townsquare Capital LLC acquired a new stake in shares of Claros Mortgage Trust in the fourth quarter valued at approximately $46,000. BNP Paribas Financial Markets acquired a new stake in shares of Claros Mortgage Trust in the fourth quarter valued at approximately $46,000. Squarepoint Ops LLC acquired a new position in shares of Claros Mortgage Trust during the fourth quarter worth approximately $46,000. Finally, Proficio Capital Partners LLC acquired a new position in shares of Claros Mortgage Trust during the fourth quarter worth approximately $47,000. 89.53% of the stock is currently owned by institutional investors.

Claros Mortgage Trust Stock Down 3.7 %

Shares of NYSE:CMTG opened at $3.77 on Wednesday. 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 stock has a market cap of $524.70 million, a P/E ratio of -2.37 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 200 day moving average price of $5.18.

Claros Mortgage Trust (NYSE:CMTG) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.03. The firm 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%. Sell-side analysts predict that Claros Mortgage Trust will post 0.27 EPS 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.