Claros Mortgage Trust, Inc. (NYSE:CMTG) Receives $4.31 Average Price Target from Analysts

Shares of Claros Mortgage Trust, Inc. (NYSE:CMTG) have earned an average recommendation of “Reduce” from the six analysts that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $4.31.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CMTG. State Street Corp increased its holdings in Claros Mortgage Trust by 0.3% during the third quarter. State Street Corp now owns 2,165,863 shares of the company’s stock valued at $16,436,000 after buying an additional 6,882 shares during the last quarter. Barclays PLC raised its stake in Claros Mortgage Trust by 332.1% during the 3rd quarter. Barclays PLC now owns 138,291 shares of the company’s stock worth $1,037,000 after acquiring an additional 106,289 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Claros Mortgage Trust by 236.4% in the third quarter. JPMorgan Chase & Co. now owns 479,430 shares of the company’s stock worth $3,591,000 after purchasing an additional 336,931 shares during the period. Atria Investments Inc increased its stake in shares of Claros Mortgage Trust by 29.2% in the third quarter. Atria Investments Inc now owns 25,743 shares of the company’s stock worth $193,000 after purchasing an additional 5,823 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Claros Mortgage Trust by 15.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,402,648 shares of the company’s stock valued at $10,506,000 after purchasing an additional 188,950 shares during the period. Institutional investors own 89.53% of the company’s stock.

Claros Mortgage Trust Stock Down 5.2 %

Shares of NYSE CMTG opened at $2.21 on Friday. The stock has a market capitalization of $307.99 million, a P/E ratio of -1.39 and a beta of 1.57. The firm’s 50 day simple moving average is $3.54 and its two-hundred day simple moving average is $5.77. Claros Mortgage Trust has a one year low of $2.17 and a one year high of $10.15. 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 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%. As a group, analysts expect that Claros Mortgage Trust will post 0.27 EPS for the current fiscal 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.