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

Shares of Claros Mortgage Trust, Inc. (NYSE:CMTG) have been assigned a consensus recommendation of “Reduce” from the six research firms that are currently covering the stock, MarketBeat reports. Two 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 brokerages that have issued ratings on the stock in the last year is $4.31.

A number of equities analysts have issued reports on CMTG shares. Wells Fargo & Company decreased their price target 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. Keefe, Bruyette & Woods lowered their target price 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 cut 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 report on Tuesday, February 25th.

Insider Buying and Selling

In related news, CEO Richard Mack purchased 115,000 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The stock was acquired at an average price of $3.19 per share, for a total transaction of $366,850.00. Following the transaction, 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 SEC, which is available at the SEC website. Also, CFO Mike Mcgillis purchased 24,115 shares of the company’s stock in a transaction that occurred 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 purchase, the chief financial officer now directly owns 475,945 shares in the company, valued at $1,570,618.50. This represents a 5.34 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 169,115 shares of company stock worth $547,930 in the last three months. 1.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Claros Mortgage Trust

Large investors have recently made changes to their positions in the company. Koch Inc. purchased a new position in Claros Mortgage Trust during the 4th quarter worth approximately $68,374,000. Geode Capital Management LLC boosted its position in shares of Claros Mortgage Trust by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 2,330,895 shares of the company’s stock worth $10,538,000 after buying an additional 10,835 shares during the period. State Street Corp grew its holdings in shares of 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 in the last quarter. Charles Schwab Investment Management Inc. raised its position in Claros Mortgage Trust by 19.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,679,701 shares of the company’s stock valued at $7,592,000 after buying an additional 277,053 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in Claros Mortgage Trust by 35.5% in the 4th quarter. JPMorgan Chase & Co. now owns 649,674 shares of the company’s stock worth $2,937,000 after acquiring an additional 170,244 shares in the last quarter. Institutional investors and hedge funds own 89.53% of the company’s stock.

Claros Mortgage Trust Stock Performance

CMTG stock opened at $3.77 on Wednesday. The company has a market capitalization of $524.70 million, a P/E ratio of -2.37 and a beta of 1.62. The company has a quick ratio of 20.68, a current ratio of 25.67 and a debt-to-equity ratio of 2.08. The company has a 50-day simple moving average of $3.30 and a 200 day simple moving average of $5.18. Claros Mortgage Trust has a fifty-two week low of $2.13 and a fifty-two week high of $9.81.

Claros Mortgage Trust (NYSE:CMTG) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $58.07 million. Sell-side analysts predict that Claros Mortgage Trust will post 0.27 earnings per share for the current fiscal 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.