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

Key Points

• Claros Mortgage Trust, Inc. received an average rating of "Reduce" from five research firms, with three analysts issuing sell ratings and only one analyst rating the stock as buy.
• The current price objective set by analysts for the stock is $4.1250, while shares recently traded at $3.33.
• Institutional ownership is significant, with 89.53% of the stock held by hedge funds and institutional investors, indicating strong interest from larger investment entities.

Shares of Claros Mortgage Trust, Inc. (NYSE:CMTG - Get Free Report) have received an average rating of "Reduce" from the five research firms that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $4.1250.

A number of equities analysts recently weighed in on the company. Keefe, Bruyette & Woods upped their price target on Claros Mortgage Trust from $2.75 to $3.00 and gave the stock an "underperform" rating in a report on Tuesday, August 12th. Weiss Ratings reissued a "sell (d-)" rating on shares of Claros Mortgage Trust in a report on Saturday, September 27th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets raised its holdings in Claros Mortgage Trust by 75.8% during the second quarter. BNP Paribas Financial Markets now owns 8,938 shares of the company's stock worth $25,000 after purchasing an additional 3,854 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in Claros Mortgage Trust by 119.8% during the second quarter. Public Employees Retirement System of Ohio now owns 9,860 shares of the company's stock worth $28,000 after purchasing an additional 5,374 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in Claros Mortgage Trust during the fourth quarter worth approximately $46,000. May Hill Capital LLC acquired a new stake in Claros Mortgage Trust during the second quarter worth approximately $39,000. Finally, Farther Finance Advisors LLC raised its holdings in Claros Mortgage Trust by 342.3% during the second quarter. Farther Finance Advisors LLC now owns 14,195 shares of the company's stock worth $40,000 after purchasing an additional 10,986 shares in the last quarter. 89.53% of the stock is currently owned by hedge funds and other institutional investors.

Claros Mortgage Trust Stock Performance

Shares of CMTG traded up $0.03 during mid-day trading on Friday, reaching $3.33. The company had a trading volume of 226,717 shares, compared to its average volume of 674,215. Claros Mortgage Trust has a 52-week low of $2.13 and a 52-week high of $7.72. The company has a quick ratio of 30.23, a current ratio of 30.23 and a debt-to-equity ratio of 1.92. The stock has a market capitalization of $464.90 million, a P/E ratio of -1.12 and a beta of 1.20. The stock has a 50 day moving average of $3.46 and a two-hundred day moving average of $3.09.

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.

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