Claros Mortgage Trust, Inc. (NYSE:CMTG) Given Average Recommendation of "Reduce" by Brokerages

Claros Mortgage Trust, Inc. (NYSE:CMTG - Get Free Report) has earned a consensus rating of "Reduce" from the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $3.94.

A number of equities research analysts have issued reports on CMTG shares. Keefe, Bruyette & Woods reduced their target price on shares of Claros Mortgage Trust from $2.50 to $2.25 and set an "underperform" rating on the stock in a report on Monday, May 12th. Wells Fargo & Company decreased their target price on Claros Mortgage Trust from $8.00 to $3.00 and set an "underweight" rating for the company in a report on Tuesday, February 25th. Finally, UBS Group reaffirmed a "buy" rating and issued a $4.00 price target (up previously from $3.50) on shares of Claros Mortgage Trust in a research report on Wednesday, May 21st.

Insider Activity

In related news, CEO Richard Mack purchased 25,000 shares of the business's stock in a transaction dated Wednesday, March 12th. The stock was acquired at an average price of $3.38 per share, for a total transaction of $84,500.00. Following the acquisition, the chief executive officer now directly owns 2,589,981 shares of the company's stock, valued at $8,754,135.78. This trade represents a 0.97% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Mike Mcgillis acquired 24,115 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The shares were bought at an average cost of $3.30 per share, for a total transaction of $79,579.50. Following the acquisition, the chief financial officer now owns 475,945 shares of the company's stock, 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 acquired 54,115 shares of company stock valued at $181,080 in the last ninety days. 1.40% of the stock is currently owned by company insiders.

Institutional Trading of Claros Mortgage Trust

Several large investors have recently bought and sold shares of CMTG. SG Americas Securities LLC boosted its position in shares of Claros Mortgage Trust by 18.4% in the 4th quarter. SG Americas Securities LLC now owns 23,769 shares of the company's stock worth $107,000 after buying an additional 3,694 shares in the last quarter. Sei Investments Co. raised its position in shares of Claros Mortgage Trust by 19.0% during the 4th quarter. Sei Investments Co. now owns 23,828 shares of the company's stock worth $108,000 after purchasing an additional 3,800 shares during the last quarter. MetLife Investment Management LLC grew its holdings in Claros Mortgage Trust by 10.5% during the 1st quarter. MetLife Investment Management LLC now owns 52,762 shares of the company's stock valued at $197,000 after buying an additional 5,016 shares during the last quarter. ProShare Advisors LLC increased its position in Claros Mortgage Trust by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 24,311 shares of the company's stock worth $110,000 after buying an additional 7,999 shares in the last quarter. Finally, Arlington Trust Co LLC acquired a new position in shares of Claros Mortgage Trust in the fourth quarter worth $43,000. Institutional investors and hedge funds own 89.53% of the company's stock.

Claros Mortgage Trust Trading Up 0.5%

NYSE CMTG traded up $0.02 on Monday, reaching $3.00. The stock had a trading volume of 584,286 shares, compared to its average volume of 686,490. 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 stock has a fifty day moving average price of $2.54 and a two-hundred day moving average price of $3.55. Claros Mortgage Trust has a 12-month low of $2.13 and a 12-month high of $9.81. The firm has a market capitalization of $418.68 million, a price-to-earnings ratio of -1.88 and a beta of 1.17.

Claros Mortgage Trust (NYSE:CMTG - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported ($0.25) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.32) by $0.07. Claros Mortgage Trust had a positive return on equity of 4.72% and a negative net margin of 89.07%. The firm had revenue of $44.50 million for the quarter, compared to the consensus estimate of $41.91 million. As a group, sell-side analysts forecast 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.