Analysts Set Claros Mortgage Trust, Inc. (NYSE:CMTG) Price Target at $3.94

Shares of Claros Mortgage Trust, Inc. (NYSE:CMTG - Get Free Report) have been assigned a consensus rating of "Reduce" from the five ratings firms that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $3.94.

Several equities research analysts recently weighed in on CMTG shares. Keefe, Bruyette & Woods reduced their price target on shares of Claros Mortgage Trust from $2.50 to $2.25 and set an "underperform" rating on the stock in a research report on Monday, May 12th. UBS Group restated a "buy" rating and issued a $4.00 target price (up from $3.50) on shares of Claros Mortgage Trust in a report on Wednesday, May 21st. Finally, Wells Fargo & Company lowered their price target 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.

Institutional Investors Weigh In On Claros Mortgage Trust

Institutional investors have recently made changes to their positions in the company. Arlington Trust Co LLC purchased a new stake in Claros Mortgage Trust in the 4th quarter worth about $43,000. BNP Paribas Financial Markets purchased a new stake in shares of Claros Mortgage Trust in the fourth quarter worth approximately $46,000. Townsquare Capital LLC purchased a new stake in shares of Claros Mortgage Trust in the fourth quarter worth approximately $46,000. Squarepoint Ops LLC bought a new stake in shares of Claros Mortgage Trust during the 4th quarter worth approximately $46,000. Finally, Envestnet Asset Management Inc. purchased a new position in Claros Mortgage Trust during the 4th quarter valued at $47,000. Institutional investors own 89.53% of the company's stock.

Claros Mortgage Trust Price Performance

Shares of CMTG traded down $0.01 during midday trading on Monday, hitting $3.09. 544,064 shares of the company traded hands, compared to its average volume of 690,322. The stock has a market cap of $431.96 million, a price-to-earnings ratio of -1.94 and a beta of 1.17. The firm has a 50 day moving average of $2.54 and a 200-day moving average of $3.54. The company has a debt-to-equity ratio of 2.08, a quick ratio of 20.68 and a current ratio of 25.67. Claros Mortgage Trust has a 52 week low of $2.13 and a 52 week high of $9.81.

Claros Mortgage Trust (NYSE:CMTG - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported ($0.25) earnings per share for the quarter, beating the consensus estimate of ($0.32) by $0.07. The business had revenue of $44.50 million during the quarter, compared to analysts' expectations of $41.91 million. Claros Mortgage Trust had a positive return on equity of 4.72% and a negative net margin of 89.07%. On average, analysts forecast that Claros Mortgage Trust will post 0.27 EPS 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.