Claros Mortgage Trust (NYSE:CMTG) Earns Sell (D) Rating from Weiss Ratings

Key Points

• Claros Mortgage Trust has received a "sell (D)" rating from Weiss Ratings, reflecting a bearish outlook on the stock.
• Keefe, Bruyette & Woods has increased the price target for Claros Mortgage Trust from $2.75 to $3.00 but maintains an "underperform" rating.
• The stock has a consensus rating of "Reduce" with an average price target of $4.13, while currently trading at $3.36.

Claros Mortgage Trust (NYSE:CMTG - Get Free Report)'s stock had its "sell (d)" rating reissued by equities research analysts at Weiss Ratings in a note issued to investors on Tuesday,Weiss Ratings reports.

Separately, Keefe, Bruyette & Woods lifted their price objective on Claros Mortgage Trust from $2.75 to $3.00 and gave the company an "underperform" rating in a research note on Tuesday, August 12th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Claros Mortgage Trust has a consensus rating of "Reduce" and an average price target of $4.13.

Claros Mortgage Trust Stock Performance

Shares of NYSE CMTG traded up $0.07 during mid-day trading on Tuesday, hitting $3.36. The company had a trading volume of 79,474 shares, compared to its average volume of 910,300. The company has a market capitalization of $469.66 million, a price-to-earnings ratio of -1.13 and a beta of 1.20. Claros Mortgage Trust has a 1 year low of $2.13 and a 1 year high of $7.72. The company has a current ratio of 30.23, a quick ratio of 30.23 and a debt-to-equity ratio of 1.92. The stock's 50-day moving average price is $3.49 and its 200-day moving average price is $3.04.

Claros Mortgage Trust (NYSE:CMTG - Get Free Report) last announced its quarterly earnings results on Friday, March 3rd. The company reported $0.38 earnings per share for the quarter. The company had revenue of $84.11 million during the quarter. Claros Mortgage Trust had a negative return on equity of 5.11% and a negative net margin of 189.56%. On average, sell-side analysts forecast that Claros Mortgage Trust will post 0.27 earnings per share for the current year.

Institutional Investors Weigh In On Claros Mortgage Trust

A number of hedge funds and other institutional investors have recently modified their holdings of CMTG. BNP Paribas Financial Markets lifted its stake in shares of Claros Mortgage Trust by 75.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 8,938 shares of the company's stock valued at $25,000 after acquiring an additional 3,854 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of Claros Mortgage Trust by 119.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 9,860 shares of the company's stock valued at $28,000 after acquiring an additional 5,374 shares during the last quarter. May Hill Capital LLC bought a new stake in shares of Claros Mortgage Trust in the 2nd quarter valued at about $39,000. Farther Finance Advisors LLC lifted its stake in shares of Claros Mortgage Trust by 342.3% in the 2nd quarter. Farther Finance Advisors LLC now owns 14,195 shares of the company's stock valued at $40,000 after acquiring an additional 10,986 shares during the last quarter. Finally, Catalyst Funds Management Pty Ltd bought a new stake in shares of Claros Mortgage Trust in the 2nd quarter valued at about $41,000. Institutional investors own 89.53% of the company's stock.

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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