Claros Mortgage Trust's (CMTG) "Buy" Rating Reiterated at UBS Group

Claros Mortgage Trust (NYSE:CMTG - Get Free Report)'s stock had its "buy" rating reaffirmed by equities research analysts at UBS Group in a research note issued on Wednesday, Marketbeat Ratings reports. They currently have a $4.00 price target on the stock, up from their prior price target of $3.50. UBS Group's price objective points to a potential upside of 70.58% from the company's current price.

CMTG has been the subject of several other reports. Wells Fargo & Company decreased 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. Keefe, Bruyette & Woods cut their target price on shares of Claros Mortgage Trust from $2.50 to $2.25 and set an "underperform" rating for the company in a research report on Monday, May 12th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $3.94.

Claros Mortgage Trust Stock Performance

Shares of CMTG traded down $0.01 during trading hours on Wednesday, reaching $2.35. 812,179 shares of the company's stock traded hands, compared to its average volume of 665,488. Claros Mortgage Trust has a twelve month low of $2.13 and a twelve month high of $9.81. The business's fifty day simple moving average is $2.81 and its two-hundred day simple moving average is $3.87. The company has a debt-to-equity ratio of 2.08, a current ratio of 25.67 and a quick ratio of 20.68. The firm has a market capitalization of $326.81 million, a price-to-earnings ratio of -1.47 and a beta of 1.17.

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

Insider Transactions at Claros Mortgage Trust

In other news, CFO Mike Mcgillis acquired 24,115 shares of the firm's stock in a transaction on Wednesday, March 12th. The shares were purchased at an average cost of $3.30 per share, with a total value of $79,579.50. Following the completion of the purchase, 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 ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Richard Mack acquired 25,000 shares of Claros Mortgage Trust stock in a transaction on Wednesday, March 12th. The stock was acquired at an average cost of $3.38 per share, for a total transaction of $84,500.00. Following the purchase, the chief executive officer now owns 2,589,981 shares of the company's stock, valued at approximately $8,754,135.78. This represents a 0.97% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders acquired 169,115 shares of company stock valued at $547,930. Company insiders own 1.40% of the company's stock.

Hedge Funds Weigh In On Claros Mortgage Trust

Hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC lifted its stake in Claros Mortgage Trust by 18.4% in the fourth quarter. SG Americas Securities LLC now owns 23,769 shares of the company's stock valued at $107,000 after buying an additional 3,694 shares during the period. Sei Investments Co. grew its stake 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 acquiring an additional 3,800 shares in the last quarter. MetLife Investment Management LLC increased its stake in Claros Mortgage Trust by 10.5% in 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 shares of Claros Mortgage Trust by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 24,311 shares of the company's stock valued at $110,000 after acquiring an additional 7,999 shares during the last quarter. Finally, Arlington Trust Co LLC bought a new stake in shares of Claros Mortgage Trust during the 4th quarter worth approximately $43,000. Institutional investors own 89.53% of the company's stock.

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.