UBS Group Reaffirms Buy Rating for Claros Mortgage Trust (NYSE:CMTG)

Claros Mortgage Trust (NYSE:CMTG - Get Free Report)'s stock had its "buy" rating reiterated by UBS Group in a research note issued to investors on Wednesday, MarketBeat reports. They presently have a $4.00 price objective on the stock, up from their prior price objective of $3.50. UBS Group's price target suggests a potential upside of 69.49% from the company's previous close.

A number of other equities research analysts have also issued reports on CMTG. Wells Fargo & Company cut their price target on shares of Claros Mortgage Trust from $8.00 to $3.00 and set an "underweight" rating on the stock in a report on Tuesday, February 25th. Keefe, Bruyette & Woods cut 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 report on Monday, May 12th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $3.94.

Claros Mortgage Trust Price Performance

Shares of NYSE:CMTG opened at $2.36 on Wednesday. The stock has a market cap of $328.90 million, a PE ratio of -1.48 and a beta of 1.17. The company's fifty day moving average is $2.85 and its 200 day moving average is $3.95. Claros Mortgage Trust has a 52 week low of $2.13 and a 52 week high of $9.81. The company has a quick ratio of 20.68, a current ratio of 25.67 and a debt-to-equity ratio of 2.08.

Claros Mortgage Trust (NYSE:CMTG - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported ($0.25) EPS for the quarter, topping analysts' consensus estimates 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%. Research analysts anticipate that Claros Mortgage Trust will post 0.27 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Richard Mack bought 25,000 shares of the business's stock in a transaction dated Wednesday, March 12th. The shares were purchased at an average price of $3.38 per share, with a total value 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 trade represents a 0.97% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Mike Mcgillis bought 24,115 shares of the business's stock in a transaction dated 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 purchase, the chief financial officer now directly owns 475,945 shares in the company, valued at approximately $1,570,618.50. This represents a 5.34% increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 169,115 shares of company stock valued at $547,930 in the last quarter. Insiders own 1.40% of the company's stock.

Institutional Investors Weigh In On Claros Mortgage Trust

Large investors have recently modified their holdings of the stock. Arlington Trust Co LLC bought a new stake in shares of Claros Mortgage Trust during the 4th quarter valued at about $43,000. Townsquare Capital LLC bought a new stake in Claros Mortgage Trust during the fourth quarter worth about $46,000. BNP Paribas Financial Markets bought a new stake in Claros Mortgage Trust during the fourth quarter worth about $46,000. Squarepoint Ops LLC bought a new stake in Claros Mortgage Trust during the fourth quarter worth about $46,000. Finally, Proficio Capital Partners LLC bought a new stake in Claros Mortgage Trust during the fourth quarter worth about $47,000. 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.