UBS Group Lowers Claros Mortgage Trust (NYSE:CMTG) Price Target to $5.25

Claros Mortgage Trust (NYSE:CMTG) had its price objective decreased by UBS Group from $6.00 to $5.25 in a research note published on Tuesday,Benzinga reports. UBS Group currently has a buy rating on the stock.

Other analysts have also recently issued reports about the company. Keefe, Bruyette & Woods lowered their price objective on Claros Mortgage Trust from $6.50 to $4.00 and set an “underperform” rating on the stock in a research report on Tuesday, January 14th. Wells Fargo & Company lowered 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. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $4.69.

Claros Mortgage Trust Price Performance

Shares of Claros Mortgage Trust stock opened at $2.57 on Tuesday. 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 company has a market cap of $357.47 million, a PE ratio of -1.61 and a beta of 1.57. The firm has a fifty day moving average price of $3.66 and a two-hundred day moving average price of $5.88. Claros Mortgage Trust has a fifty-two week low of $2.56 and a fifty-two week high of $10.15.

Claros Mortgage Trust (NYSE:CMTG) last released its earnings results on Wednesday, February 19th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.03. Claros Mortgage Trust had a negative net margin of 89.07% and a positive return on equity of 4.72%. The business had revenue of $60.23 million during the quarter, compared to analysts’ expectations of $58.07 million. Analysts expect that Claros Mortgage Trust will post 0.27 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. State Street Corp grew its holdings in shares of Claros Mortgage Trust by 0.3% in the 3rd quarter. State Street Corp now owns 2,165,863 shares of the company’s stock worth $16,436,000 after purchasing an additional 6,882 shares during the last quarter. Barclays PLC grew its stake in Claros Mortgage Trust by 332.1% during the third quarter. Barclays PLC now owns 138,291 shares of the company’s stock worth $1,037,000 after buying an additional 106,289 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Claros Mortgage Trust by 236.4% during the third quarter. JPMorgan Chase & Co. now owns 479,430 shares of the company’s stock worth $3,591,000 after buying an additional 336,931 shares in the last quarter. Atria Investments Inc raised its stake in shares of Claros Mortgage Trust by 29.2% in the third quarter. Atria Investments Inc now owns 25,743 shares of the company’s stock valued at $193,000 after acquiring an additional 5,823 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Claros Mortgage Trust by 15.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,402,648 shares of the company’s stock worth $10,506,000 after acquiring an additional 188,950 shares in the last quarter. 89.53% of the stock is currently owned by institutional investors and hedge funds.

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.