Claros Mortgage Trust (NYSE:CMTG) Price Target Cut to $3.00 by Analysts at Wells Fargo & Company

Claros Mortgage Trust (NYSE:CMTG) had its price target decreased by Wells Fargo & Company from $8.00 to $3.00 in a report published on Tuesday,Benzinga reports. Wells Fargo & Company currently has an underweight rating on the stock.

Other analysts have also issued reports about the stock. UBS Group upgraded shares of Claros Mortgage Trust from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $8.00 to $6.00 in a research note on Friday, January 10th. Keefe, Bruyette & Woods cut their target price on shares of Claros Mortgage Trust from $6.50 to $4.00 and set an “underperform” rating for the company in a research report on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Claros Mortgage Trust currently has a consensus rating of “Hold” and a consensus price target of $4.31.

Claros Mortgage Trust Stock Performance

Shares of CMTG opened at $2.29 on Tuesday. The company has a market cap of $318.44 million, a price-to-earnings ratio of -1.44 and a beta of 1.57. The business’s fifty day simple moving average is $3.62 and its two-hundred day simple moving average is $5.86. Claros Mortgage Trust has a 12 month low of $2.25 and a 12 month high of $10.15. The company has a current ratio of 25.67, a quick ratio of 20.68 and a debt-to-equity ratio of 2.08.

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

Hedge Funds Weigh In On Claros Mortgage Trust

Several institutional investors have recently made changes to their positions in the business. Blue Trust Inc. grew its position in Claros Mortgage Trust by 2,260.7% during the third quarter. Blue Trust Inc. now owns 5,406 shares of the company’s stock valued at $43,000 after buying an additional 5,177 shares during the period. Arlington Trust Co LLC purchased a new position in shares of Claros Mortgage Trust during the 4th quarter worth $43,000. Townsquare Capital LLC purchased a new position in shares of Claros Mortgage Trust during the 4th quarter worth $46,000. BNP Paribas Financial Markets bought a new stake in shares of Claros Mortgage Trust during the 4th quarter valued at $46,000. Finally, Squarepoint Ops LLC bought a new position in Claros Mortgage Trust in the 4th quarter worth $46,000. 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.