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

Claros Mortgage Trust (NYSE:CMTG) had its price target cut by UBS Group from $6.00 to $5.25 in a research note released on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

Several other equities analysts have also commented on the stock. Keefe, Bruyette & Woods dropped their price target 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. Wells Fargo & Company lowered their price objective on shares of Claros Mortgage Trust from $8.00 to $3.00 and set an “underweight” rating for the company in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $4.31.

Claros Mortgage Trust Price Performance

CMTG stock opened at $2.29 on Tuesday. The stock has a market capitalization of $318.44 million, a price-to-earnings ratio of -1.44 and a beta of 1.57. The stock’s fifty day simple moving average is $3.62 and its 200-day simple moving average is $5.86. Claros Mortgage Trust has a 52-week low of $2.25 and a 52-week high of $10.15. 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) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $60.23 million for the quarter, compared to analyst estimates of $58.07 million. Equities research 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 business. Blue Trust Inc. grew its stake 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 worth $43,000 after buying an additional 5,177 shares during the period. Arlington Trust Co LLC acquired a new position in shares of Claros Mortgage Trust during the 4th quarter valued at $43,000. Townsquare Capital LLC purchased a new stake in Claros Mortgage Trust during the 4th quarter worth $46,000. BNP Paribas Financial Markets purchased a new stake in Claros Mortgage Trust during the 4th quarter worth $46,000. Finally, Squarepoint Ops LLC acquired a new stake in Claros Mortgage Trust in the 4th quarter valued at $46,000. Hedge funds and other 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.