Claros Mortgage Trust, Inc. (NYSE:CMTG) Given Consensus Recommendation of “Reduce” by Brokerages

Claros Mortgage Trust, Inc. (NYSE:CMTG) has been assigned a consensus recommendation of “Reduce” from the six research firms that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $6.13.

A number of equities analysts have weighed in on the company. UBS Group upgraded Claros Mortgage Trust from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $8.00 to $6.00 in a research note on Friday, January 10th. Keefe, Bruyette & Woods reduced their price target on 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. Finally, JPMorgan Chase & Co. lowered their price objective on Claros Mortgage Trust from $9.00 to $6.50 and set a “neutral” rating on the stock in a research report on Thursday, October 17th.

Claros Mortgage Trust Trading Down 2.0 %

Shares of Claros Mortgage Trust stock opened at $3.23 on Tuesday. The stock has a market cap of $449.45 million, a PE ratio of -5.12 and a beta of 1.57. The firm has a fifty day moving average price of $4.45 and a 200 day moving average price of $6.39. Claros Mortgage Trust has a 1 year low of $3.14 and a 1 year high of $10.37. The company has a debt-to-equity ratio of 2.11, a current ratio of 20.68 and a quick ratio of 20.68.

Hedge Funds Weigh In On Claros Mortgage Trust

A number of large investors have recently bought and sold shares of the business. Proficio Capital Partners LLC acquired a new stake in Claros Mortgage Trust in the fourth quarter valued at approximately $47,000. Charles Schwab Investment Management Inc. grew its stake in Claros Mortgage Trust by 19.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,679,701 shares of the company’s stock valued at $7,592,000 after acquiring an additional 277,053 shares during the period. Los Angeles Capital Management LLC purchased a new stake in Claros Mortgage Trust in the 4th quarter worth $78,000. Bank of New York Mellon Corp raised its position in Claros Mortgage Trust by 62.1% during the fourth quarter. Bank of New York Mellon Corp now owns 568,754 shares of the company’s stock worth $2,571,000 after acquiring an additional 217,989 shares during the period. Finally, Blue Trust Inc. lifted its holdings in Claros Mortgage Trust by 501.4% during the fourth quarter. Blue Trust Inc. now owns 32,509 shares of the company’s stock valued at $147,000 after purchasing an additional 27,103 shares in the last quarter. Institutional investors and hedge funds 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.