Claros Mortgage Trust, Inc. (NYSE:CMTG) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in shares of Claros Mortgage Trust, Inc. (NYSE:CMTG) by 6.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 212,681 shares of the company’s stock after selling 14,082 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.15% of Claros Mortgage Trust worth $961,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in CMTG. Arlington Trust Co LLC acquired a new position in Claros Mortgage Trust during the fourth quarter worth $43,000. Townsquare Capital LLC acquired a new position in Claros Mortgage Trust during the fourth quarter worth $46,000. BNP Paribas Financial Markets acquired a new position in Claros Mortgage Trust during the fourth quarter worth $46,000. Squarepoint Ops LLC acquired a new position in Claros Mortgage Trust during the fourth quarter worth $46,000. Finally, Proficio Capital Partners LLC acquired a new position in Claros Mortgage Trust during the fourth quarter worth $47,000. 89.53% of the stock is currently owned by institutional investors and hedge funds.

Claros Mortgage Trust Price Performance

Claros Mortgage Trust stock opened at $3.00 on Wednesday. Claros Mortgage Trust, Inc. has a 52-week low of $2.13 and a 52-week high of $9.81. The firm has a market capitalization of $418.68 million, a price-to-earnings ratio of -1.88 and a beta of 1.17. The company has a fifty day simple moving average of $2.54 and a 200-day simple moving average of $3.54. 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 announced its quarterly earnings data on Wednesday, May 7th. The company reported ($0.25) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.32) by $0.07. Claros Mortgage Trust had a negative net margin of 89.07% and a positive return on equity of 4.72%. The firm had revenue of $44.50 million during the quarter, compared to analyst estimates of $41.91 million. On average, equities analysts anticipate that Claros Mortgage Trust, Inc. will post 0.27 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company dropped their target price on shares of Claros Mortgage Trust from $8.00 to $3.00 and set an “underweight” rating for the company in a report on Tuesday, February 25th. UBS Group reaffirmed a “buy” rating and set a $4.00 target price (up previously from $3.50) on shares of Claros Mortgage Trust in a report on Wednesday, May 21st. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Claros Mortgage Trust from $2.50 to $2.25 and set an “underperform” rating for the company in a report on Monday, May 12th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $3.94.

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.