Claros Mortgage Trust (NYSE:CMTG) Trading 0.5% Higher – Here’s Why

Shares of Claros Mortgage Trust, Inc. (NYSE:CMTG) were up 0.5% on Tuesday . The company traded as high as $3.09 and last traded at $3.0750. Approximately 341,715 shares were traded during mid-day trading, an increase of 3% from the average daily volume of 333,346 shares. The stock had previously closed at $3.06.

Wall Street Analyst Weigh In

CMTG has been the subject of a number of recent research reports. UBS Group cut their price target on Claros Mortgage Trust from $4.50 to $4.00 and set a “buy” rating for the company in a research note on Friday, November 14th. Wall Street Zen raised shares of Claros Mortgage Trust from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Claros Mortgage Trust in a report on Monday. One equities research analyst has rated the stock with a Buy rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $3.33.

Claros Mortgage Trust Stock Up 0.5%

The company has a market capitalization of $431.17 million, a PE ratio of -1.16 and a beta of 1.19. The company’s fifty day moving average is $3.25 and its 200-day moving average is $3.30. The company has a debt-to-equity ratio of 1.79, a quick ratio of 26.00 and a current ratio of 26.00.

Claros Mortgage Trust (NYSE:CMTG) last issued its quarterly earnings results on Friday, March 3rd. The company reported $0.38 earnings per share for the quarter. The business had revenue of $84.11 million for the quarter. Claros Mortgage Trust had a negative net margin of 184.07% and a negative return on equity of 7.99%. As a group, analysts predict that Claros Mortgage Trust, Inc. will post 0.27 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of CMTG. Verition Fund Management LLC raised its holdings in Claros Mortgage Trust by 201.0% during the third quarter. Verition Fund Management LLC now owns 172,546 shares of the company’s stock valued at $573,000 after acquiring an additional 115,221 shares during the period. Focus Partners Wealth purchased a new stake in shares of Claros Mortgage Trust during the third quarter worth about $34,000. Centiva Capital LP bought a new stake in Claros Mortgage Trust during the 3rd quarter valued at approximately $92,000. Algert Global LLC raised its stake in Claros Mortgage Trust by 880.8% during the 3rd quarter. Algert Global LLC now owns 383,686 shares of the company’s stock valued at $1,274,000 after purchasing an additional 344,566 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC lifted its holdings in Claros Mortgage Trust by 53.9% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,805,395 shares of the company’s stock worth $5,994,000 after purchasing an additional 632,105 shares in the last quarter. Institutional investors own 89.53% of the company’s stock.

About Claros Mortgage Trust

Claros Mortgage Trust is a specialty finance company structured as a real estate investment trust that acquires and manages a portfolio of newly originated, conventional residential mortgage loans guaranteed or insured by U.S. government‐sponsored enterprises. The company concentrates on Agency collateral, including loans backed by Ginnie Mae, Fannie Mae and Freddie Mac, aiming to generate current income while preserving capital through high‐quality, credit‐enhanced assets.

Under an external management agreement with Claros Mortgage Capital Advisors LLC, the firm leverages a seasoned team to source, underwrite and service mortgage assets.