Claros Mortgage Trust (NYSE:CMTG) Now Covered by Analysts at UBS Group

UBS Group assumed coverage on shares of Claros Mortgage Trust (NYSE:CMTG) in a research note published on Thursday morning, MarketBeat reports. The firm issued a neutral rating and a $2.75 price target on the stock.

A number of other equities analysts have also recently weighed in on CMTG. Keefe, Bruyette & Woods dropped their price target on Claros Mortgage Trust from $2.50 to $2.25 and set an “underperform” rating on the stock in a research note on Wednesday, May 13th. Wall Street Zen upgraded shares of Claros Mortgage Trust from a “sell” rating to a “hold” rating in a report on Saturday, July 4th. Finally, Weiss Ratings cut shares of Claros Mortgage Trust from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, July 1st. One equities research analyst has rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Strong Sell” and an average price target of $2.50.

Claros Mortgage Trust Stock Performance

CMTG opened at $2.33 on Thursday. The company has a quick ratio of 21.44, a current ratio of 21.44 and a debt-to-equity ratio of 1.53. The firm has a market cap of $327.41 million, a PE ratio of -0.70 and a beta of 1.13. The business has a fifty day simple moving average of $2.36 and a 200-day simple moving average of $2.52. Claros Mortgage Trust has a fifty-two week low of $2.05 and a fifty-two week high of $3.99.

Claros Mortgage Trust (NYSE:CMTG) last announced its earnings results on Wednesday, May 6th. The company reported ($0.52) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.28). Claros Mortgage Trust had a negative return on equity of 19.34% and a negative net margin of 267.14%.The company had revenue of $29.52 million for the quarter, compared to analyst estimates of $36.94 million. As a group, equities analysts predict that Claros Mortgage Trust will post -1.66 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Hotchkis & Wiley Capital Management LLC raised its position in Claros Mortgage Trust by 53.9% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,805,395 shares of the company’s stock valued at $5,994,000 after buying an additional 632,105 shares during the period. LM Asset Management Inc. acquired a new stake in Claros Mortgage Trust during the 4th quarter worth about $1,634,000. Charles Schwab Investment Management Inc. grew its stake in Claros Mortgage Trust by 11.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,621,983 shares of the company’s stock valued at $11,083,000 after acquiring an additional 383,859 shares in the last quarter. Balyasny Asset Management L.P. grew its stake in Claros Mortgage Trust by 22.9% during the 2nd quarter. Balyasny Asset Management L.P. now owns 1,946,597 shares of the company’s stock valued at $5,548,000 after acquiring an additional 362,130 shares in the last quarter. Finally, Algert Global LLC increased its holdings in shares of Claros Mortgage Trust by 880.8% in 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. Hedge funds and other 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.