Claros Mortgage Trust (NYSE:CMTG) Stock Rating Lowered by Wall Street Zen

Claros Mortgage Trust (NYSE:CMTG) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

CMTG has been the subject of a number of other reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Claros Mortgage Trust in a research report on Monday, December 29th. Keefe, Bruyette & Woods cut their price target on Claros Mortgage Trust from $3.25 to $3.00 and set an “underperform” rating on the stock in a research note on Thursday, January 8th. Wells Fargo & Company lowered their price objective on shares of Claros Mortgage Trust from $3.00 to $2.50 and set an “underweight” rating for the company in a research note on Friday. Finally, UBS Group dropped their target price on shares of Claros Mortgage Trust from $4.50 to $4.00 and set a “buy” rating on the stock in a report on Friday, November 14th. One investment analyst has rated the stock with a Buy rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Claros Mortgage Trust has a consensus rating of “Reduce” and an average target price of $3.17.

Claros Mortgage Trust Price Performance

Claros Mortgage Trust stock opened at $2.37 on Friday. The company has a debt-to-equity ratio of 1.72, a current ratio of 21.44 and a quick ratio of 26.00. The stock has a market cap of $331.62 million, a price-to-earnings ratio of -0.68 and a beta of 1.20. The firm has a 50-day moving average of $2.89 and a two-hundred day moving average of $3.22. Claros Mortgage Trust has a 1 year low of $2.13 and a 1 year high of $4.30.

Hedge Funds Weigh In On Claros Mortgage Trust

Large investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its holdings in shares of Claros Mortgage Trust by 75.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 8,938 shares of the company’s stock valued at $25,000 after buying an additional 3,854 shares in the last quarter. Focus Partners Wealth bought a new position in shares of Claros Mortgage Trust during the 3rd quarter worth approximately $34,000. Wealth Enhancement Advisory Services LLC purchased a new stake in Claros Mortgage Trust during the third quarter valued at approximately $34,000. Mariner LLC purchased a new stake in Claros Mortgage Trust during the fourth quarter valued at approximately $38,000. Finally, May Hill Capital LLC acquired a new stake in Claros Mortgage Trust in the second quarter valued at approximately $39,000. 89.53% of the stock is currently owned by institutional investors.

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.