Claros Mortgage Trust (NYSE:CMTG) Cut to Sell at Wall Street Zen

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

Several other equities analysts also recently issued reports on the stock. Wells Fargo & Company cut their price objective on shares of Claros Mortgage Trust from $3.00 to $2.50 and set an “underweight” rating on the stock in a report on Friday. 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 research report on Friday, November 14th. Weiss Ratings restated a “sell (d)” rating on shares of Claros Mortgage Trust in a research note on Monday, December 29th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Claros Mortgage Trust from $3.25 to $3.00 and set an “underperform” rating for the company in a report on Thursday, January 8th. One research analyst has rated the stock with a Buy rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $3.17.

Claros Mortgage Trust Trading Down 9.0%

Shares of NYSE:CMTG opened at $2.37 on Friday. The business’s 50-day moving average is $2.89 and its 200 day moving average is $3.22. The company has a debt-to-equity ratio of 1.72, a current ratio of 21.44 and a quick ratio of 26.00. Claros Mortgage Trust has a 1 year low of $2.13 and a 1 year high of $4.30. The firm has a market capitalization of $331.62 million, a P/E ratio of -0.68 and a beta of 1.20.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CMTG. BNP Paribas Financial Markets boosted its holdings in Claros Mortgage Trust by 75.8% in the second quarter. BNP Paribas Financial Markets now owns 8,938 shares of the company’s stock valued at $25,000 after purchasing an additional 3,854 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Claros Mortgage Trust in the 3rd quarter valued at about $34,000. Focus Partners Wealth purchased a new stake in shares of Claros Mortgage Trust in the third quarter worth about $34,000. Mariner LLC acquired a new stake in Claros Mortgage Trust during the fourth quarter worth about $38,000. Finally, May Hill Capital LLC purchased a new position in Claros Mortgage Trust during the second quarter valued at approximately $39,000. Hedge funds and other institutional investors own 89.53% of the company’s stock.

Claros Mortgage Trust Company Profile

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.