Claros Mortgage Trust (NYSE:CMTG) Upgraded to Hold at Wall Street Zen

Claros Mortgage Trust (NYSE:CMTG) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

Several other research firms have also issued reports on CMTG. Keefe, Bruyette & Woods reduced their price target on shares of Claros Mortgage Trust from $2.50 to $2.25 and set an “underperform” rating on the stock in a research report on Wednesday, May 13th. Weiss Ratings downgraded Claros Mortgage Trust from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday. One investment analyst has rated the stock with a Buy rating and three have assigned a Sell rating to the stock. According to MarketBeat, Claros Mortgage Trust has a consensus rating of “Reduce” and a consensus target price of $2.92.

Claros Mortgage Trust Trading Up 0.2%

CMTG stock opened at $2.38 on Friday. The company’s 50-day simple moving average is $2.42 and its 200 day simple moving average is $2.58. Claros Mortgage Trust has a 52 week low of $2.05 and a 52 week high of $3.99. The company has a market capitalization of $333.02 million, a PE ratio of -0.72 and a beta of 1.13. The company has a debt-to-equity ratio of 1.53, a quick ratio of 21.44 and a current ratio of 21.44.

Claros Mortgage Trust (NYSE:CMTG) last announced its earnings results on Wednesday, May 6th. The company reported ($0.52) EPS for the quarter, missing the consensus estimate 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 business had revenue of $29.52 million for the quarter, compared to the consensus estimate of $36.94 million. As a group, sell-side analysts anticipate that Claros Mortgage Trust will post -1.66 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of CMTG. The Manufacturers Life Insurance Company increased its stake in Claros Mortgage Trust by 9.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 36,223 shares of the company’s stock valued at $103,000 after buying an additional 3,163 shares during the last quarter. BNP Paribas Financial Markets boosted its stake 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 worth $25,000 after buying an additional 3,854 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Claros Mortgage Trust by 18.5% in the 4th quarter. Renaissance Technologies LLC now owns 26,900 shares of the company’s stock worth $82,000 after buying an additional 4,200 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Claros Mortgage Trust by 53.3% in the second quarter. Tower Research Capital LLC TRC now owns 17,193 shares of the company’s stock valued at $49,000 after acquiring an additional 5,976 shares in the last quarter. Finally, Vident Advisory LLC grew its holdings in shares of Claros Mortgage Trust by 10.3% in the fourth quarter. Vident Advisory LLC now owns 71,360 shares of the company’s stock valued at $218,000 after acquiring an additional 6,655 shares in the last quarter. Institutional investors and hedge funds 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.