Claros Mortgage Trust (NYSE:CMTG) PT Lowered to $9.00

Claros Mortgage Trust (NYSE:CMTG) had its target price decreased by equities researchers at Wells Fargo & Company from $11.00 to $9.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target points to a potential upside of 8.04% from the company’s current price.

A number of other equities analysts have also recently commented on the company. UBS Group decreased their target price on Claros Mortgage Trust from $11.50 to $10.00 and set a “neutral” rating on the stock in a report on Wednesday, March 20th. Keefe, Bruyette & Woods decreased their price target on Claros Mortgage Trust from $9.75 to $9.50 and set an “underperform” rating on the stock in a report on Wednesday, April 10th. Finally, JPMorgan Chase & Co. decreased their price target on Claros Mortgage Trust from $11.00 to $9.50 and set a “neutral” rating on the stock in a report on Wednesday, April 10th.

Claros Mortgage Trust Price Performance

Shares of Claros Mortgage Trust stock opened at $8.33 on Wednesday. Claros Mortgage Trust has a one year low of $8.15 and a one year high of $15.25. The stock’s fifty day moving average is $9.26 and its 200 day moving average is $10.92. The stock has a market cap of $1.16 billion, a P/E ratio of -13.44 and a beta of 1.59. The company has a debt-to-equity ratio of 2.09, a quick ratio of 25.03 and a current ratio of 25.03.

Claros Mortgage Trust (NYSE:CMTG) last announced its earnings results on Tuesday, February 20th. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.19. Claros Mortgage Trust had a return on equity of 2.01% and a net margin of 1.97%. The company had revenue of $75.98 million for the quarter, compared to analysts’ expectations of $72.79 million. Sell-side analysts anticipate that Claros Mortgage Trust will post 0.66 earnings per share for the current year.

Institutional Investors Weigh In On Claros Mortgage Trust

Large investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. grew its position in Claros Mortgage Trust by 11,644.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 14,609,072 shares of the company’s stock worth $199,122,000 after acquiring an additional 14,484,684 shares in the last quarter. Vanguard Group Inc. grew its position in Claros Mortgage Trust by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 11,425,527 shares of the company’s stock worth $155,730,000 after acquiring an additional 55,256 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Claros Mortgage Trust by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 871,156 shares of the company’s stock worth $11,874,000 after acquiring an additional 13,165 shares in the last quarter. Bank of New York Mellon Corp grew its position in Claros Mortgage Trust by 4.2% in the third quarter. Bank of New York Mellon Corp now owns 393,169 shares of the company’s stock worth $4,356,000 after acquiring an additional 15,895 shares in the last quarter. Finally, Van ECK Associates Corp grew its position in Claros Mortgage Trust by 0.7% in the first quarter. Van ECK Associates Corp now owns 324,363 shares of the company’s stock worth $3,166,000 after acquiring an additional 2,190 shares in the last quarter. 89.53% of the stock is owned by institutional investors.

About Claros Mortgage Trust

Claros Mortgage Trust, Inc operates as a real estate investment trust. It focuses on originating senior and subordinate loans on transitional commercial real estate assets in the United States. The company has elected to be taxed as a real estate investment trust. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders.