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

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

Other equities analysts have also issued research reports about the stock. Weiss Ratings restated a “sell (d)” rating on shares of Claros Mortgage Trust in a research report on Tuesday, October 14th. Keefe, Bruyette & Woods raised their price objective on shares of Claros Mortgage Trust from $2.75 to $3.00 and gave the company an “underperform” rating in a research note on Tuesday, August 12th. One equities research analyst has rated the stock with a Buy rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $3.33.

Claros Mortgage Trust Price Performance

Shares of CMTG opened at $3.26 on Friday. Claros Mortgage Trust has a 52 week low of $2.13 and a 52 week high of $7.72. The company has a current ratio of 26.00, a quick ratio of 26.00 and a debt-to-equity ratio of 1.79. The firm has a market cap of $456.42 million, a price-to-earnings ratio of -1.23 and a beta of 1.20. The stock has a 50 day moving average of $3.48 and a 200-day moving average of $3.14.

Claros Mortgage Trust (NYSE:CMTG) last announced its quarterly earnings data on Friday, March 3rd. The company reported $0.38 earnings per share (EPS) for the quarter. Claros Mortgage Trust had a negative return on equity of 7.99% and a negative net margin of 184.07%.The firm had revenue of $84.11 million for the quarter. As a group, analysts forecast that Claros Mortgage Trust will post 0.27 EPS for the current year.

Institutional Investors Weigh In On Claros Mortgage Trust

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Claros Mortgage Trust by 2.3% during the third quarter. Vanguard Group Inc. now owns 6,616,998 shares of the company’s stock valued at $21,968,000 after buying an additional 149,944 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Claros Mortgage Trust by 9.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 463,799 shares of the company’s stock worth $1,540,000 after acquiring an additional 41,409 shares in the last quarter. MQS Management LLC acquired a new position in shares of Claros Mortgage Trust during the 3rd quarter valued at about $71,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of Claros Mortgage Trust in the 3rd quarter valued at approximately $34,000. Finally, SG Americas Securities LLC bought a new position in shares of Claros Mortgage Trust in the 3rd quarter valued at approximately $59,000. 89.53% of the stock is currently owned by institutional investors.

Claros Mortgage Trust Company Profile

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.