Claros Mortgage Trust (NYSE:CMTG) Lowered to “Strong Sell” Rating by Wall Street Zen

Wall Street Zen downgraded shares of Claros Mortgage Trust (NYSE:CMTG) from a hold rating to a strong sell rating in a report released on Saturday morning.

A number of other analysts also recently issued reports on CMTG. Keefe, Bruyette & Woods reduced their price objective on Claros Mortgage Trust from $2.50 to $2.25 and set an “underperform” rating on the stock in a research note on Wednesday, May 13th. Weiss Ratings raised Claros Mortgage Trust from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, July 20th. Finally, UBS Group began coverage on Claros Mortgage Trust in a research report on Thursday, July 16th. They set a “neutral” rating and a $2.75 target price for the company. One equities research analyst has rated the stock with a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Strong Sell” and a consensus price target of $2.50.

Claros Mortgage Trust Trading Down 3.0%

Shares of Claros Mortgage Trust stock opened at $1.76 on Friday. Claros Mortgage Trust has a twelve month low of $1.73 and a twelve month high of $3.99. The company has a quick ratio of 21.44, a current ratio of 21.44 and a debt-to-equity ratio of 1.81. The business has a 50-day moving average price of $2.35 and a 200-day moving average price of $2.46. The firm has a market cap of $249.01 million, a price-to-earnings ratio of -0.46 and a beta of 1.13.

Claros Mortgage Trust (NYSE:CMTG) last posted its earnings results on Wednesday, July 29th. The company reported ($0.63) EPS for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.38). Claros Mortgage Trust had a negative return on equity of 19.70% and a negative net margin of 354.13%.The firm had revenue of $30.00 million during the quarter, compared to analysts’ expectations of $33.55 million. Equities research analysts anticipate that Claros Mortgage Trust will post -1.76 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. AQR Capital Management LLC purchased a new position in Claros Mortgage Trust in the first quarter worth about $78,000. Jane Street Group LLC increased its stake in Claros Mortgage Trust by 620.9% during the first quarter. Jane Street Group LLC now owns 185,147 shares of the company’s stock worth $691,000 after acquiring an additional 159,465 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in Claros Mortgage Trust during the first quarter valued at approximately $126,000. Strs Ohio purchased a new stake in Claros Mortgage Trust during the first quarter valued at approximately $61,000. Finally, Rhumbline Advisers raised its position in Claros Mortgage Trust by 5.6% during the second quarter. Rhumbline Advisers now owns 138,276 shares of the company’s stock valued at $394,000 after purchasing an additional 7,301 shares during the period. Institutional investors own 89.53% of the company’s stock.

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.