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

Wall Street Zen lowered shares of Claros Mortgage Trust (NYSE:CMTG) from a hold rating to a sell rating in a research note issued to investors on Saturday morning.

A number of other analysts have also weighed in on CMTG. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Claros Mortgage Trust in a research note on Monday, December 29th. Keefe, Bruyette & Woods lowered 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 research report on Thursday, January 8th. Wells Fargo & Company dropped 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 research note on Friday. Finally, UBS Group reduced their price objective on shares of Claros Mortgage Trust from $4.50 to $4.00 and set a “buy” rating for the company in a research note on Friday, November 14th. One investment analyst has rated the stock with a Buy rating and three have issued a Sell rating to the stock. According to MarketBeat, Claros Mortgage Trust currently has a consensus rating of “Reduce” and a consensus target price of $3.17.

Claros Mortgage Trust Trading Down 9.0%

CMTG opened at $2.37 on Friday. The company has a quick ratio of 26.00, a current ratio of 21.44 and a debt-to-equity ratio of 1.72. The stock’s fifty day moving average is $2.89 and its two-hundred day moving average is $3.22. The company has a market capitalization of $331.62 million, a P/E ratio of -0.68 and a beta of 1.20. Claros Mortgage Trust has a 52 week low of $2.13 and a 52 week high of $4.30.

Hedge Funds Weigh In On Claros Mortgage Trust

Institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets lifted its holdings in shares of Claros Mortgage Trust by 75.8% during the 2nd 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. Focus Partners Wealth purchased a new position in Claros Mortgage Trust during the 3rd quarter worth $34,000. Wealth Enhancement Advisory Services LLC acquired a new position in Claros Mortgage Trust during the 3rd quarter valued at about $34,000. Mariner LLC purchased a new stake in Claros Mortgage Trust in the fourth quarter valued at about $38,000. Finally, May Hill Capital LLC purchased a new stake in Claros Mortgage Trust in the second quarter valued at about $39,000. 89.53% of the stock is owned by hedge funds and other institutional investors.

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.