Claros Mortgage Trust (NYSE:CMTG – Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “strong sell” rating in a report issued on Saturday.
Other equities research analysts have also issued research reports about the stock. Weiss Ratings raised shares of Claros Mortgage Trust from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, July 20th. UBS Group started coverage on shares of Claros Mortgage Trust in a report on Thursday, July 16th. They set a “neutral” rating and a $2.75 target price on the stock. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Claros Mortgage Trust from $2.50 to $2.25 and set an “underperform” rating for the company in a research report on Wednesday, May 13th. One equities research analyst has rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Strong Sell” and a consensus target price of $2.50.
View Our Latest Analysis on CMTG
Claros Mortgage Trust Stock Down 0.3%
Claros Mortgage Trust (NYSE:CMTG – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported ($0.63) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.38). The business had revenue of $30.00 million during the quarter, compared to analysts’ expectations of $33.55 million. Claros Mortgage Trust had a negative net margin of 354.13% and a negative return on equity of 19.70%. Equities analysts forecast that Claros Mortgage Trust will post -1.76 earnings per share for the current year.
Hedge Funds Weigh In On Claros Mortgage Trust
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. FNY Investment Advisers LLC purchased a new position in Claros Mortgage Trust in the 2nd quarter worth approximately $205,000. Empowered Funds LLC acquired a new position in shares of Claros Mortgage Trust during the first quarter worth $212,000. Bank of America Corp DE boosted its stake in shares of Claros Mortgage Trust by 41.0% in the first quarter. Bank of America Corp DE now owns 108,263 shares of the company’s stock valued at $258,000 after purchasing an additional 31,494 shares during the period. Renaissance Technologies LLC grew its holdings in Claros Mortgage Trust by 81.4% during the 1st quarter. Renaissance Technologies LLC now owns 48,800 shares of the company’s stock valued at $116,000 after purchasing an additional 21,900 shares in the last quarter. Finally, Sei Investments Co. increased its stake in Claros Mortgage Trust by 152.3% during the 1st quarter. Sei Investments Co. now owns 158,724 shares of the company’s stock worth $378,000 after buying an additional 95,805 shares during the period. 89.53% of the stock is owned by institutional investors and hedge funds.
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.
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