Claros Mortgage Trust (NYSE:CMTG – Free Report) had its price objective trimmed by Keefe, Bruyette & Woods from $2.50 to $2.25 in a research report released on Wednesday,Benzinga reports. The firm currently has an underperform rating on the stock.
Several other equities analysts also recently commented on CMTG. Weiss Ratings upgraded Claros Mortgage Trust from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, May 8th. Wells Fargo & Company lowered their price objective on Claros Mortgage Trust from $3.00 to $2.50 and set an “underweight” rating for the company in a research report on Friday, February 20th. Finally, Wall Street Zen upgraded Claros Mortgage Trust from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, Claros Mortgage Trust presently has an average rating of “Reduce” and a consensus target price of $2.92.
Check Out Our Latest Stock Analysis on CMTG
Claros Mortgage Trust Price Performance
Claros Mortgage Trust (NYSE:CMTG – Get Free Report) last posted its earnings results on Wednesday, May 6th. The company reported ($0.52) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.28). The firm had revenue of $29.52 million during the quarter, compared to the consensus estimate of $36.94 million. Claros Mortgage Trust had a negative net margin of 267.14% and a negative return on equity of 19.34%. Analysts expect that Claros Mortgage Trust will post -1.66 EPS for the current year.
Insider Transactions at Claros Mortgage Trust
In other Claros Mortgage Trust news, Director W Edward Walter bought 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The stock was acquired at an average price of $2.28 per share, with a total value of $57,000.00. Following the completion of the purchase, the director directly owned 32,000 shares of the company’s stock, valued at approximately $72,960. This trade represents a 357.14% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Richard Mack bought 50,000 shares of the firm’s stock in a transaction that occurred on Friday, February 27th. The shares were acquired at an average cost of $2.41 per share, with a total value of $120,500.00. Following the purchase, the chief executive officer directly owned 2,717,330 shares of the company’s stock, valued at $6,548,765.30. This trade represents a 1.87% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased 95,000 shares of company stock worth $224,300 over the last ninety days. 1.80% of the stock is owned by insiders.
Institutional Investors Weigh In On Claros Mortgage Trust
Several large investors have recently added to or reduced their stakes in the business. Hsbc Holdings PLC acquired a new stake in Claros Mortgage Trust in the first quarter valued at approximately $37,000. Mariner LLC acquired a new stake in Claros Mortgage Trust in the fourth quarter valued at approximately $38,000. CIBC Asset Management Inc acquired a new stake in Claros Mortgage Trust in the fourth quarter valued at approximately $48,000. Focus Partners Wealth acquired a new stake in Claros Mortgage Trust in the third quarter valued at approximately $34,000. Finally, Tower Research Capital LLC TRC grew its stake in Claros Mortgage Trust by 53.3% in the second quarter. Tower Research Capital LLC TRC now owns 17,193 shares of the company’s stock valued at $49,000 after acquiring an additional 5,976 shares during the period. Institutional investors and hedge funds own 89.53% of the company’s stock.
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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