Claros Mortgage Trust (NYSE:CMTG) Announces Quarterly Earnings Results

Claros Mortgage Trust (NYSE:CMTG - Get Free Report) issued its earnings results on Wednesday. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.14), FiscalAI reports. The firm had revenue of $46.07 million during the quarter, compared to analysts' expectations of $49.40 million. Claros Mortgage Trust had a negative return on equity of 5.11% and a negative net margin of 189.56%.Get Claros Mortgage Trust alerts:Claros Mortgage Trust Trading Up 4.6%CMTG stock traded up $0.15 during midday trading on Wednesday, hitting $3.27. The company had a trading volume of 203,874 shares, compared to its average volume of 312,719. The company has a current ratio of 30.23, a quick ratio of 30.23 and a debt-to-equity ratio of 1.92. Claros Mortgage Trust has a 52 week low of $2.13 and a 52 week high of $7.72. The stock's 50 day moving average price is $3.50 and its 200 day moving average price is $3.12. The stock has a market cap of $456.51 million, a price-to-earnings ratio of -1.10 and a beta of 1.20. Institutional Trading of Claros Mortgage TrustSeveral hedge funds and other institutional investors have recently bought and sold shares of CMTG. Balyasny Asset Management L.P. lifted its position in Claros Mortgage Trust by 22.9% in the second quarter. Balyasny Asset Management L.P. now owns 1,946,597 shares of the company's stock valued at $5,548,000 after purchasing an additional 362,130 shares during the last quarter. Jane Street Group LLC lifted its position in Claros Mortgage Trust by 620.9% in the first quarter. Jane Street Group LLC now owns 185,147 shares of the company's stock valued at $691,000 after purchasing an additional 159,465 shares during the last quarter. Russell Investments Group Ltd. lifted its position in Claros Mortgage Trust by 216.8% in the second quarter. Russell Investments Group Ltd. now owns 113,171 shares of the company's stock valued at $323,000 after purchasing an additional 77,445 shares during the last quarter. Marshall Wace LLP raised its holdings in shares of Claros Mortgage Trust by 116.3% during the second quarter. Marshall Wace LLP now owns 81,665 shares of the company's stock valued at $233,000 after acquiring an additional 43,918 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new position in shares of Claros Mortgage Trust during the first quarter valued at approximately $126,000. Institutional investors own 89.53% of the company's stock. Analysts Set New Price TargetsSeveral analysts have issued reports on the company. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Claros Mortgage Trust in a research note on Tuesday, October 14th. Keefe, Bruyette & Woods upped their target price on Claros Mortgage Trust from $2.75 to $3.00 and gave the stock an "underperform" rating in a research note on Tuesday, August 12th. One analyst has rated the stock with a Buy rating and three have given a Sell rating to the stock. According to MarketBeat, Claros Mortgage Trust has an average rating of "Reduce" and an average target price of $3.33.Read Our Latest Research Report on Claros Mortgage TrustAbout Claros Mortgage Trust (Get Free Report)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.Featured StoriesFive stocks we like better than Claros Mortgage TrustInsider Trades May Not Tell You What You Think3 Cash-Rich Stocks With High Growth Potential Right NowUsing the MarketBeat Dividend Tax CalculatorWhy Vertical Aerospace Stock Could Double After This Flight TestWhat Does a Stock Split Mean? Amazon: Breakout Confirmed—Here’s Where It Could Go NextThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Claros Mortgage Trust Right Now?Before you consider Claros Mortgage Trust, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Claros Mortgage Trust wasn't on the list.While Claros Mortgage Trust currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here