Claros Mortgage Trust, Inc. (NYSE:CMTG) Given Average Recommendation of “Reduce” by Brokerages

Shares of Claros Mortgage Trust, Inc. (NYSE:CMTG) have been given a consensus rating of “Reduce” by the six research firms that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $7.44.

Several equities analysts have recently weighed in on the company. Wells Fargo & Company downgraded Claros Mortgage Trust from an “equal weight” rating to an “underweight” rating and set a $8.00 target price on the stock. in a research report on Friday, September 20th. JPMorgan Chase & Co. decreased their price objective on Claros Mortgage Trust from $9.00 to $6.50 and set a “neutral” rating on the stock in a report on Thursday, October 17th. UBS Group dropped their target price on shares of Claros Mortgage Trust from $8.50 to $8.00 and set a “neutral” rating for the company in a report on Friday, November 15th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Claros Mortgage Trust from $6.75 to $7.25 and gave the stock an “underperform” rating in a research note on Tuesday, November 12th.

Claros Mortgage Trust Trading Up 8.7 %

Shares of Claros Mortgage Trust stock opened at $7.05 on Thursday. The company has a current ratio of 20.68, a quick ratio of 20.68 and a debt-to-equity ratio of 2.11. Claros Mortgage Trust has a twelve month low of $6.08 and a twelve month high of $15.25. The firm has a market capitalization of $981.79 million, a PE ratio of -11.08 and a beta of 1.51. The firm’s 50-day moving average price is $6.91 and its 200 day moving average price is $7.79.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Gladius Capital Management LP purchased a new stake in shares of Claros Mortgage Trust during the 2nd quarter valued at approximately $33,000. Blue Trust Inc. increased its stake in Claros Mortgage Trust by 2,260.7% during the third quarter. Blue Trust Inc. now owns 5,406 shares of the company’s stock worth $43,000 after acquiring an additional 5,177 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in Claros Mortgage Trust in the third quarter valued at $101,000. SG Americas Securities LLC lifted its stake in shares of Claros Mortgage Trust by 32.2% in the 1st quarter. SG Americas Securities LLC now owns 10,891 shares of the company’s stock valued at $106,000 after purchasing an additional 2,651 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new position in shares of Claros Mortgage Trust during the 3rd quarter worth $114,000. Hedge funds and other institutional investors own 89.53% of the company’s stock.

About Claros Mortgage Trust

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.