Claros Mortgage Trust (NYSE:CMTG) Given New $4.00 Price Target at Keefe, Bruyette & Woods

Claros Mortgage Trust (NYSE:CMTG) had its price target decreased by Keefe, Bruyette & Woods from $6.50 to $4.00 in a report released on Tuesday,Benzinga reports. Keefe, Bruyette & Woods currently has an underperform rating on the stock.

A number of other analysts have also recently issued reports on CMTG. UBS Group raised Claros Mortgage Trust from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $8.00 to $6.00 in a report on Friday, January 10th. Wells Fargo & Company downgraded shares of Claros Mortgage Trust from an “equal weight” rating to an “underweight” rating and set a $8.00 price target on the stock. in a report on Friday, September 20th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Claros Mortgage Trust from $9.00 to $6.50 and set a “neutral” rating for the company in a research note on Thursday, October 17th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $6.13.

Claros Mortgage Trust Trading Down 0.4 %

Shares of CMTG stock opened at $3.93 on Tuesday. Claros Mortgage Trust has a 1 year low of $3.66 and a 1 year high of $12.86. The company’s fifty day simple moving average is $5.52 and its two-hundred day simple moving average is $6.99. The company has a debt-to-equity ratio of 2.11, a current ratio of 20.68 and a quick ratio of 20.68. The stock has a market capitalization of $548.25 million, a price-to-earnings ratio of -6.24 and a beta of 1.62.

Hedge Funds Weigh In On Claros Mortgage Trust

A number of institutional investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company boosted its position in shares of Claros Mortgage Trust by 6.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 45,992 shares of the company’s stock valued at $369,000 after acquiring an additional 2,885 shares during the last quarter. Blue Trust Inc. raised its stake in Claros Mortgage Trust by 2,260.7% in the third quarter. Blue Trust Inc. now owns 5,406 shares of the company’s stock valued at $43,000 after purchasing an additional 5,177 shares in the last quarter. Atria Investments Inc lifted its position in Claros Mortgage Trust by 29.2% during the third quarter. Atria Investments Inc now owns 25,743 shares of the company’s stock valued at $193,000 after purchasing an additional 5,823 shares during the last quarter. State Street Corp lifted its position in Claros Mortgage Trust by 0.3% during the third quarter. State Street Corp now owns 2,165,863 shares of the company’s stock valued at $16,436,000 after purchasing an additional 6,882 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new position in Claros Mortgage Trust in the 3rd quarter worth approximately $101,000. 89.53% of the stock is currently owned by institutional investors.

Claros Mortgage Trust Company Profile

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.