Keefe, Bruyette & Woods Cuts Claros Mortgage Trust (NYSE:CMTG) Price Target to $4.00

Claros Mortgage Trust (NYSE:CMTG) had its target price lowered by analysts at Keefe, Bruyette & Woods from $6.50 to $4.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an “underperform” rating on the stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 2.30% from the company’s current price.

CMTG has been the topic of several other reports. Wells Fargo & Company cut shares of Claros Mortgage Trust from an “equal weight” rating to an “underweight” rating and set a $8.00 price objective on the stock. in a research report on Friday, September 20th. JPMorgan Chase & Co. cut their price target 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. Finally, UBS Group upgraded Claros Mortgage Trust from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $8.00 to $6.00 in a report on Friday. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $6.13.

Claros Mortgage Trust Stock Up 0.3 %

CMTG traded up $0.01 during trading on Tuesday, reaching $3.91. The company had a trading volume of 106,140 shares, compared to its average volume of 539,556. The company has a market cap of $544.91 million, a P/E ratio of -6.21 and a beta of 1.62. Claros Mortgage Trust has a 12 month low of $3.66 and a 12 month high of $12.86. 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 business’s fifty day moving average price is $5.70 and its 200 day moving average price is $7.06.

Institutional Trading of Claros Mortgage Trust

Several institutional investors and hedge funds have recently bought and sold shares of CMTG. Blue Trust Inc. lifted 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 acquiring an additional 5,177 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of Claros Mortgage Trust in the 3rd quarter valued at about $101,000. Intech Investment Management LLC acquired a new stake in Claros Mortgage Trust in the 3rd quarter valued at about $114,000. SG Americas Securities LLC bought a new position in Claros Mortgage Trust during the third quarter worth about $150,000. Finally, Atria Investments Inc increased 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 worth $193,000 after buying an additional 5,823 shares during the last quarter. Institutional investors own 89.53% of the company’s stock.

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.