Claros Mortgage Trust (NYSE:CMTG) Given New $2.50 Price Target at Keefe, Bruyette & Woods

Claros Mortgage Trust (NYSE:CMTG) had its price objective reduced by Keefe, Bruyette & Woods from $4.00 to $2.50 in a report released on Thursday morning,Benzinga reports. They currently have an underperform rating on the stock.

A number of other brokerages also recently issued reports on CMTG. Wells Fargo & Company decreased their price target on Claros Mortgage Trust from $8.00 to $3.00 and set an “underweight” rating for the company in a report on Tuesday. UBS Group cut their price objective on shares of Claros Mortgage Trust from $6.00 to $5.25 and set a “buy” rating for the company in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $4.31.

Claros Mortgage Trust Trading Down 8.2 %

Shares of Claros Mortgage Trust stock opened at $2.29 on Thursday. The stock has a market cap of $318.44 million, a PE ratio of -1.44 and a beta of 1.57. The firm has a fifty day moving average price of $3.62 and a 200 day moving average price of $5.86. Claros Mortgage Trust has a 1 year low of $2.25 and a 1 year high of $10.15. The company has a debt-to-equity ratio of 2.08, a current ratio of 25.67 and a quick ratio of 20.68.

Claros Mortgage Trust (NYSE:CMTG) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.03. The business had revenue of $60.23 million during the quarter, compared to analyst estimates of $58.07 million. Claros Mortgage Trust had a positive return on equity of 4.72% and a negative net margin of 89.07%. Equities research analysts predict that Claros Mortgage Trust will post 0.27 earnings per share for the current year.

Institutional Investors Weigh In On Claros Mortgage Trust

A number of institutional investors have recently added to or reduced their stakes in the stock. Koch Inc. acquired a new position in Claros Mortgage Trust during the fourth quarter worth $68,374,000. Squarepoint Ops LLC purchased a new stake in shares of Claros Mortgage Trust during the fourth quarter worth about $46,000. ProShare Advisors LLC raised its position in shares of Claros Mortgage Trust by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 24,311 shares of the company’s stock worth $110,000 after purchasing an additional 7,999 shares during the last quarter. Quantinno Capital Management LP purchased a new position in Claros Mortgage Trust in the 4th quarter valued at about $115,000. Finally, Millennium Management LLC boosted its holdings in Claros Mortgage Trust by 38.4% in the 4th quarter. Millennium Management LLC now owns 135,388 shares of the company’s stock worth $612,000 after buying an additional 37,548 shares during the last quarter. Institutional investors and hedge funds 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.