Claros Mortgage Trust (NYSE:CMTG) Price Target Cut to $4.00 by Analysts at Keefe, Bruyette & Woods

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

Several other brokerages have also recently issued reports on CMTG. UBS Group raised shares of Claros Mortgage Trust from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $8.00 to $6.00 in a research note on Friday, January 10th. Wells Fargo & Company lowered Claros Mortgage Trust from an “equal weight” rating to an “underweight” rating and set a $8.00 price target for the company. in a research report on Friday, September 20th. Finally, JPMorgan Chase & Co. cut their price target on Claros Mortgage Trust from $9.00 to $6.50 and set a “neutral” rating for the company in a report on Thursday, October 17th. Two 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 data from MarketBeat, the company has an average rating of “Hold” and an average price target of $6.13.

Claros Mortgage Trust Price Performance

Shares of Claros Mortgage Trust stock opened at $4.07 on Tuesday. 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 has a 50 day simple moving average of $5.65 and a two-hundred day simple moving average of $7.04. The stock has a market capitalization of $567.21 million, a P/E ratio of -6.46 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.

Institutional Investors Weigh In On Claros Mortgage Trust

Several institutional investors and hedge funds have recently modified their holdings of the company. Blue Trust Inc. boosted its holdings in Claros Mortgage Trust by 2,260.7% during the 3rd 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 period. GSA Capital Partners LLP acquired a new stake in shares of Claros Mortgage Trust during the third quarter worth about $101,000. Intech Investment Management LLC purchased a new position in shares of Claros Mortgage Trust in the third quarter valued at approximately $114,000. SG Americas Securities LLC acquired a new position in shares of Claros Mortgage Trust in the third quarter valued at approximately $150,000. Finally, Atria Investments Inc grew its holdings in shares of Claros Mortgage Trust by 29.2% in 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 in the last quarter. Hedge funds and other 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.