Keefe, Bruyette & Woods Raises Claros Mortgage Trust (NYSE:CMTG) Price Target to $7.25

Claros Mortgage Trust (NYSE:CMTG) had its price objective upped by Keefe, Bruyette & Woods from $6.75 to $7.25 in a report issued on Tuesday,Benzinga reports. They currently have an underperform rating on the stock.

A number of other research analysts have also recently commented on the company. Wells Fargo & Company cut Claros Mortgage Trust from an “equal weight” rating to an “underweight” rating and set a $8.00 target price for the company. in a research note on Friday, September 20th. BTIG Research initiated coverage on shares of Claros Mortgage Trust in a research report on Friday, July 19th. They set a “neutral” rating for the company. Finally, JPMorgan Chase & Co. reduced their price objective on Claros Mortgage Trust from $9.00 to $6.50 and set a “neutral” rating for the company in a research report on Thursday, October 17th. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $7.44.

Claros Mortgage Trust Trading Down 2.9 %

NYSE:CMTG traded down $0.20 during mid-day trading on Tuesday, reaching $6.76. 40,067 shares of the company’s stock traded hands, compared to its average volume of 341,032. The company has a 50 day moving average price of $7.08 and a 200-day moving average price of $7.91. The company has a debt-to-equity ratio of 2.11, a current ratio of 20.68 and a quick ratio of 28.19. The firm has a market capitalization of $942.07 million, a price-to-earnings ratio of -10.83 and a beta of 1.51. Claros Mortgage Trust has a 12-month low of $6.08 and a 12-month high of $15.25.

Institutional Investors Weigh In On Claros Mortgage Trust

Large investors have recently made changes to their positions in the company. SG Americas Securities LLC grew its position in Claros Mortgage Trust by 32.2% during the first quarter. SG Americas Securities LLC now owns 10,891 shares of the company’s stock valued at $106,000 after buying an additional 2,651 shares during the period. ProShare Advisors LLC lifted its position in Claros Mortgage Trust by 8.5% during the first quarter. ProShare Advisors LLC now owns 16,316 shares of the company’s stock valued at $159,000 after purchasing an additional 1,284 shares in the last quarter. Vanguard Group Inc. grew its holdings in Claros Mortgage Trust by 0.3% during the first quarter. Vanguard Group Inc. now owns 11,455,904 shares of the company’s stock valued at $111,810,000 after purchasing an additional 30,377 shares during the period. Covestor Ltd increased its position in Claros Mortgage Trust by 349.4% in the first quarter. Covestor Ltd now owns 10,897 shares of the company’s stock worth $106,000 after buying an additional 8,472 shares in the last quarter. Finally, MQS Management LLC bought a new position in shares of Claros Mortgage Trust in the first quarter worth about $128,000. 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.