Brokerages Set Claros Mortgage Trust, Inc. (NYSE:CMTG) Target Price at $7.44

Shares of Claros Mortgage Trust, Inc. (NYSE:CMTG) have earned a consensus rating of “Reduce” from the six analysts that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $7.44.

CMTG has been the subject of several research reports. UBS Group lowered their price objective on shares of Claros Mortgage Trust from $8.50 to $8.00 and set a “neutral” rating for the company in a research report on Friday, November 15th. 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 for the company. in a research report on Friday, September 20th. Keefe, Bruyette & Woods raised their price objective on shares of Claros Mortgage Trust from $6.75 to $7.25 and gave the company an “underperform” rating in a research report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. lowered 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 report on Thursday, October 17th.

Institutional Investors Weigh In On Claros Mortgage Trust

Institutional investors have recently modified their holdings of the business. Gladius Capital Management LP acquired a new stake in shares of Claros Mortgage Trust during the 2nd quarter worth approximately $33,000. Blue Trust Inc. grew its position in shares of Claros Mortgage Trust by 2,260.7% during the 3rd quarter. Blue Trust Inc. now owns 5,406 shares of the company’s stock worth $43,000 after buying an additional 5,177 shares during the period. GSA Capital Partners LLP bought a new position in Claros Mortgage Trust during the 3rd quarter worth approximately $101,000. SG Americas Securities LLC boosted its stake in Claros Mortgage Trust by 32.2% during the 1st quarter. SG Americas Securities LLC now owns 10,891 shares of the company’s stock worth $106,000 after acquiring an additional 2,651 shares during the last quarter. Finally, Intech Investment Management LLC bought a new position in Claros Mortgage Trust during the 3rd quarter worth approximately $114,000. Institutional investors and hedge funds own 89.53% of the company’s stock.

Claros Mortgage Trust Stock Performance

Claros Mortgage Trust stock opened at $6.79 on Thursday. Claros Mortgage Trust has a 12-month low of $6.08 and a 12-month high of $15.25. The stock has a 50-day simple moving average of $6.86 and a 200 day simple moving average of $7.77. The company has a quick ratio of 20.68, a current ratio of 20.68 and a debt-to-equity ratio of 2.11. The stock has a market capitalization of $946.25 million, a price-to-earnings ratio of -10.78 and a beta of 1.51.

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.