Keefe, Bruyette & Woods Lowers Claros Mortgage Trust (NYSE:CMTG) Price Target to $2.50

Claros Mortgage Trust (NYSE:CMTG) had its target price decreased by Keefe, Bruyette & Woods from $4.00 to $2.50 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an “underperform” rating on the stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 0.81% from the stock’s previous close.

A number of other brokerages have also weighed in on CMTG. Wells Fargo & Company lowered their target price on Claros Mortgage Trust from $8.00 to $3.00 and set an “underweight” rating on the stock in a research note on Tuesday. UBS Group lowered their target price on Claros Mortgage Trust from $6.00 to $5.25 and set a “buy” rating on the stock in a research note on Tuesday. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Claros Mortgage Trust has a consensus rating of “Hold” and an average target price of $4.31.

Claros Mortgage Trust Price Performance

NYSE:CMTG opened at $2.48 on Thursday. The company has a quick ratio of 20.68, a current ratio of 25.67 and a debt-to-equity ratio of 2.08. The stock’s 50 day moving average price is $3.62 and its two-hundred day moving average price is $5.86. The firm has a market capitalization of $345.62 million, a price-to-earnings ratio of -1.56 and a beta of 1.57. Claros Mortgage Trust has a 12-month low of $2.43 and a 12-month high of $10.15.

Claros Mortgage Trust (NYSE:CMTG) last announced its earnings results on Wednesday, February 19th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.03. The company had revenue of $60.23 million for 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%. On average, analysts anticipate that Claros Mortgage Trust will post 0.27 earnings per share for the current year.

Institutional Investors Weigh In On Claros Mortgage Trust

Large investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. boosted its holdings in shares of Claros Mortgage Trust by 2,260.7% in the 3rd quarter. Blue Trust Inc. now owns 5,406 shares of the company’s stock valued at $43,000 after purchasing an additional 5,177 shares in the last quarter. Atria Investments Inc boosted its holdings in shares of Claros Mortgage Trust by 29.2% in the 3rd 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. GSA Capital Partners LLP acquired a new stake in shares of Claros Mortgage Trust in the 3rd quarter valued at $101,000. Quest Partners LLC boosted its holdings in shares of Claros Mortgage Trust by 5,222.4% in the 3rd quarter. Quest Partners LLC now owns 41,515 shares of the company’s stock valued at $311,000 after purchasing an additional 40,735 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new stake in shares of Claros Mortgage Trust in the 3rd quarter valued at $114,000. Institutional investors and hedge funds 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.