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

Claros Mortgage Trust (NYSE:CMTG) had its price objective raised by equities research analysts at Keefe, Bruyette & Woods from $6.75 to $7.25 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has an “underperform” rating on the stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 0.14% from the stock’s previous close.

Other equities analysts also recently issued research reports about the company. BTIG Research started coverage on Claros Mortgage Trust in a research report on Friday, July 19th. They set a “neutral” rating on the stock. JPMorgan Chase & Co. cut their price target on Claros Mortgage Trust from $9.00 to $6.50 and set a “neutral” rating on the stock in a report on Thursday, October 17th. Finally, Wells Fargo & Company cut 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 note on Friday, September 20th. Two analysts have rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $7.94.

Claros Mortgage Trust Trading Down 4.9 %

NYSE:CMTG traded down $0.37 during midday trading on Tuesday, hitting $7.24. The stock had a trading volume of 95,167 shares, compared to its average volume of 342,240. The stock has a 50-day moving average of $7.10 and a 200 day moving average of $7.92. The company has a market capitalization of $1.00 billion, a price-to-earnings ratio of -11.49 and a beta of 1.51. Claros Mortgage Trust has a one year low of $6.08 and a one year high of $15.25. The company has a quick ratio of 28.19, a current ratio of 28.19 and a debt-to-equity ratio of 2.12.

Institutional Investors Weigh In On Claros Mortgage Trust

Several hedge funds have recently bought and sold shares of CMTG. ProShare Advisors LLC lifted its stake in shares of Claros Mortgage Trust by 8.5% in the 1st 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 during the period. SG Americas Securities LLC increased its holdings in Claros Mortgage Trust by 32.2% in 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 in the last quarter. The Manufacturers Life Insurance Company increased its holdings in Claros Mortgage Trust by 6.7% in the second quarter. The Manufacturers Life Insurance Company now owns 45,992 shares of the company’s stock valued at $369,000 after buying an additional 2,885 shares in the last quarter. Gladius Capital Management LP acquired a new position in shares of Claros Mortgage Trust in the second quarter worth about $33,000. Finally, Blue Trust Inc. raised its holdings in Claros Mortgage Trust by 2,260.7% in the 3rd quarter. Blue Trust Inc. now owns 5,406 shares of the company’s stock worth $43,000 after purchasing an additional 5,177 shares during the period. 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.