Claros Mortgage Trust (NYSE:CMTG) Price Target Raised to $7.25

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

Other research analysts have also 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. Wells Fargo & Company lowered shares of Claros Mortgage Trust from an “equal weight” rating to an “underweight” rating and set a $8.00 price target on the stock. in a research report on Friday, September 20th. Finally, JPMorgan Chase & Co. decreased 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. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $7.44.

Claros Mortgage Trust Price Performance

NYSE:CMTG opened at $6.70 on Tuesday. Claros Mortgage Trust has a 52-week low of $6.08 and a 52-week high of $15.25. The company has a market cap of $933.71 million, a P/E ratio of -10.63 and a beta of 1.51. The company has a debt-to-equity ratio of 2.11, a quick ratio of 28.19 and a current ratio of 20.68. The stock’s 50-day simple moving average is $7.04 and its 200 day simple moving average is $7.88.

Institutional Investors Weigh In On Claros Mortgage Trust

Several hedge funds have recently added to or reduced their stakes in CMTG. Gladius Capital Management LP acquired a new position in shares of Claros Mortgage Trust in the second quarter valued at $33,000. 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 valued at $43,000 after acquiring an additional 5,177 shares during the period. GSA Capital Partners LLP bought a new position in Claros Mortgage Trust in the 3rd quarter valued at about $101,000. Covestor Ltd lifted its position in Claros Mortgage Trust by 349.4% during the first quarter. Covestor Ltd now owns 10,897 shares of the company’s stock worth $106,000 after acquiring an additional 8,472 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of Claros Mortgage Trust by 32.2% during the first 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 period. 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.