Keefe, Bruyette & Woods Issues Pessimistic Forecast for Claros Mortgage Trust (NYSE:CMTG) Stock Price

Claros Mortgage Trust (NYSE:CMTG) had its price objective lowered by stock analysts at Keefe, Bruyette & Woods from $6.50 to $4.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an “underperform” rating on the stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 1.01% from the company’s previous close.

Several other research analysts have also weighed in on CMTG. JPMorgan Chase & Co. dropped their price target on Claros Mortgage Trust from $9.00 to $6.50 and set a “neutral” rating on the stock in a research report on Thursday, October 17th. UBS Group raised Claros Mortgage Trust from a “neutral” rating to a “buy” rating and cut their price objective for the company from $8.00 to $6.00 in a research note on Friday, January 10th. Finally, Wells Fargo & Company cut shares of Claros Mortgage Trust from an “equal weight” rating to an “underweight” rating and set a $8.00 price target for the company. in a report on Friday, September 20th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $6.13.

Claros Mortgage Trust Price Performance

NYSE CMTG opened at $3.96 on Tuesday. The company has a current ratio of 20.68, a quick ratio of 20.68 and a debt-to-equity ratio of 2.11. Claros Mortgage Trust has a 1 year low of $3.66 and a 1 year high of $12.86. The company has a market cap of $551.88 million, a PE ratio of -6.29 and a beta of 1.62. The stock’s 50-day moving average price is $5.59 and its two-hundred day moving average price is $7.01.

Institutional Investors Weigh In On Claros Mortgage Trust

A number of institutional investors have recently bought and sold shares of the business. Waterfall Asset Management LLC acquired a new stake in Claros Mortgage Trust in the 2nd quarter valued at $4,448,000. The Manufacturers Life Insurance Company boosted 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 acquiring an additional 2,885 shares during the last quarter. Algert Global LLC acquired a new stake in shares of Claros Mortgage Trust during the 2nd quarter worth approximately $224,000. SG Americas Securities LLC acquired a new stake in Claros Mortgage Trust during the 3rd quarter worth $150,000. Finally, Blue Trust Inc. raised 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 valued at $43,000 after acquiring an additional 5,177 shares during the last quarter. Institutional investors and hedge funds own 89.53% of the company’s stock.

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.