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

Claros Mortgage Trust (NYSE:CMTG) had its price target increased by equities research analysts at Keefe, Bruyette & Woods from $6.75 to $7.25 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has an “underperform” rating on the stock. Keefe, Bruyette & Woods’ target price indicates a potential upside of 2.33% from the stock’s current price.

A number of other equities research analysts have also weighed in on the company. 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 note on Thursday, October 17th. BTIG Research initiated coverage on Claros Mortgage Trust in a research note on Friday, July 19th. They set a “neutral” rating on the stock. Finally, Wells Fargo & Company lowered 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 note on Friday, September 20th. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $7.94.

Claros Mortgage Trust Price Performance

CMTG opened at $7.09 on Tuesday. The business’s 50-day moving average is $7.08 and its two-hundred day moving average is $7.91. Claros Mortgage Trust has a 1 year low of $6.08 and a 1 year high of $15.25. The company has a debt-to-equity ratio of 2.11, a current ratio of 20.68 and a quick ratio of 28.19. The firm has a market capitalization of $987.39 million, a PE ratio of -11.25 and a beta of 1.51.

Institutional Trading of Claros Mortgage Trust

Several large investors have recently added to or reduced their stakes in CMTG. Gladius Capital Management LP purchased a new position in shares of Claros Mortgage Trust during the 2nd quarter worth $33,000. Blue Trust Inc. raised its position 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 purchasing an additional 5,177 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Claros Mortgage Trust during the 3rd quarter worth about $101,000. Covestor Ltd raised its position in shares of Claros Mortgage Trust by 349.4% during the 1st quarter. Covestor Ltd now owns 10,897 shares of the company’s stock worth $106,000 after acquiring an additional 8,472 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in shares of 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 in the last quarter. 89.53% of the stock is currently owned by hedge funds and other institutional investors.

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.