UBS Group Lowers Claros Mortgage Trust (NYSE:CMTG) Price Target to $8.00

Claros Mortgage Trust (NYSE:CMTG) had its price target lowered by research analysts at UBS Group from $8.50 to $8.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s target price suggests a potential upside of 19.40% from the stock’s current price.

Other equities research analysts have also issued research reports about the company. BTIG Research started coverage on Claros Mortgage Trust in a research note on Friday, July 19th. They set a “neutral” rating for the company. Keefe, Bruyette & Woods raised their price objective on Claros Mortgage Trust from $6.75 to $7.25 and gave the company an “underperform” rating in a research note on Tuesday, November 12th. Wells Fargo & Company lowered 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. Finally, JPMorgan Chase & Co. lowered their price objective on Claros Mortgage Trust from $9.00 to $6.50 and set a “neutral” rating for the company in a research note on Thursday, October 17th. Two equities research 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, Claros Mortgage Trust presently has a consensus rating of “Hold” and a consensus price target of $7.44.

Claros Mortgage Trust Stock Performance

Shares of NYSE:CMTG opened at $6.70 on Friday. 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. Claros Mortgage Trust has a one year low of $6.08 and a one year high of $15.25. The business’s 50-day simple moving average is $7.04 and its 200 day simple moving average is $7.88.

Institutional Trading of Claros Mortgage Trust

Several hedge funds have recently added to or reduced their stakes in CMTG. Gladius Capital Management LP bought a new stake in Claros Mortgage Trust in the second quarter worth about $33,000. Blue Trust Inc. lifted its stake in Claros Mortgage Trust by 2,260.7% during the third 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 during the last quarter. GSA Capital Partners LLP bought a new stake in Claros Mortgage Trust during the third quarter worth approximately $101,000. Covestor Ltd grew its position in Claros Mortgage Trust by 349.4% in the first quarter. Covestor Ltd now owns 10,897 shares of the company’s stock worth $106,000 after buying an additional 8,472 shares during the last quarter. Finally, SG Americas Securities LLC grew its position 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 worth $106,000 after buying an additional 2,651 shares during the last quarter. 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.