Claros Mortgage Trust (NYSE:CMTG) Stock Rating Upgraded by UBS Group

Claros Mortgage Trust (NYSE:CMTG) was upgraded by equities research analysts at UBS Group from a “neutral” rating to a “buy” rating in a note issued to investors on Friday, MarketBeat.com reports. The brokerage presently has a $6.00 target price on the stock, down from their prior target price of $8.00. UBS Group’s price objective suggests a potential upside of 57.48% from the stock’s previous close.

Several other analysts have also commented on CMTG. JPMorgan Chase & Co. cut their price objective on Claros Mortgage Trust from $9.00 to $6.50 and set a “neutral” rating for the company in a report on Thursday, October 17th. Keefe, Bruyette & Woods boosted their price target 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. Finally, 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 for the company. in a research report on Friday, September 20th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $6.94.

Claros Mortgage Trust Price Performance

Shares of NYSE:CMTG opened at $3.81 on Friday. The company has a debt-to-equity ratio of 2.11, a quick ratio of 20.68 and a current ratio of 20.68. The firm has a market cap of $530.97 million, a price-to-earnings ratio of -6.05 and a beta of 1.62. The business has a 50-day simple moving average of $5.76 and a two-hundred day simple moving average of $7.11. Claros Mortgage Trust has a fifty-two week low of $3.70 and a fifty-two week high of $12.86.

Institutional Investors Weigh In On Claros Mortgage Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CMTG. Blue Trust Inc. lifted its stake 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 buying an additional 5,177 shares in the last quarter. GSA Capital Partners LLP bought a new stake in Claros Mortgage Trust during the third quarter valued at about $101,000. Intech Investment Management LLC purchased a new position in shares of Claros Mortgage Trust in the third quarter valued at about $114,000. SG Americas Securities LLC bought a new position in shares of Claros Mortgage Trust in the third quarter worth about $150,000. Finally, Atria Investments Inc grew its position in shares of Claros Mortgage Trust by 29.2% during the third quarter. Atria Investments Inc now owns 25,743 shares of the company’s stock worth $193,000 after purchasing an additional 5,823 shares in the last quarter. 89.53% of the stock is 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.