Claros Mortgage Trust, Inc. (NYSE:CMTG) Receives $7.44 Average Target Price from Analysts

Claros Mortgage Trust, Inc. (NYSE:CMTG - Get Free Report) has been assigned an average recommendation of "Reduce" from the six analysts that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $7.44.

Several equities research analysts recently issued reports on CMTG shares. UBS Group dropped their price target on Claros Mortgage Trust from $8.50 to $8.00 and set a "neutral" rating on the stock in a research report on Friday, November 15th. Keefe, Bruyette & Woods raised their target price on shares of Claros Mortgage Trust from $6.75 to $7.25 and gave the stock an "underperform" rating in a report on Tuesday, November 12th. Wells Fargo & Company cut 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. reduced their price objective on 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.

Claros Mortgage Trust Stock Down 1.8 %

Shares of Claros Mortgage Trust stock opened at $6.44 on Thursday. The company has a quick ratio of 20.68, a current ratio of 20.68 and a debt-to-equity ratio of 2.11. The business has a 50-day moving average price of $6.99 and a 200 day moving average price of $7.84. Claros Mortgage Trust has a fifty-two week low of $6.08 and a fifty-two week high of $15.25. The firm has a market cap of $897.48 million, a P/E ratio of -10.22 and a beta of 1.51.

Hedge Funds Weigh In On Claros Mortgage Trust

Large investors have recently bought and sold shares of the stock. Gladius Capital Management LP bought a new position in Claros Mortgage Trust during the 2nd quarter valued at $33,000. Blue Trust Inc. boosted 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 buying an additional 5,177 shares in the last quarter. SG Americas Securities LLC grew its holdings in 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. MQS Management LLC bought a new stake in Claros Mortgage Trust in the first quarter worth about $128,000. Finally, GSA Capital Partners LLP acquired a new stake in Claros Mortgage Trust during the third quarter valued at approximately $101,000. 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.