Analysts Set Claros Mortgage Trust, Inc. (NYSE:CMTG) Target Price at $7.44

Claros Mortgage Trust, Inc. (NYSE:CMTG - Get Free Report) has received a consensus recommendation of "Reduce" from the six brokerages that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $7.44.

A number of analysts have recently commented on CMTG shares. Keefe, Bruyette & Woods boosted their price target on Claros Mortgage Trust from $6.75 to $7.25 and gave the stock an "underperform" rating in a research report on Tuesday, November 12th. UBS Group lowered their price target on Claros Mortgage Trust from $8.50 to $8.00 and set a "neutral" rating on the stock in a report on Friday, November 15th. Wells Fargo & Company lowered Claros Mortgage Trust from an "equal weight" rating to an "underweight" rating and set a $8.00 target price for the company. in a research report on Friday, September 20th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Claros Mortgage Trust from $9.00 to $6.50 and set a "neutral" rating for the company in a report on Thursday, October 17th.

Hedge Funds Weigh In On Claros Mortgage Trust

A number of hedge funds have recently modified their holdings of the company. Waterfall Asset Management LLC purchased a new position in shares of Claros Mortgage Trust during the 2nd quarter valued at $4,448,000. Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of Claros Mortgage Trust during the third quarter worth about $2,552,000. Charles Schwab Investment Management Inc. raised its stake in Claros Mortgage Trust by 15.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,402,648 shares of the company's stock valued at $10,506,000 after purchasing an additional 188,950 shares during the period. Barclays PLC lifted its holdings in Claros Mortgage Trust by 332.1% in the 3rd quarter. Barclays PLC now owns 138,291 shares of the company's stock worth $1,037,000 after purchasing an additional 106,289 shares in the last quarter. Finally, Zacks Investment Management boosted its stake in Claros Mortgage Trust by 26.1% in the 3rd quarter. Zacks Investment Management now owns 331,865 shares of the company's stock worth $2,486,000 after purchasing an additional 68,749 shares during the period. 89.53% of the stock is currently owned by institutional investors.

Claros Mortgage Trust Trading Down 1.7 %

NYSE CMTG traded down $0.11 on Monday, hitting $6.28. The company's stock had a trading volume of 224,979 shares, compared to its average volume of 338,124. The company's 50-day simple moving average is $6.57 and its 200 day simple moving average is $7.63. Claros Mortgage Trust has a 52-week low of $6.07 and a 52-week high of $14.69. The company has a current ratio of 20.68, a quick ratio of 20.68 and a debt-to-equity ratio of 2.11. The firm has a market cap of $875.18 million, a P/E ratio of -9.97 and a beta of 1.52.

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.