Claros Mortgage Trust (NYSE:CMTG) Raised to "Buy" at UBS Group

Claros Mortgage Trust (NYSE:CMTG - Get Free Report) was upgraded by investment analysts at UBS Group from a "neutral" rating to a "buy" rating in a research report issued on Friday, MarketBeat reports. The firm presently has a $6.00 price target on the stock, down from their prior price target of $8.00. UBS Group's price objective indicates a potential upside of 57.48% from the company's current price.

CMTG has been the topic of a number of other reports. 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 on the stock. in a research note on Friday, September 20th. Keefe, Bruyette & Woods raised their price target on shares of 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, JPMorgan Chase & Co. decreased their price target on shares of 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. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Claros Mortgage Trust has an average rating of "Hold" and a consensus target price of $6.94.

Claros Mortgage Trust Price Performance

Shares of NYSE:CMTG traded down $0.07 during trading on Friday, reaching $3.81. 518,641 shares of the company's stock traded hands, compared to its average volume of 613,273. Claros Mortgage Trust has a fifty-two week low of $3.70 and a fifty-two week high of $12.86. 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 firm has a market cap of $530.97 million, a PE ratio of -6.05 and a beta of 1.62. The company has a 50-day simple moving average of $5.81 and a 200-day simple moving average of $7.14.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Waterfall Asset Management LLC acquired a new stake in shares of Claros Mortgage Trust during the 2nd quarter worth approximately $4,448,000. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of Claros Mortgage Trust during the 3rd quarter worth approximately $2,552,000. JPMorgan Chase & Co. increased its holdings in shares of Claros Mortgage Trust by 236.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 479,430 shares of the company's stock worth $3,591,000 after buying an additional 336,931 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of 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 worth $10,506,000 after buying an additional 188,950 shares during the last quarter. Finally, Barclays PLC increased its holdings in shares of Claros Mortgage Trust by 332.1% during the 3rd quarter. Barclays PLC now owns 138,291 shares of the company's stock worth $1,037,000 after buying an additional 106,289 shares during the last quarter. 89.53% of the stock is owned by hedge funds and other institutional investors.

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.