Claros Mortgage Trust (NYSE:CMTG) Given New $2.50 Price Target at Keefe, Bruyette & Woods

Claros Mortgage Trust (NYSE:CMTG - Get Free Report) had its target price decreased by equities research analysts at Keefe, Bruyette & Woods from $4.00 to $2.50 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an "underperform" rating on the stock. Keefe, Bruyette & Woods' price target would suggest a potential upside of 13.12% from the stock's current price.

CMTG has been the topic of several other reports. Wells Fargo & Company decreased their target price on Claros Mortgage Trust from $8.00 to $3.00 and set an "underweight" rating for the company in a report on Tuesday, February 25th. UBS Group dropped their price objective on shares of Claros Mortgage Trust from $6.00 to $5.25 and set a "buy" rating on the stock in a research note on Tuesday, February 25th. Two research 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's stock. Based on data from MarketBeat.com, Claros Mortgage Trust currently has a consensus rating of "Hold" and a consensus price target of $4.31.

Claros Mortgage Trust Stock Performance

NYSE CMTG traded down $0.12 during trading hours on Thursday, hitting $2.21. The company had a trading volume of 1,049,201 shares, compared to its average volume of 789,232. The business has a 50 day moving average of $3.54 and a 200-day moving average of $5.77. Claros Mortgage Trust has a 1-year low of $2.17 and a 1-year high of $10.15. The company has a market cap of $307.99 million, a PE ratio of -1.39 and a beta of 1.57. The company has a debt-to-equity ratio of 2.08, a quick ratio of 20.68 and a current ratio of 25.67.

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Claros Mortgage Trust (NYSE:CMTG - Get Free Report) last issued its earnings results on Wednesday, February 19th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.12 by $0.03. Claros Mortgage Trust had a positive return on equity of 4.72% and a negative net margin of 89.07%. The business had revenue of $60.23 million during the quarter, compared to the consensus estimate of $58.07 million. As a group, equities research analysts expect that Claros Mortgage Trust will post 0.27 EPS for the current year.

Hedge Funds Weigh In On Claros Mortgage Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CMTG. Blue Trust Inc. boosted its stake in shares of Claros Mortgage Trust by 2,260.7% in the 3rd 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. Arlington Trust Co LLC acquired a new stake in shares of Claros Mortgage Trust in the fourth quarter valued at about $43,000. Townsquare Capital LLC acquired a new stake in Claros Mortgage Trust in the fourth quarter valued at $46,000. BNP Paribas Financial Markets acquired a new stake in shares of Claros Mortgage Trust in the fourth quarter valued at approximately $46,000. Finally, Squarepoint Ops LLC bought a new stake in shares of Claros Mortgage Trust during the 4th quarter worth about $46,000. 89.53% of the stock is currently owned by institutional investors and hedge funds.

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.