Claros Mortgage Trust (NYSE:CMTG) Price Target Cut to $4.00 by Analysts at Keefe, Bruyette & Woods

Claros Mortgage Trust (NYSE:CMTG - Get Free Report) had its target price lowered by analysts at Keefe, Bruyette & Woods from $6.50 to $4.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an "underperform" rating on the stock. Keefe, Bruyette & Woods' price objective indicates a potential downside of 1.72% from the company's previous close.

A number of other analysts have also issued reports on the company. Wells Fargo & Company lowered 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. JPMorgan Chase & Co. cut their price objective on shares of Claros Mortgage Trust from $9.00 to $6.50 and set a "neutral" rating on the stock in a report on Thursday, October 17th. Finally, UBS Group upgraded shares of Claros Mortgage Trust from a "neutral" rating to a "buy" rating and lowered their target price for the company from $8.00 to $6.00 in a report on Friday. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $6.13.

Claros Mortgage Trust Trading Up 4.4 %

Shares of Claros Mortgage Trust stock traded up $0.17 during trading hours on Tuesday, reaching $4.07. 355,145 shares of the company's stock were exchanged, compared to its average volume of 572,718. Claros Mortgage Trust has a 52-week low of $3.66 and a 52-week high of $12.86. The company has a fifty day moving average of $5.70 and a 200-day moving average of $7.06. 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 capitalization of $567.21 million, a price-to-earnings ratio of -6.46 and a beta of 1.62.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company grew its position in Claros Mortgage Trust by 6.7% in the second quarter. The Manufacturers Life Insurance Company now owns 45,992 shares of the company's stock valued at $369,000 after acquiring an additional 2,885 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Claros Mortgage Trust by 2,260.7% in the third 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 period. Atria Investments Inc grew its holdings in Claros Mortgage Trust by 29.2% during the 3rd quarter. Atria Investments Inc now owns 25,743 shares of the company's stock valued at $193,000 after purchasing an additional 5,823 shares in the last quarter. State Street Corp increased its stake in Claros Mortgage Trust by 0.3% during the 3rd quarter. State Street Corp now owns 2,165,863 shares of the company's stock worth $16,436,000 after buying an additional 6,882 shares during the period. Finally, GSA Capital Partners LLP acquired a new position in Claros Mortgage Trust in the 3rd quarter worth $101,000. 89.53% of the stock is 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.