UBS Group Issues Pessimistic Forecast for Claros Mortgage Trust (NYSE:CMTG) Stock Price

Claros Mortgage Trust (NYSE:CMTG - Get Free Report) had its target price reduced by research analysts at UBS Group from $8.50 to $8.00 in a report released on Friday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. UBS Group's price target would suggest a potential upside of 19.40% from the company's previous close.

A number of other equities research analysts also recently commented on CMTG. Keefe, Bruyette & Woods increased their price objective on Claros Mortgage Trust from $6.75 to $7.25 and gave the company an "underperform" rating in a research report on Tuesday. JPMorgan Chase & Co. dropped 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. BTIG Research initiated coverage on shares of Claros Mortgage Trust in a research report on Friday, July 19th. They set a "neutral" rating on the stock. Finally, Wells Fargo & Company downgraded 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. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $7.44.

Claros Mortgage Trust Stock Performance

Shares of NYSE:CMTG traded down $0.26 during trading on Friday, hitting $6.70. 299,486 shares of the company traded hands, compared to its average volume of 342,201. The stock has a market capitalization of $933.71 million, a price-to-earnings ratio of -10.63 and a beta of 1.51. The business's fifty day moving average is $7.04 and its 200-day moving average is $7.88. Claros Mortgage Trust has a one year low of $6.08 and a one year high of $15.25. The company has a quick ratio of 28.19, a current ratio of 20.68 and a debt-to-equity ratio of 2.11.

Institutional Inflows and Outflows

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

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.