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

Shares of Claros Mortgage Trust, Inc. (NYSE:CMTG) have received an average recommendation of “Reduce” from the six research firms that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $7.44.

CMTG has been the subject of a number of research reports. JPMorgan Chase & Co. lowered their price target on Claros Mortgage Trust from $9.00 to $6.50 and set a “neutral” rating for the company in a research report on Thursday, October 17th. UBS Group dropped their target price on shares of Claros Mortgage Trust from $8.50 to $8.00 and set a “neutral” rating for the company in a research report on Friday, November 15th. Wells Fargo & Company cut 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 report on Friday, September 20th. Finally, Keefe, Bruyette & Woods increased their price target on Claros Mortgage Trust from $6.75 to $7.25 and gave the company an “underperform” rating in a report on Tuesday, November 12th.

Claros Mortgage Trust Stock Up 3.2 %

Shares of CMTG opened at $4.24 on Monday. Claros Mortgage Trust has a fifty-two week low of $4.03 and a fifty-two week high of $14.62. The company’s fifty day moving average is $6.42 and its two-hundred day moving average is $7.52. The firm has a market cap of $590.90 million, a PE ratio of -6.73 and a beta of 1.52. The company has a quick ratio of 20.68, a current ratio of 20.68 and a debt-to-equity ratio of 2.11.

Hedge Funds Weigh In On Claros Mortgage Trust

A number of institutional investors have recently made changes to their positions in the business. Waterfall Asset Management LLC bought a new stake in shares of Claros Mortgage Trust in the second quarter worth $4,448,000. Atria Investments Inc raised its stake in shares of Claros Mortgage Trust by 29.2% in 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. Charles Schwab Investment Management Inc. raised its stake in shares of Claros Mortgage Trust by 15.6% in 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 in the last quarter. GSA Capital Partners LLP bought a new position in shares of Claros Mortgage Trust during the third quarter worth about $101,000. Finally, Intech Investment Management LLC acquired a new position in Claros Mortgage Trust in the third quarter worth about $114,000. 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.