Keefe, Bruyette & Woods Lowers Claros Mortgage Trust (NYSE:CMTG) Price Target to $2.50

Claros Mortgage Trust (NYSE:CMTG) had its price target 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 firm currently has an “underperform” rating on the stock. Keefe, Bruyette & Woods’ price objective points to a potential upside of 7.99% from the company’s current price.

CMTG has been the subject of a number of other research reports. UBS Group dropped their price objective on shares of Claros Mortgage Trust from $6.00 to $5.25 and set a “buy” rating for the company in a research note on Tuesday. Wells Fargo & Company dropped their price target on shares of Claros Mortgage Trust from $8.00 to $3.00 and set an “underweight” rating for the company in a research report on Tuesday. Two equities 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $4.31.

Claros Mortgage Trust Stock Up 1.1 %

Shares of NYSE CMTG opened at $2.32 on Thursday. The firm has a market cap of $322.63 million, a P/E ratio of -1.46 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. Claros Mortgage Trust has a 1 year low of $2.22 and a 1 year high of $10.15. The firm’s 50 day moving average price is $3.58 and its 200 day moving average price is $5.83.

Claros Mortgage Trust (NYSE:CMTG) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.03. The business had revenue of $60.23 million for the quarter, compared to analysts’ expectations of $58.07 million. Claros Mortgage Trust had a positive return on equity of 4.72% and a negative net margin of 89.07%. As a group, sell-side analysts anticipate that Claros Mortgage Trust will post 0.27 earnings per share for the current year.

Hedge Funds Weigh In On Claros Mortgage Trust

Several hedge funds and other institutional investors have recently modified their holdings of CMTG. Blue Trust Inc. raised its holdings in 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 buying an additional 5,177 shares during the period. 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 acquiring an additional 5,823 shares during the period. GSA Capital Partners LLP purchased a new position in shares of Claros Mortgage Trust in the 3rd quarter valued at $101,000. Quest Partners LLC lifted its holdings in shares of Claros Mortgage Trust by 5,222.4% during the 3rd quarter. Quest Partners LLC now owns 41,515 shares of the company’s stock valued at $311,000 after acquiring an additional 40,735 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new stake in Claros Mortgage Trust during the 3rd quarter worth $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.