Claros Mortgage Trust (NYSE:CMTG) Price Target Lowered to $8.00 at UBS Group

Claros Mortgage Trust (NYSE:CMTG) had its price target cut by stock analysts at UBS Group from $8.50 to $8.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s price objective points to a potential upside of 17.30% from the company’s previous close.

Several other brokerages have also issued reports on CMTG. BTIG Research started coverage on Claros Mortgage Trust in a research report on Friday, July 19th. They set a “neutral” rating for the company. JPMorgan Chase & Co. lowered their price objective 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. Wells Fargo & Company lowered Claros Mortgage Trust from an “equal weight” rating to an “underweight” rating and set a $8.00 price objective for the company. in a research report on Friday, September 20th. Finally, Keefe, Bruyette & Woods lifted their price objective on Claros Mortgage Trust from $6.75 to $7.25 and gave the stock an “underperform” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $7.44.

Claros Mortgage Trust Trading Down 2.0 %

NYSE:CMTG traded down $0.14 during trading hours on Friday, hitting $6.82. 35,011 shares of the company were exchanged, compared to its average volume of 340,990. The stock has a market capitalization of $950.44 million, a price-to-earnings ratio of -10.83 and a beta of 1.51. The company has a current ratio of 20.68, a quick ratio of 28.19 and a debt-to-equity ratio of 2.11. Claros Mortgage Trust has a one year low of $6.08 and a one year high of $15.25. The company has a fifty day simple moving average of $7.08 and a 200 day simple moving average of $7.91.

Institutional Trading of Claros Mortgage Trust

Large investors have recently made changes to their positions in the company. Waterfall Asset Management LLC acquired a new stake in shares of Claros Mortgage Trust in the 2nd quarter valued at about $4,448,000. Blue Trust Inc. grew 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 buying an additional 5,177 shares during the period. ProShare Advisors LLC grew its stake in shares of Claros Mortgage Trust by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 16,316 shares of the company’s stock valued at $159,000 after buying an additional 1,284 shares during the period. SG Americas Securities LLC grew its stake in shares of Claros Mortgage Trust by 32.2% in the 1st quarter. SG Americas Securities LLC now owns 10,891 shares of the company’s stock valued at $106,000 after buying an additional 2,651 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its stake in Claros Mortgage Trust by 6.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 45,992 shares of the company’s stock valued at $369,000 after purchasing an additional 2,885 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.