Claros Mortgage Trust, Inc. (NYSE:CMTG) Receives $7.44 Consensus Price Target from Analysts

Claros Mortgage Trust, Inc. (NYSE:CMTG) has been given a consensus rating of “Reduce” by the six analysts that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $7.44.

Several research firms recently weighed in on CMTG. Keefe, Bruyette & Woods raised their price objective on Claros Mortgage Trust from $6.75 to $7.25 and gave the company an “underperform” rating in a research note on Tuesday, November 12th. UBS Group dropped their price target on 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 lowered shares of Claros Mortgage Trust from an “equal weight” rating to an “underweight” rating and set a $8.00 price objective on the stock. in a research report on Friday, September 20th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Claros Mortgage Trust from $9.00 to $6.50 and set a “neutral” rating for the company in a research note on Thursday, October 17th.

Hedge Funds Weigh In On Claros Mortgage Trust

Institutional investors have recently modified their holdings of the company. Barclays PLC boosted its position 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 acquiring an additional 106,289 shares during the last quarter. Zacks Investment Management lifted its stake in shares of Claros Mortgage Trust by 26.1% during the 3rd 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 period. State Street Corp grew its position in shares of Claros Mortgage Trust by 0.3% in the third quarter. State Street Corp now owns 2,165,863 shares of the company’s stock valued at $16,436,000 after purchasing an additional 6,882 shares during the period. Hotchkis & Wiley Capital Management LLC acquired a new position in Claros Mortgage Trust in the third quarter valued at $2,552,000. Finally, PDT Partners LLC purchased a new position in Claros Mortgage Trust during the third quarter worth about $208,000. Institutional investors and hedge funds own 89.53% of the company’s stock.

Claros Mortgage Trust Trading Up 3.2 %

Shares of Claros Mortgage Trust stock opened at $4.24 on Monday. The company has a 50-day moving average of $6.42 and a two-hundred day moving average of $7.52. Claros Mortgage Trust has a 12-month low of $4.03 and a 12-month high of $14.62. 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 stock has a market cap of $590.90 million, a PE ratio of -6.73 and a beta of 1.52.

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.