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

Claros Mortgage Trust (NYSE:CMTG) had its price objective lowered by Keefe, Bruyette & Woods from $4.00 to $2.50 in a research report released on Thursday,Benzinga reports. The firm currently has an underperform rating on the stock.

Several other research firms have also weighed in on CMTG. Wells Fargo & Company cut their target price on shares of Claros Mortgage Trust from $8.00 to $3.00 and set an “underweight” rating on the stock in a report on Tuesday, February 25th. UBS Group cut their target price on shares of Claros Mortgage Trust from $6.00 to $5.25 and set a “buy” rating on the stock in a report on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $4.31.

Claros Mortgage Trust Trading Up 1.1 %

Shares of NYSE CMTG opened at $2.32 on Thursday. The company’s 50 day simple moving average is $3.54 and its 200 day simple moving average is $5.79. Claros Mortgage Trust has a fifty-two week low of $2.22 and a fifty-two week high of $10.15. The firm has a market capitalization 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 current ratio of 25.67 and a quick ratio of 20.68.

Claros Mortgage Trust (NYSE:CMTG) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.03. The business had revenue of $60.23 million for the quarter, compared to analyst estimates of $58.07 million. Claros Mortgage Trust had a negative net margin of 89.07% and a positive return on equity of 4.72%. On average, analysts predict that Claros Mortgage Trust will post 0.27 EPS for the current year.

Institutional Investors Weigh In On Claros Mortgage Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Koch Inc. acquired a new stake in shares of Claros Mortgage Trust during the fourth quarter worth $68,374,000. Squarepoint Ops LLC acquired a new stake in shares of Claros Mortgage Trust during the fourth quarter worth $46,000. ProShare Advisors LLC raised its holdings in shares of Claros Mortgage Trust by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 24,311 shares of the company’s stock worth $110,000 after acquiring an additional 7,999 shares during the period. Quantinno Capital Management LP bought a new position in Claros Mortgage Trust in the fourth quarter valued at $115,000. Finally, Millennium Management LLC grew its position in Claros Mortgage Trust by 38.4% in the fourth quarter. Millennium Management LLC now owns 135,388 shares of the company’s stock valued at $612,000 after purchasing an additional 37,548 shares in the last quarter. 89.53% of the stock is currently 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.