UBS Group Issues Pessimistic Forecast for Claros Mortgage Trust (NYSE:CMTG) Stock Price

Claros Mortgage Trust (NYSE:CMTG) had its price objective decreased by UBS Group from $8.50 to $8.00 in a report issued on Friday,Benzinga reports. UBS Group currently has a neutral rating on the stock.

Other equities research analysts also recently issued reports about the stock. JPMorgan Chase & Co. cut their target price 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. BTIG Research initiated coverage on Claros Mortgage Trust in a research note on Friday, July 19th. They set a “neutral” rating for the company. Keefe, Bruyette & Woods lifted their price target on Claros Mortgage Trust from $6.75 to $7.25 and gave the company an “underperform” rating in a research note on Tuesday. Finally, 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 for the company. in a research report on Friday, September 20th. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $7.44.

Claros Mortgage Trust Stock Down 3.7 %

NYSE CMTG traded down $0.26 during trading hours on Friday, reaching $6.70. 299,486 shares of the company’s stock were exchanged, compared to its average volume of 342,201. The company’s 50-day moving average is $7.04 and its two-hundred day moving average is $7.88. The company has a debt-to-equity ratio of 2.11, a quick ratio of 28.19 and a current ratio of 20.68. Claros Mortgage Trust has a one year low of $6.08 and a one year high of $15.25. The company has a market capitalization of $933.71 million, a price-to-earnings ratio of -10.63 and a beta of 1.51.

Institutional Investors Weigh In On Claros Mortgage Trust

Several hedge funds have recently added to or reduced their stakes in CMTG. Gladius Capital Management LP bought a new position in Claros Mortgage Trust during the 2nd quarter valued at approximately $33,000. Blue Trust Inc. raised its holdings in Claros Mortgage Trust by 2,260.7% in the 3rd quarter. Blue Trust Inc. now owns 5,406 shares of the company’s stock worth $43,000 after acquiring an additional 5,177 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of Claros Mortgage Trust in the third quarter worth approximately $101,000. Covestor Ltd boosted its stake in shares of Claros Mortgage Trust by 349.4% in the 1st quarter. Covestor Ltd now owns 10,897 shares of the company’s stock worth $106,000 after buying an additional 8,472 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of Claros Mortgage Trust by 32.2% during the 1st quarter. SG Americas Securities LLC now owns 10,891 shares of the company’s stock valued at $106,000 after purchasing an additional 2,651 shares during the period. Institutional investors own 89.53% of the company’s stock.

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.