Claros Mortgage Trust (NYSE:CMTG) Price Target Lowered to $2.50 at Wells Fargo & Company

Claros Mortgage Trust (NYSE:CMTG) had its price target reduced by Wells Fargo & Company from $3.00 to $2.50 in a research note released on Friday,Benzinga reports. They currently have an underweight rating on the stock.

A number of other equities research analysts have also recently commented on CMTG. Keefe, Bruyette & Woods decreased their price objective on Claros Mortgage Trust from $3.25 to $3.00 and set an “underperform” rating for the company in a research note on Thursday, January 8th. Wall Street Zen upgraded Claros Mortgage Trust from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Claros Mortgage Trust in a research note on Monday, December 29th. Finally, UBS Group cut their price target on shares of Claros Mortgage Trust from $4.50 to $4.00 and set a “buy” rating on the stock in a research report on Friday, November 14th. One equities research analyst has rated the stock with a Buy rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $3.17.

Claros Mortgage Trust Trading Down 9.0%

Shares of NYSE CMTG opened at $2.37 on Friday. Claros Mortgage Trust has a fifty-two week low of $2.13 and a fifty-two week high of $4.30. The firm has a market capitalization of $331.62 million, a P/E ratio of -0.68 and a beta of 1.20. The company has a debt-to-equity ratio of 1.72, a current ratio of 21.44 and a quick ratio of 26.00. The company’s 50 day simple moving average is $2.89 and its 200 day simple moving average is $3.22.

Hedge Funds Weigh In On Claros Mortgage Trust

Institutional investors have recently modified their holdings of the business. BNP Paribas Financial Markets increased its stake in Claros Mortgage Trust by 75.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 8,938 shares of the company’s stock worth $25,000 after purchasing an additional 3,854 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Claros Mortgage Trust in the third quarter valued at approximately $34,000. Focus Partners Wealth acquired a new position in shares of Claros Mortgage Trust in the third quarter valued at approximately $34,000. Mariner LLC bought a new stake in shares of Claros Mortgage Trust during the fourth quarter worth $38,000. Finally, May Hill Capital LLC acquired a new stake in shares of Claros Mortgage Trust during the second quarter worth $39,000. Institutional investors own 89.53% of the company’s stock.

Claros Mortgage Trust Company Profile

Claros Mortgage Trust is a specialty finance company structured as a real estate investment trust that acquires and manages a portfolio of newly originated, conventional residential mortgage loans guaranteed or insured by U.S. government‐sponsored enterprises. The company concentrates on Agency collateral, including loans backed by Ginnie Mae, Fannie Mae and Freddie Mac, aiming to generate current income while preserving capital through high‐quality, credit‐enhanced assets.

Under an external management agreement with Claros Mortgage Capital Advisors LLC, the firm leverages a seasoned team to source, underwrite and service mortgage assets.