Claros Mortgage Trust, Inc. (NYSE:CMTG) Receives $7.44 Average PT from Brokerages

Shares of Claros Mortgage Trust, Inc. (NYSE:CMTG) have been given a consensus rating of “Reduce” by the six analysts that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $6.13.

CMTG has been the topic of a number of analyst reports. Keefe, Bruyette & Woods dropped their price target on Claros Mortgage Trust from $6.50 to $4.00 and set an “underperform” rating on the stock in a research report on Tuesday. UBS Group raised Claros Mortgage Trust from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $8.00 to $6.00 in a report on Friday, January 10th. JPMorgan Chase & Co. cut their target price on Claros Mortgage Trust from $9.00 to $6.50 and set a “neutral” rating on the stock in a research note on Thursday, October 17th. Finally, Wells Fargo & Company lowered 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.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp raised its stake in Claros Mortgage Trust by 9.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 408,766 shares of the company’s stock valued at $3,278,000 after buying an additional 36,911 shares during the last quarter. Waterfall Asset Management LLC bought a new stake in shares of Claros Mortgage Trust in the second quarter worth $4,448,000. The Manufacturers Life Insurance Company increased its position in Claros Mortgage Trust by 6.7% during the second quarter. The Manufacturers Life Insurance Company now owns 45,992 shares of the company’s stock valued at $369,000 after acquiring an additional 2,885 shares during the last quarter. Algert Global LLC purchased a new stake in Claros Mortgage Trust during the second quarter valued at $224,000. Finally, SG Americas Securities LLC bought a new stake in shares of Claros Mortgage Trust during the 3rd quarter valued at about $150,000. Institutional investors own 89.53% of the company’s stock.

Claros Mortgage Trust Trading Up 4.4 %

NYSE:CMTG opened at $4.07 on Friday. The firm has a market capitalization of $567.21 million, a P/E ratio of -6.46 and a beta of 1.62. The company has a debt-to-equity ratio of 2.11, a current ratio of 20.68 and a quick ratio of 20.68. Claros Mortgage Trust has a one year low of $3.66 and a one year high of $12.86. The company’s 50-day simple moving average is $5.65 and its 200 day simple moving average is $7.04.

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.