Claros Mortgage Trust (NYSE:CMTG) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Claros Mortgage Trust (NYSE:CMTG) had its target price upped by Keefe, Bruyette & Woods from $6.75 to $7.25 in a research note issued to investors on Tuesday morning,Benzinga reports. The brokerage currently has an underperform rating on the stock.

CMTG has been the subject of several other research reports. JPMorgan Chase & Co. lowered 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 began coverage on shares of Claros Mortgage Trust in a research report on Friday, July 19th. They issued a “neutral” rating for the company. Finally, Wells Fargo & Company lowered Claros Mortgage Trust from an “equal weight” rating to an “underweight” rating and set a $8.00 target price on the stock. in a report on Friday, September 20th. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to MarketBeat.com, Claros Mortgage Trust has a consensus rating of “Hold” and an average target price of $7.44.

Claros Mortgage Trust Stock Performance

Shares of CMTG stock opened at $6.70 on Tuesday. The stock has a market cap of $933.71 million, a PE ratio of -10.63 and a beta of 1.51. The stock has a 50-day moving average of $7.04 and a 200-day moving average of $7.88. The company has a debt-to-equity ratio of 2.11, a current ratio of 20.68 and a quick ratio of 28.19. Claros Mortgage Trust has a one year low of $6.08 and a one year high of $15.25.

Institutional Investors Weigh In On Claros Mortgage Trust

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Barclays PLC boosted its stake in Claros Mortgage Trust by 332.1% in the 3rd quarter. Barclays PLC now owns 138,291 shares of the company’s stock worth $1,037,000 after purchasing an additional 106,289 shares during the period. Zacks Investment Management boosted its position in shares of Claros Mortgage Trust by 26.1% during the third quarter. Zacks Investment Management now owns 331,865 shares of the company’s stock worth $2,486,000 after buying an additional 68,749 shares during the period. State Street Corp grew its holdings in shares of Claros Mortgage Trust by 0.3% during the third quarter. State Street Corp now owns 2,165,863 shares of the company’s stock worth $16,436,000 after buying an additional 6,882 shares in the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new stake in Claros Mortgage Trust in the 3rd quarter valued at approximately $2,552,000. Finally, PDT Partners LLC acquired a new stake in Claros Mortgage Trust in the 3rd quarter valued at approximately $208,000. 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.