Claros Mortgage Trust (NYSE:CMTG) Price Target Cut to $2.50 by Analysts at Keefe, Bruyette & Woods

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

CMTG has been the topic of a number of other reports. UBS Group decreased their price target on Claros Mortgage Trust from $6.00 to $5.25 and set a “buy” rating on the stock in a research note on Tuesday. Wells Fargo & Company decreased their target price on Claros Mortgage Trust from $8.00 to $3.00 and set an “underweight” rating on the stock in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $4.31.

Claros Mortgage Trust Stock Down 8.2 %

NYSE CMTG opened at $2.29 on Thursday. Claros Mortgage Trust has a 52 week low of $2.25 and a 52 week high of $10.15. The firm has a market cap of $318.44 million, a PE ratio of -1.44 and a beta of 1.57. The business’s fifty day simple moving average is $3.62 and its 200-day simple moving average is $5.86. The company has a quick ratio of 20.68, a current ratio of 25.67 and a debt-to-equity ratio of 2.08.

Claros Mortgage Trust (NYSE:CMTG) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.03. The business had revenue of $60.23 million during the quarter, compared to analysts’ expectations of $58.07 million. Claros Mortgage Trust had a positive return on equity of 4.72% and a negative net margin of 89.07%. As a group, equities analysts anticipate that Claros Mortgage Trust will post 0.27 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Koch Inc. purchased a new position in shares of Claros Mortgage Trust in the 4th quarter valued at about $68,374,000. Hotchkis & Wiley Capital Management LLC acquired a new position in Claros Mortgage Trust during the 3rd quarter worth approximately $2,552,000. JPMorgan Chase & Co. increased its position in shares of Claros Mortgage Trust by 236.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 479,430 shares of the company’s stock valued at $3,591,000 after purchasing an additional 336,931 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Claros Mortgage Trust by 19.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,679,701 shares of the company’s stock valued at $7,592,000 after purchasing an additional 277,053 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Claros Mortgage Trust by 62.1% during the 4th quarter. Bank of New York Mellon Corp now owns 568,754 shares of the company’s stock worth $2,571,000 after purchasing an additional 217,989 shares during the last quarter. 89.53% of the stock is 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.