Claros Mortgage Trust (NYSE:CMTG) Price Target Lowered to $8.00 at UBS Group

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

A number of other equities analysts have also recently weighed in on CMTG. Wells Fargo & Company cut Claros Mortgage Trust from an “equal weight” rating to an “underweight” rating and set a $8.00 price target for the company. in a report on Friday, September 20th. Keefe, Bruyette & Woods lifted their price objective on Claros Mortgage Trust from $6.75 to $7.25 and gave the stock an “underperform” rating in a research report on Tuesday. BTIG Research began coverage on shares of Claros Mortgage Trust in a report on Friday, July 19th. They set a “neutral” rating for the company. Finally, 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. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $7.44.

Claros Mortgage Trust Stock Down 3.7 %

Claros Mortgage Trust stock traded down $0.26 during midday trading on Friday, hitting $6.70. 299,486 shares of the company’s stock were exchanged, compared to its average volume of 342,201. Claros Mortgage Trust has a 12 month low of $6.08 and a 12 month high of $15.25. The firm has a 50-day moving average of $7.04 and a two-hundred day moving average of $7.88. The company has a market cap of $933.71 million, a PE ratio of -10.63 and a beta of 1.51. The company has a debt-to-equity ratio of 2.11, a quick ratio of 28.19 and a current ratio of 20.68.

Hedge Funds Weigh In On Claros Mortgage Trust

A number of institutional investors have recently modified their holdings of CMTG. Waterfall Asset Management LLC acquired a new stake in Claros Mortgage Trust in the 2nd quarter valued at $4,448,000. Hotchkis & Wiley Capital Management LLC bought a new position in shares of Claros Mortgage Trust in the third quarter valued at approximately $2,552,000. Charles Schwab Investment Management Inc. boosted its stake in Claros Mortgage Trust by 15.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,402,648 shares of the company’s stock valued at $10,506,000 after purchasing an additional 188,950 shares in the last quarter. Barclays PLC boosted its stake in Claros Mortgage Trust by 332.1% during the third quarter. Barclays PLC now owns 138,291 shares of the company’s stock valued at $1,037,000 after buying an additional 106,289 shares in the last quarter. Finally, Zacks Investment Management boosted its position in shares of Claros Mortgage Trust by 26.1% during the 3rd quarter. Zacks Investment Management now owns 331,865 shares of the company’s stock valued at $2,486,000 after purchasing an additional 68,749 shares in the last quarter. Institutional investors and hedge funds own 89.53% of the company’s stock.

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.