Keefe, Bruyette & Woods Cuts Claros Mortgage Trust (NYSE:CMTG) Price Target to $3.00

Claros Mortgage Trust (NYSE:CMTG) had its price objective lowered by Keefe, Bruyette & Woods from $3.25 to $3.00 in a research report released on Thursday morning,Benzinga reports. The brokerage currently has an underperform rating on the stock.

A number of other analysts have also recently weighed in on CMTG. UBS Group decreased their price objective on Claros Mortgage Trust from $4.50 to $4.00 and set a “buy” rating for the company in a research report on Friday, November 14th. Weiss Ratings restated a “sell (d)” rating on shares of Claros Mortgage Trust in a research note on Monday, December 29th. Finally, Wall Street Zen raised Claros Mortgage Trust from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. One analyst has rated the stock with a Buy rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $3.33.

Claros Mortgage Trust Trading Down 2.3%

Claros Mortgage Trust stock opened at $2.79 on Thursday. Claros Mortgage Trust has a 52 week low of $2.13 and a 52 week high of $4.30. The company has a quick ratio of 26.00, a current ratio of 26.00 and a debt-to-equity ratio of 1.79. The company has a market capitalization of $390.51 million, a price-to-earnings ratio of -1.05 and a beta of 1.20. The stock has a 50-day moving average price of $3.18 and a 200 day moving average price of $3.29.

Claros Mortgage Trust (NYSE:CMTG) last announced its earnings results on Friday, March 3rd. The company reported $0.38 EPS for the quarter. Claros Mortgage Trust had a negative net margin of 184.07% and a negative return on equity of 7.99%. The business had revenue of $84.11 million during the quarter. Sell-side analysts anticipate that Claros Mortgage Trust will post 0.27 EPS for the current year.

Institutional Trading of Claros Mortgage Trust

Several hedge funds have recently modified their holdings of CMTG. Kingstone Capital Partners Texas LLC purchased a new position in Claros Mortgage Trust in the second quarter valued at about $2,522,000. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of Claros Mortgage Trust by 53.9% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,805,395 shares of the company’s stock worth $5,994,000 after acquiring an additional 632,105 shares in the last quarter. Balyasny Asset Management L.P. grew its holdings in shares of Claros Mortgage Trust by 22.9% in the 2nd quarter. Balyasny Asset Management L.P. now owns 1,946,597 shares of the company’s stock worth $5,548,000 after acquiring an additional 362,130 shares during the period. Algert Global LLC grew its holdings in shares of Claros Mortgage Trust by 880.8% in the 3rd quarter. Algert Global LLC now owns 383,686 shares of the company’s stock worth $1,274,000 after acquiring an additional 344,566 shares during the period. Finally, Prudential Financial Inc. increased its stake in Claros Mortgage Trust by 450.3% in the 2nd quarter. Prudential Financial Inc. now owns 282,625 shares of the company’s stock valued at $805,000 after purchasing an additional 231,268 shares in the last quarter. 89.53% of the stock is owned by institutional investors and hedge funds.

About Claros Mortgage Trust

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.