Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Claros Mortgage Trust (NYSE:CMTG) Stock

Claros Mortgage Trust (NYSE:CMTG - Free Report) had its target price upped by Keefe, Bruyette & Woods from $2.25 to $2.75 in a report published on Thursday,Benzinga reports. They currently have an underperform rating on the stock.

Separately, UBS Group reissued a "buy" rating and issued a $4.00 target price (up previously from $3.50) on shares of Claros Mortgage Trust in a research report on Wednesday, May 21st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $4.06.

Claros Mortgage Trust Stock Down 0.8%

Claros Mortgage Trust stock traded down $0.03 during midday trading on Thursday, hitting $3.20. 450,826 shares of the stock were exchanged, compared to its average volume of 740,442. Claros Mortgage Trust has a 1 year low of $2.13 and a 1 year high of $9.81. The firm has a market cap of $446.63 million, a P/E ratio of -1.81 and a beta of 1.21. The company has a debt-to-equity ratio of 2.08, a current ratio of 35.57 and a quick ratio of 35.57. The company has a 50 day moving average price of $2.80 and a two-hundred day moving average price of $3.09.

Claros Mortgage Trust (NYSE:CMTG - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported ($0.25) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.32) by $0.07. The firm had revenue of $44.50 million for the quarter, compared to the consensus estimate of $41.91 million. Claros Mortgage Trust had a negative net margin of 106.06% and a positive return on equity of 1.79%. On average, sell-side analysts predict that Claros Mortgage Trust will post 0.27 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Claros Mortgage Trust

Institutional investors have recently modified their holdings of the business. Farther Finance Advisors LLC grew its position in shares of Claros Mortgage Trust by 342.3% during the 2nd quarter. Farther Finance Advisors LLC now owns 14,195 shares of the company's stock valued at $40,000 after buying an additional 10,986 shares during the last quarter. Townsquare Capital LLC bought a new stake in shares of Claros Mortgage Trust during the 4th quarter valued at about $46,000. BNP Paribas Financial Markets bought a new stake in shares of Claros Mortgage Trust during the 4th quarter valued at about $46,000. Squarepoint Ops LLC acquired a new position in Claros Mortgage Trust during the 4th quarter valued at about $46,000. Finally, Proficio Capital Partners LLC acquired a new position in Claros Mortgage Trust during the 4th quarter valued at about $47,000. Institutional investors 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.