Claros Mortgage Trust (NYSE:CMTG) Given New $2.75 Price Target at Keefe, Bruyette & Woods

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

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

Claros Mortgage Trust Price Performance

CMTG stock traded down $0.03 during trading on Thursday, hitting $3.20. The stock had a trading volume of 450,826 shares, compared to its average volume of 738,846. The company has a debt-to-equity ratio of 2.08, a current ratio of 35.57 and a quick ratio of 35.57. Claros Mortgage Trust has a twelve month low of $2.13 and a twelve month high of $9.81. The stock has a market capitalization of $446.63 million, a P/E ratio of -1.81 and a beta of 1.21. The company's 50-day moving average price is $2.80 and its two-hundred day moving average price is $3.11.

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC lifted its holdings in Claros Mortgage Trust by 342.3% in the second quarter. Farther Finance Advisors LLC now owns 14,195 shares of the company's stock valued at $40,000 after acquiring an additional 10,986 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in Claros Mortgage Trust in the second quarter valued at approximately $2,522,000. Strs Ohio purchased a new stake in Claros Mortgage Trust in the first quarter valued at approximately $61,000. Acadian Asset Management LLC purchased a new stake in Claros Mortgage Trust in the first quarter valued at approximately $126,000. Finally, Jane Street Group LLC raised its position in Claros Mortgage Trust by 620.9% in the first quarter. Jane Street Group LLC now owns 185,147 shares of the company's stock valued at $691,000 after purchasing an additional 159,465 shares during the period. 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.