Claros Mortgage Trust (NYSE:CMTG) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

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

Separately, UBS Group reaffirmed a "buy" rating and set a $4.00 target price (up previously from $3.50) on shares of Claros Mortgage Trust in a research note on Wednesday, May 21st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $4.06.

Claros Mortgage Trust Stock Up 0.9%

Claros Mortgage Trust stock traded up $0.03 during trading hours on Thursday, reaching $3.21. The stock had a trading volume of 643,524 shares, compared to its average volume of 738,788. The business's 50 day moving average price is $2.79 and its 200-day moving average price is $3.11. 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 52 week low of $2.13 and a 52 week high of $9.81. The company has a market cap of $448.73 million, a price-to-earnings ratio of -1.81 and a beta of 1.21.

Claros Mortgage Trust (NYSE:CMTG - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported ($0.25) EPS for the quarter, beating the consensus estimate of ($0.32) by $0.07. The business 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%. Sell-side analysts anticipate that Claros Mortgage Trust will post 0.27 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets acquired a new stake in Claros Mortgage Trust in the fourth quarter valued at $46,000. Townsquare Capital LLC acquired a new position in shares of Claros Mortgage Trust in the fourth quarter valued at approximately $46,000. Squarepoint Ops LLC purchased a new position in shares of Claros Mortgage Trust during the 4th quarter worth $46,000. Envestnet Asset Management Inc. acquired a new stake in Claros Mortgage Trust in the 4th quarter worth about $47,000. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Claros Mortgage Trust in the fourth quarter worth approximately $47,000. 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.