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

Key Points

• Keefe, Bruyette & Woods has raised the price target for Claros Mortgage Trust from $2.75 to $3.00 while maintaining an "underperform" rating, indicating a potential downside of 8.12% from the current stock price.
• UBS Group has also revised its price objective for Claros Mortgage Trust to $4.00, reflecting a positive outlook with a "buy" rating.
• Claros Mortgage Trust shares increased by 2.4%, trading at $3.27, with institutional investors holding 89.53% of the stock, highlighting significant institutional interest.

Claros Mortgage Trust (NYSE:CMTG - Get Free Report) had its target price raised by equities research analysts at Keefe, Bruyette & Woods from $2.75 to $3.00 in a report released on Tuesday,Benzinga reports. The firm presently has an "underperform" rating on the stock. Keefe, Bruyette & Woods' target price would suggest a potential downside of 8.12% from the stock's previous close.

Separately, UBS Group reaffirmed a "buy" rating and set a $4.00 price objective (up previously from $3.50) on shares of Claros Mortgage Trust in a research report on Wednesday, May 21st.

Claros Mortgage Trust Stock Up 2.4%

Shares of Claros Mortgage Trust stock traded up $0.08 during trading on Tuesday, reaching $3.27. The company had a trading volume of 45,330 shares, compared to its average volume of 1,004,363. The company has a market cap of $456.51 million, a price-to-earnings ratio of -1.10 and a beta of 1.21. The firm's fifty day moving average is $3.06 and its 200-day moving average is $2.96. The company has a debt-to-equity ratio of 1.92, a quick ratio of 30.23 and a current ratio of 30.23. Claros Mortgage Trust has a fifty-two week low of $2.13 and a fifty-two week high of $8.60.

Institutional Investors Weigh In On Claros Mortgage Trust

Large investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio increased its position in Claros Mortgage Trust by 119.8% in the second quarter. Public Employees Retirement System of Ohio now owns 9,860 shares of the company's stock worth $28,000 after buying an additional 5,374 shares during the period. BNP Paribas Financial Markets acquired a new stake in shares of Claros Mortgage Trust in the fourth quarter valued at approximately $46,000. Townsquare Capital LLC acquired a new stake in shares of Claros Mortgage Trust in the fourth quarter valued at approximately $46,000. Squarepoint Ops LLC acquired a new stake in shares of Claros Mortgage Trust in the fourth quarter valued at approximately $46,000. Finally, Envestnet Asset Management Inc. acquired a new stake in shares of Claros Mortgage Trust in the fourth quarter valued at approximately $47,000. 89.53% of the stock is owned by institutional investors and hedge funds.

Claros Mortgage Trust Company Profile

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.

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