Claros Mortgage Trust (NYSE:CMTG) Upgraded by UBS Group to “Buy” Rating

UBS Group upgraded shares of Claros Mortgage Trust (NYSE:CMTG) from a neutral rating to a buy rating in a research note issued to investors on Friday morning, MarketBeat.com reports. They currently have $6.00 price objective on the stock, down from their previous price objective of $8.00.

Several other equities analysts have also weighed in on the stock. Keefe, Bruyette & Woods lifted their target price on shares of Claros Mortgage Trust from $6.75 to $7.25 and gave the company an “underperform” rating in a report on Tuesday, November 12th. Wells Fargo & Company cut Claros Mortgage Trust from an “equal weight” rating to an “underweight” rating and set a $8.00 price objective on the stock. in a research note on Friday, September 20th. Finally, JPMorgan Chase & Co. decreased their target price on Claros Mortgage Trust from $9.00 to $6.50 and set a “neutral” rating for the company in a research report on Thursday, October 17th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $6.94.

Claros Mortgage Trust Trading Down 1.8 %

NYSE CMTG opened at $3.81 on Friday. The firm has a market capitalization of $530.97 million, a price-to-earnings ratio of -6.05 and a beta of 1.62. The company has a debt-to-equity ratio of 2.11, a quick ratio of 20.68 and a current ratio of 20.68. Claros Mortgage Trust has a one year low of $3.70 and a one year high of $12.86. The company’s 50 day moving average price is $5.76 and its 200 day moving average price is $7.10.

Institutional Trading of Claros Mortgage Trust

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Waterfall Asset Management LLC acquired a new stake in Claros Mortgage Trust during the 2nd quarter valued at approximately $4,448,000. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of Claros Mortgage Trust in the third quarter worth $2,552,000. JPMorgan Chase & Co. increased its stake in shares of Claros Mortgage Trust by 236.4% in the third quarter. JPMorgan Chase & Co. now owns 479,430 shares of the company’s stock worth $3,591,000 after buying an additional 336,931 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Claros Mortgage Trust by 15.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,402,648 shares of the company’s stock valued at $10,506,000 after acquiring an additional 188,950 shares in the last quarter. Finally, Barclays PLC boosted its stake in Claros Mortgage Trust by 332.1% during the 3rd quarter. Barclays PLC now owns 138,291 shares of the company’s stock valued at $1,037,000 after acquiring an additional 106,289 shares during the last quarter. 89.53% of the stock is owned by hedge funds and other institutional investors.

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.