Claros Mortgage Trust (NYSE:CMTG) Price Target Raised to $3.00

Claros Mortgage Trust (NYSE:CMTG) had its target price boosted by Keefe, Bruyette & Woods from $2.75 to $3.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an underperform rating on the stock.

Separately, UBS Group restated a “buy” rating and issued a $4.00 target price (up from $3.50) on shares of Claros Mortgage Trust in a report on Wednesday, May 21st.

Claros Mortgage Trust Stock Down 0.7%

CMTG opened at $3.47 on Tuesday. Claros Mortgage Trust has a 12 month low of $2.13 and a 12 month high of $8.60. The business has a 50-day moving average of $3.10 and a two-hundred day moving average of $2.97. The company has a debt-to-equity ratio of 1.92, a current ratio of 30.23 and a quick ratio of 30.23. The stock has a market capitalization of $484.76 million, a price-to-earnings ratio of -1.16 and a beta of 1.21.

Hedge Funds Weigh In On Claros Mortgage Trust

A number of large investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio grew its holdings in shares of Claros Mortgage Trust by 119.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 9,860 shares of the company’s stock worth $28,000 after purchasing an additional 5,374 shares during the period. May Hill Capital LLC acquired a new stake in Claros Mortgage Trust in the 2nd quarter valued at $39,000. Farther Finance Advisors LLC increased its holdings in Claros Mortgage Trust by 342.3% in the 2nd quarter. Farther Finance Advisors LLC now owns 14,195 shares of the company’s stock valued at $40,000 after purchasing an additional 10,986 shares in the last quarter. Catalyst Funds Management Pty Ltd purchased a new position in Claros Mortgage Trust in the second quarter valued at about $41,000. Finally, Jump Financial LLC acquired a new position in shares of Claros Mortgage Trust during the second quarter worth about $44,000. 89.53% of the stock is currently owned by hedge funds and other institutional investors.

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.