Claros Mortgage Trust (NYSE:CMTG) Stock Rating Upgraded by UBS Group

Claros Mortgage Trust (NYSE:CMTG) was upgraded by UBS Group from a “neutral” rating to a “buy” rating in a report released on Friday, MarketBeat reports. The brokerage presently has a $6.00 price target on the stock, down from their previous price target of $8.00. UBS Group’s price target would indicate a potential upside of 57.48% from the stock’s current price.

Other equities analysts have also issued reports about the company. Keefe, Bruyette & Woods increased their price target on Claros Mortgage Trust from $6.75 to $7.25 and gave the company an “underperform” rating in a research note on Tuesday, November 12th. JPMorgan Chase & Co. lowered 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. Finally, Wells Fargo & Company downgraded shares of Claros Mortgage Trust from an “equal weight” rating to an “underweight” rating and set a $8.00 price target on the stock. in a research note on Friday, September 20th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $6.94.

Claros Mortgage Trust Stock Down 1.8 %

Shares of CMTG stock opened at $3.81 on Friday. The stock has a market cap of $530.97 million, a P/E ratio of -6.05 and a beta of 1.62. The company’s fifty day simple moving average is $5.76 and its two-hundred day simple moving average is $7.11. The company has a quick ratio of 20.68, a current ratio of 20.68 and a debt-to-equity ratio of 2.11. Claros Mortgage Trust has a 52 week low of $3.70 and a 52 week high of $12.86.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Waterfall Asset Management LLC purchased a new stake in shares of Claros Mortgage Trust in the second quarter worth approximately $4,448,000. Hotchkis & Wiley Capital Management LLC bought a new position in Claros Mortgage Trust in the 3rd quarter worth about $2,552,000. JPMorgan Chase & Co. raised its stake in shares of Claros Mortgage Trust by 236.4% during the third quarter. JPMorgan Chase & Co. now owns 479,430 shares of the company’s stock valued at $3,591,000 after acquiring an additional 336,931 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Claros Mortgage Trust by 15.6% during 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 holdings in shares of Claros Mortgage Trust by 332.1% in the third quarter. Barclays PLC now owns 138,291 shares of the company’s stock valued at $1,037,000 after purchasing an additional 106,289 shares during the period. Institutional investors own 89.53% of the company’s stock.

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.