Claros Mortgage Trust (NYSE:CMTG) Price Target Cut to $2.50 by Analysts at Keefe, Bruyette & Woods

Claros Mortgage Trust (NYSE:CMTG) had its target price reduced by Keefe, Bruyette & Woods from $3.00 to $2.50 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has an “underperform” rating on the stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 5.80% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. Wells Fargo & Company reduced their price target on shares of Claros Mortgage Trust from $3.00 to $2.50 and set an “underweight” rating for the company in a research report on Friday, February 20th. Wall Street Zen cut Claros Mortgage Trust from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. UBS Group lowered their price target on Claros Mortgage Trust from $4.50 to $4.00 and set a “buy” rating on the stock in a report on Friday, November 14th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Claros Mortgage Trust in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Claros Mortgage Trust presently has a consensus rating of “Reduce” and a consensus price target of $3.00.

Claros Mortgage Trust Stock Up 0.6%

CMTG stock opened at $2.36 on Monday. Claros Mortgage Trust has a 1-year low of $2.13 and a 1-year high of $4.30. The business has a fifty day moving average price of $2.79 and a 200-day moving average price of $3.19. The company has a debt-to-equity ratio of 1.72, a current ratio of 21.44 and a quick ratio of 21.44. The stock has a market capitalization of $331.34 million, a P/E ratio of -0.68 and a beta of 1.20.

Insider Transactions at Claros Mortgage Trust

In related news, Director W Edward Walter acquired 25,000 shares of the firm’s stock in a transaction on Tuesday, February 24th. The shares were acquired at an average cost of $2.28 per share, for a total transaction of $57,000.00. Following the completion of the transaction, the director directly owned 32,000 shares in the company, valued at approximately $72,960. This trade represents a 357.14% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. AQR Capital Management LLC purchased a new stake in shares of Claros Mortgage Trust in the first quarter worth approximately $78,000. Jane Street Group LLC increased its stake in Claros Mortgage Trust by 620.9% in the 1st quarter. Jane Street Group LLC now owns 185,147 shares of the company’s stock worth $691,000 after buying an additional 159,465 shares during the period. Acadian Asset Management LLC purchased a new stake in Claros Mortgage Trust in the 1st quarter valued at about $126,000. Strs Ohio purchased a new position in shares of Claros Mortgage Trust during the first quarter worth approximately $61,000. Finally, CWM LLC raised its stake in shares of Claros Mortgage Trust by 332.1% during the second quarter. CWM LLC now owns 17,654 shares of the company’s stock valued at $50,000 after acquiring an additional 13,568 shares in the last quarter. 89.53% of the stock is owned by hedge funds and other institutional investors.

About Claros Mortgage Trust

Claros Mortgage Trust is a specialty finance company structured as a real estate investment trust that acquires and manages a portfolio of newly originated, conventional residential mortgage loans guaranteed or insured by U.S. government‐sponsored enterprises. The company concentrates on Agency collateral, including loans backed by Ginnie Mae, Fannie Mae and Freddie Mac, aiming to generate current income while preserving capital through high‐quality, credit‐enhanced assets.

Under an external management agreement with Claros Mortgage Capital Advisors LLC, the firm leverages a seasoned team to source, underwrite and service mortgage assets.