Claros Mortgage Trust (NYSE:CMTG) Price Target Cut to $2.50 by Analysts at Wells Fargo & Company

Claros Mortgage Trust (NYSE:CMTG) had its price objective lowered by equities researchers at Wells Fargo & Company from $3.00 to $2.50 in a report released on Friday,Benzinga reports. The firm presently has an “underweight” rating on the stock. Wells Fargo & Company‘s target price suggests a potential upside of 1.42% from the company’s current price.

A number of other equities analysts have also recently issued reports on the company. Weiss Ratings restated a “sell (d)” rating on shares of Claros Mortgage Trust in a report on Monday, December 29th. UBS Group dropped their price objective on shares of Claros Mortgage Trust from $4.50 to $4.00 and set a “buy” rating on the stock in a report on Friday, November 14th. Keefe, Bruyette & Woods decreased their target price on Claros Mortgage Trust from $3.25 to $3.00 and set an “underperform” rating for the company in a research report on Thursday, January 8th. Finally, Wall Street Zen raised Claros Mortgage Trust from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $3.17.

Claros Mortgage Trust Trading Down 5.2%

NYSE CMTG traded down $0.14 during mid-day trading on Friday, reaching $2.47. 344,934 shares of the stock were exchanged, compared to its average volume of 412,407. The stock has a market cap of $345.64 million, a P/E ratio of -0.70 and a beta of 1.20. The company has a debt-to-equity ratio of 1.79, a current ratio of 26.00 and a quick ratio of 26.00. Claros Mortgage Trust has a one year low of $2.13 and a one year high of $4.30. The stock has a 50 day simple moving average of $2.92 and a 200-day simple moving average of $3.22.

Institutional Investors Weigh In On Claros Mortgage Trust

A number of institutional investors have recently added to or reduced their stakes in the company. Vident Advisory LLC lifted its position in shares of Claros Mortgage Trust by 10.3% during the 4th quarter. Vident Advisory LLC now owns 71,360 shares of the company’s stock worth $218,000 after buying an additional 6,655 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Claros Mortgage Trust by 23.4% during the fourth quarter. AQR Capital Management LLC now owns 276,068 shares of the company’s stock valued at $845,000 after acquiring an additional 52,280 shares during the last quarter. Abel Hall LLC purchased a new stake in shares of Claros Mortgage Trust during the fourth quarter valued at approximately $62,000. Mariner LLC bought a new stake in Claros Mortgage Trust during the fourth quarter worth $38,000. Finally, Barclays PLC boosted its position in Claros Mortgage Trust by 10.7% in the fourth quarter. Barclays PLC now owns 143,901 shares of the company’s stock worth $440,000 after purchasing an additional 13,886 shares during the last quarter. 89.53% of the stock is owned by institutional investors.

Claros Mortgage Trust Company Profile

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.