Keefe Bruyette lowered the firm’s price target on Claros Mortgage (CMTG) to $2.50 from $4 and keeps an Underperform rating on the shares. While valuation looks compelling, credit uncertainty remains high, the analyst tells investors in a research note.
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Read More on CMTG:
- Claros Mortgage Trust Faces GAAP Net Loss in Q4 2024
- Claros Mortgage files $250M mixed securities shelf
- Claros Mortgage files to sell 16.06M shares of common stock for holders
- Claros Mortgage Trust Faces $4.9 Billion Debt Challenge Amid Looming Maturities and Limited Financing Options
- Claros Mortgage Trust Reports 2024 Financial Results
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