Claros Mortgage downgraded to Market Perform from Outperform at JMP Securities

JMP Securities analyst Steven DeLaney downgraded Claros Mortgage to Market Perform from Outperform without a price target. The company’s levels of five-rated and nonaccrual loans both increased sharply in the fourth quarter, the analyst tells investors in a research note. With the shares now trading at 0.90 times book value, JMP views Claros as "reasonably fairly valued."