Claros Mortgage Trust (NYSE:CMTG) Stock Price Down 4.3% – Should You Sell?

Claros Mortgage Trust, Inc. (NYSE:CMTG)’s stock price traded down 4.3% during trading on Tuesday . The company traded as low as $6.73 and last traded at $6.74. 7,274 shares traded hands during trading, a decline of 98% from the average session volume of 341,153 shares. The stock had previously closed at $7.04.

Analyst Ratings Changes

A number of equities analysts have weighed in on CMTG shares. UBS Group reduced their price target on Claros Mortgage Trust from $8.50 to $8.00 and set a “neutral” rating for the company in a research report on Friday, November 15th. Keefe, Bruyette & Woods raised 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. Wells Fargo & Company downgraded Claros Mortgage Trust from an “equal weight” rating to an “underweight” rating and set a $8.00 price objective for the company. in a report on Friday, September 20th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Claros Mortgage Trust from $9.00 to $6.50 and set a “neutral” rating on the stock in a report on Thursday, October 17th. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $7.44.

Claros Mortgage Trust Price Performance

The firm has a market capitalization of $929.53 million, a price-to-earnings ratio of -11.18 and a beta of 1.51. The business has a fifty day moving average of $6.89 and a two-hundred day moving average of $7.78. The company has a debt-to-equity ratio of 2.11, a quick ratio of 20.68 and a current ratio of 20.68.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CMTG. ProShare Advisors LLC raised its position in shares of Claros Mortgage Trust by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 16,316 shares of the company’s stock valued at $159,000 after buying an additional 1,284 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of Claros Mortgage Trust by 32.2% in the 1st quarter. SG Americas Securities LLC now owns 10,891 shares of the company’s stock valued at $106,000 after purchasing an additional 2,651 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Claros Mortgage Trust by 6.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 45,992 shares of the company’s stock worth $369,000 after buying an additional 2,885 shares in the last quarter. Gladius Capital Management LP bought a new stake in shares of Claros Mortgage Trust during the 2nd quarter worth $33,000. Finally, Blue Trust Inc. raised its stake in Claros Mortgage Trust by 2,260.7% during the third quarter. Blue Trust Inc. now owns 5,406 shares of the company’s stock worth $43,000 after acquiring an additional 5,177 shares in the last quarter. Institutional investors own 89.53% of the company’s stock.

Claros Mortgage Trust Company Profile

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.