Claros Mortgage Trust (NYSE:CMTG) Reaches New 1-Year Low – Here’s What Happened

Claros Mortgage Trust, Inc. (NYSE:CMTG)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $3.69 and last traded at $3.69, with a volume of 5246 shares traded. The stock had previously closed at $3.81.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company lowered shares of Claros Mortgage Trust from an “equal weight” rating to an “underweight” rating and set a $8.00 price target on the stock. in a report on Friday, September 20th. JPMorgan Chase & Co. dropped 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 research note on Thursday, October 17th. UBS Group raised shares of Claros Mortgage Trust from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $8.00 to $6.00 in a report on Friday. Finally, Keefe, Bruyette & Woods upped their target price on shares of Claros Mortgage Trust from $6.75 to $7.25 and gave the company an “underperform” rating in a report on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $6.94.

Claros Mortgage Trust Trading Down 1.8 %

The firm has a market cap of $521.22 million, a PE ratio of -5.94 and a beta of 1.62. The company’s 50 day moving average price is $5.76 and its two-hundred day moving average price is $7.09. The company has a quick ratio of 20.68, a current ratio of 20.68 and a debt-to-equity ratio of 2.11.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. boosted its holdings in shares of Claros Mortgage Trust by 2,260.7% in the 3rd quarter. Blue Trust Inc. now owns 5,406 shares of the company’s stock valued at $43,000 after buying an additional 5,177 shares in the last quarter. GSA Capital Partners LLP bought a new stake in shares of Claros Mortgage Trust in the 3rd quarter valued at about $101,000. Intech Investment Management LLC bought a new stake in shares of Claros Mortgage Trust in the 3rd quarter valued at about $114,000. SG Americas Securities LLC bought a new stake in shares of Claros Mortgage Trust in the 3rd quarter valued at about $150,000. Finally, Atria Investments Inc boosted its stake in Claros Mortgage Trust by 29.2% in the 3rd quarter. Atria Investments Inc now owns 25,743 shares of the company’s stock worth $193,000 after purchasing an additional 5,823 shares in the last quarter. Hedge funds and other 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.