Claros Mortgage Trust (NYSE:CMTG) Stock Price Down 5.2% – Should You Sell?

Shares of Claros Mortgage Trust, Inc. (NYSE:CMTG) fell 5.2% on Tuesday . The company traded as low as $3.72 and last traded at $3.66. 51,314 shares traded hands during trading, a decline of 89% from the average session volume of 477,807 shares. The stock had previously closed at $3.86.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CMTG shares. JPMorgan Chase & Co. decreased their price target on Claros Mortgage Trust from $9.00 to $6.50 and set a “neutral” rating on the stock in a research report on Thursday, October 17th. Keefe, Bruyette & Woods lowered their target price on shares of Claros Mortgage Trust from $6.50 to $4.00 and set an “underperform” rating on the stock in a research note on Tuesday, January 14th. Finally, UBS Group upgraded shares of Claros Mortgage Trust from a “neutral” rating to a “buy” rating and reduced their price target for the company from $8.00 to $6.00 in a research report on Friday, January 10th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $6.13.

Claros Mortgage Trust Trading Down 7.3 %

The stock’s 50 day simple moving average is $5.38 and its 200 day simple moving average is $6.92. The company has a debt-to-equity ratio of 2.11, a quick ratio of 20.68 and a current ratio of 20.68. The firm has a market cap of $498.50 million, a PE ratio of -5.69 and a beta of 1.62.

Institutional Investors Weigh In On Claros Mortgage Trust

Several hedge funds have recently added to or reduced their stakes in CMTG. Blue Trust Inc. lifted its stake in Claros Mortgage Trust by 2,260.7% in the third quarter. Blue Trust Inc. now owns 5,406 shares of the company’s stock worth $43,000 after purchasing an additional 5,177 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in Claros Mortgage Trust during the 3rd quarter valued at about $101,000. SG Americas Securities LLC grew its position in Claros Mortgage Trust by 18.4% during the 4th quarter. SG Americas Securities LLC now owns 23,769 shares of the company’s stock worth $107,000 after acquiring an additional 3,694 shares during the last quarter. Intech Investment Management LLC purchased a new position in Claros Mortgage Trust in the 3rd quarter worth approximately $114,000. Finally, Atria Investments Inc lifted its position in Claros Mortgage Trust by 29.2% in the third quarter. Atria Investments Inc now owns 25,743 shares of the company’s stock valued at $193,000 after purchasing an additional 5,823 shares during the last quarter. Institutional investors own 89.53% of the company’s stock.

About Claros Mortgage Trust

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.