Claros Mortgage Trust (NYSE:CMTG) Trading Down 5.1% – Should You Sell?

Claros Mortgage Trust, Inc. (NYSE:CMTG)’s stock price traded down 5.1% on Tuesday . The stock traded as low as $2.15 and last traded at $2.1550. 396,364 shares changed hands during trading, a decline of 52% from the average session volume of 821,074 shares. The stock had previously closed at $2.27.

Wall Street Analysts Forecast Growth

CMTG has been the topic of several recent analyst reports. Keefe, Bruyette & Woods dropped their price target on Claros Mortgage Trust from $3.00 to $2.50 and set an “underperform” rating on the stock in a research report on Monday, March 2nd. Wall Street Zen cut Claros Mortgage Trust from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. Wells Fargo & Company dropped their target price on shares of Claros Mortgage Trust from $3.00 to $2.50 and set an “underweight” rating on the stock in a research report on Friday, February 20th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Claros Mortgage Trust in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $3.00.

Claros Mortgage Trust Stock Up 7.6%

The firm has a 50 day moving average of $2.56 and a 200-day moving average of $3.04. The company has a debt-to-equity ratio of 1.72, a current ratio of 21.44 and a quick ratio of 21.44. The stock has a market capitalization of $327.41 million, a P/E ratio of -0.67 and a beta of 1.21.

Insider Activity at Claros Mortgage Trust

In other news, CFO Mike Mcgillis bought 20,000 shares of Claros Mortgage Trust stock in a transaction that occurred on Monday, March 2nd. The stock was purchased at an average cost of $2.34 per share, with a total value of $46,800.00. Following the completion of the transaction, the chief financial officer directly owned 603,007 shares in the company, valued at $1,411,036.38. This trade represents a 3.43% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director W Edward Walter purchased 25,000 shares of the stock in a transaction on Tuesday, February 24th. The stock was acquired at an average cost of $2.28 per share, for a total transaction of $57,000.00. Following the acquisition, the director directly owned 32,000 shares in the company, valued at approximately $72,960. This trade represents a 357.14% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders bought 95,000 shares of company stock worth $224,300. 1.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Claros Mortgage Trust

Several large investors have recently made changes to their positions in CMTG. The Manufacturers Life Insurance Company grew its stake in Claros Mortgage Trust by 9.6% during the second quarter. The Manufacturers Life Insurance Company now owns 36,223 shares of the company’s stock worth $103,000 after buying an additional 3,163 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of Claros Mortgage Trust by 75.8% in the second quarter. BNP Paribas Financial Markets now owns 8,938 shares of the company’s stock valued at $25,000 after acquiring an additional 3,854 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Claros Mortgage Trust by 18.5% in the 4th quarter. Renaissance Technologies LLC now owns 26,900 shares of the company’s stock worth $82,000 after acquiring an additional 4,200 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Claros Mortgage Trust by 53.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 17,193 shares of the company’s stock worth $49,000 after acquiring an additional 5,976 shares in the last quarter. Finally, Vident Advisory LLC grew its position in Claros Mortgage Trust by 10.3% during the 4th quarter. Vident Advisory LLC now owns 71,360 shares of the company’s stock worth $218,000 after acquiring an additional 6,655 shares during the last quarter. Institutional investors own 89.53% of the company’s stock.

Claros Mortgage Trust Company Profile

Claros Mortgage Trust is a specialty finance company structured as a real estate investment trust that acquires and manages a portfolio of newly originated, conventional residential mortgage loans guaranteed or insured by U.S. government‐sponsored enterprises. The company concentrates on Agency collateral, including loans backed by Ginnie Mae, Fannie Mae and Freddie Mac, aiming to generate current income while preserving capital through high‐quality, credit‐enhanced assets.

Under an external management agreement with Claros Mortgage Capital Advisors LLC, the firm leverages a seasoned team to source, underwrite and service mortgage assets.