Claros Mortgage Trust (NYSE:CMTG) Hits New 52-Week Low – Should You Sell?

Claros Mortgage Trust, Inc. (NYSE:CMTG)’s share price hit a new 52-week low on Wednesday . The company traded as low as $3.56 and last traded at $3.64, with a volume of 428967 shares changing hands. The stock had previously closed at $3.86.

Analyst Ratings Changes

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

Claros Mortgage Trust Stock Performance

The firm has a market capitalization of $484.28 million, a price-to-earnings ratio of -5.52 and a beta of 1.62. The firm’s 50-day moving average price is $5.23 and its two-hundred day moving average price is $6.87. The company has a debt-to-equity ratio of 2.11, a quick ratio of 20.68 and a current ratio of 20.68.

Claros Mortgage Trust (NYSE:CMTG) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.05. Claros Mortgage Trust had a positive return on equity of 5.60% and a negative net margin of 32.75%. The company had revenue of $64.88 million for the quarter, compared to the consensus estimate of $69.48 million. During the same period in the previous year, the business earned ($0.16) earnings per share. Sell-side analysts predict that Claros Mortgage Trust, Inc. will post -0.09 earnings per share for the current year.

Institutional Trading of Claros Mortgage Trust

A number of large investors have recently bought and sold shares of CMTG. Blue Trust Inc. boosted its stake 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 purchasing an additional 5,177 shares in the last quarter. GSA Capital Partners LLP bought a new position in Claros Mortgage Trust during the 3rd quarter valued at about $101,000. SG Americas Securities LLC boosted its position in Claros Mortgage Trust by 18.4% in the fourth quarter. SG Americas Securities LLC now owns 23,769 shares of the company’s stock valued at $107,000 after buying an additional 3,694 shares in the last quarter. Intech Investment Management LLC bought a new stake in Claros Mortgage Trust during the third quarter worth about $114,000. Finally, Atria Investments Inc increased its holdings in shares of Claros Mortgage Trust by 29.2% during the third quarter. Atria Investments Inc now owns 25,743 shares of the company’s stock worth $193,000 after buying an additional 5,823 shares in the last quarter. 89.53% of the stock is currently owned by institutional investors.

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.