Claros Mortgage Trust (NYSE:CMTG) Hits New 1-Year Low – Time to Sell?

Shares of Claros Mortgage Trust, Inc. (NYSE:CMTG) reached a new 52-week low during trading on Tuesday . The stock traded as low as $3.93 and last traded at $3.93, with a volume of 194606 shares changing hands. The stock had previously closed at $4.05.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CMTG. UBS Group reduced their price target on shares of Claros Mortgage Trust from $8.50 to $8.00 and set a “neutral” rating on the stock in a research note on Friday, November 15th. Keefe, Bruyette & Woods raised their price target on Claros Mortgage Trust from $6.75 to $7.25 and gave the stock an “underperform” rating in a research report on Tuesday, November 12th. JPMorgan Chase & Co. cut their price objective on Claros Mortgage Trust from $9.00 to $6.50 and set a “neutral” rating on the stock in a report on Thursday, October 17th. Finally, Wells Fargo & Company lowered shares of Claros Mortgage Trust from an “equal weight” rating to an “underweight” rating and set a $8.00 price objective for the company. in a research note on Friday, September 20th. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $7.44.

Claros Mortgage Trust Stock Down 2.8 %

The company has a quick ratio of 20.68, a current ratio of 20.68 and a debt-to-equity ratio of 2.11. The firm’s fifty day moving average is $5.85 and its 200-day moving average is $7.17. The stock has a market capitalization of $542.12 million, a PE ratio of -6.17 and a beta of 1.62.

Institutional Trading of Claros Mortgage Trust

Several large investors have recently bought and sold shares of CMTG. Bank of New York Mellon Corp grew its holdings in Claros Mortgage Trust by 9.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 408,766 shares of the company’s stock valued at $3,278,000 after buying an additional 36,911 shares during the last quarter. Waterfall Asset Management LLC acquired a new stake in shares of Claros Mortgage Trust during the second quarter valued at $4,448,000. The Manufacturers Life Insurance Company increased its position in 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 purchasing an additional 2,885 shares in the last quarter. Algert Global LLC acquired a new position in Claros Mortgage Trust in the 2nd quarter valued at about $224,000. Finally, SG Americas Securities LLC purchased a new position in Claros Mortgage Trust in the 3rd quarter valued at about $150,000. Institutional investors and hedge funds 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.