Claros Mortgage Trust (NYSE:CMTG) Shares Down 4.3% – Should You Sell?

Claros Mortgage Trust, Inc. (NYSE:CMTG) shares were down 4.3% during mid-day trading on Tuesday . The stock traded as low as $6.73 and last traded at $6.74. Approximately 7,274 shares traded hands during trading, a decline of 98% from the average daily volume of 341,153 shares. The stock had previously closed at $7.04.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. reduced their target price 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. Wells Fargo & Company downgraded Claros Mortgage Trust from an “equal weight” rating to an “underweight” rating and set a $8.00 target price for the company. in a research note on Friday, September 20th. UBS Group cut their target price on shares of Claros Mortgage Trust from $8.50 to $8.00 and set a “neutral” rating for the company in a research note on Friday, November 15th. Finally, Keefe, Bruyette & Woods raised their price objective 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. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $7.44.

Claros Mortgage Trust Stock Down 5.3 %

The firm’s 50-day simple moving average is $6.89 and its two-hundred day simple moving average is $7.78. The stock has a market cap of $929.53 million, a price-to-earnings ratio of -11.18 and a beta of 1.51. The company has a debt-to-equity ratio of 2.11, a quick ratio of 20.68 and a current ratio of 20.68.

Institutional Investors Weigh In On Claros Mortgage Trust

Several institutional investors have recently modified their holdings of the business. Gladius Capital Management LP acquired a new stake in Claros Mortgage Trust during the 2nd quarter worth $33,000. Blue Trust Inc. boosted its position 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 worth $43,000 after purchasing an additional 5,177 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Claros Mortgage Trust during the third quarter worth $101,000. SG Americas Securities LLC boosted its holdings in Claros Mortgage Trust by 32.2% during the first quarter. SG Americas Securities LLC now owns 10,891 shares of the company’s stock worth $106,000 after buying an additional 2,651 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new position in shares of Claros Mortgage Trust during the 3rd quarter worth about $114,000. Institutional investors and hedge funds 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.