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

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

Wall Street Analysts Forecast Growth

CMTG has been the topic of a number of analyst reports. UBS Group cut their price objective on shares of Claros Mortgage Trust from $8.50 to $8.00 and set a “neutral” rating on the stock in a research report on Friday, November 15th. Wells Fargo & Company downgraded Claros Mortgage Trust from an “equal weight” rating to an “underweight” rating and set a $8.00 price target on the stock. in a report on Friday, September 20th. Keefe, Bruyette & Woods boosted their price objective on Claros Mortgage Trust from $6.75 to $7.25 and gave the company an “underperform” rating in a report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. decreased their target price on Claros Mortgage Trust from $9.00 to $6.50 and set a “neutral” rating for the company in a research report on Thursday, October 17th. Two 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 presently has a consensus rating of “Hold” and a consensus price target of $7.44.

Claros Mortgage Trust Trading Down 1.7 %

The company’s 50-day moving average is $5.95 and its 200 day moving average is $7.22. The company has a market cap of $554.66 million, a price-to-earnings ratio of -6.32 and a beta of 1.62. The company has a quick ratio of 20.68, a current ratio of 20.68 and a debt-to-equity ratio of 2.11.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CMTG. JPMorgan Chase & Co. lifted its stake in Claros Mortgage Trust by 236.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 479,430 shares of the company’s stock worth $3,591,000 after acquiring an additional 336,931 shares in the last quarter. Barclays PLC grew its position in Claros Mortgage Trust by 332.1% in the 3rd quarter. Barclays PLC now owns 138,291 shares of the company’s stock valued at $1,037,000 after buying an additional 106,289 shares during the last quarter. Zacks Investment Management increased its position in Claros Mortgage Trust by 26.1% during the 3rd quarter. Zacks Investment Management now owns 331,865 shares of the company’s stock worth $2,486,000 after purchasing an additional 68,749 shares during the period. State Street Corp lifted its stake in shares of Claros Mortgage Trust by 0.3% in the third quarter. State Street Corp now owns 2,165,863 shares of the company’s stock valued at $16,436,000 after purchasing an additional 6,882 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC acquired a new position in shares of Claros Mortgage Trust during the 3rd quarter worth approximately $2,552,000. Hedge funds and other 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.