Claros Mortgage Trust (NYSE:CMTG) Stock Price Down 5.2% – Time to Sell?

Claros Mortgage Trust, Inc. (NYSE:CMTG)’s share price fell 5.2% during trading on Tuesday . The company traded as low as $3.72 and last traded at $3.66. 51,314 shares traded hands during trading, a decline of 89% from the average session volume of 477,807 shares. The stock had previously closed at $3.86.

Analyst Upgrades and Downgrades

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

Claros Mortgage Trust Stock Up 1.6 %

The business has a 50-day simple moving average of $5.23 and a 200-day simple moving average of $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. The company has a market cap of $484.28 million, a price-to-earnings ratio of -5.52 and a beta of 1.62.

Claros Mortgage Trust (NYSE:CMTG) last issued its earnings results on Thursday, November 7th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.05. Claros Mortgage Trust had a negative net margin of 32.75% and a positive return on equity of 5.60%. The firm had revenue of $64.88 million for the quarter, compared to analysts’ expectations of $69.48 million. During the same quarter last year, the company earned ($0.16) earnings per share. On average, equities analysts anticipate that Claros Mortgage Trust, Inc. will post -0.09 earnings per share for the current fiscal year.

Institutional Trading of Claros Mortgage Trust

Hedge funds and other institutional investors have recently bought and sold shares of the business. Blue Trust Inc. lifted its position in shares of Claros Mortgage Trust by 2,260.7% during the 3rd quarter. Blue Trust Inc. now owns 5,406 shares of the company’s stock worth $43,000 after buying an additional 5,177 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in Claros Mortgage Trust during the 3rd quarter worth $101,000. Intech Investment Management LLC purchased a new stake in Claros Mortgage Trust in the third quarter valued at $114,000. SG Americas Securities LLC purchased a new stake in Claros Mortgage Trust in the third quarter valued at $150,000. Finally, Atria Investments Inc boosted its stake in Claros Mortgage Trust by 29.2% in the third quarter. Atria Investments Inc now owns 25,743 shares of the company’s stock valued at $193,000 after acquiring an additional 5,823 shares in the last quarter. 89.53% of the stock is currently owned by institutional investors and hedge funds.

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.