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

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

Wall Street Analysts Forecast Growth

CMTG has been the topic of a number of research reports. UBS Group dropped their price objective on 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 upped their price target on shares of Claros Mortgage Trust from $6.75 to $7.25 and gave the company an “underperform” rating in a report on Tuesday, November 12th. JPMorgan Chase & Co. lowered their price objective on shares of Claros Mortgage Trust from $9.00 to $6.50 and set a “neutral” rating on the stock in a research note on Thursday, October 17th. Finally, Wells Fargo & Company downgraded shares of Claros Mortgage Trust from an “equal weight” rating to an “underweight” rating and set a $8.00 target price on the stock. in a report 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 stock presently has an average rating of “Hold” and an average price target of $7.44.

Claros Mortgage Trust Price Performance

The stock has a 50-day moving average of $6.86 and a two-hundred day moving average of $7.77. The firm has a market cap of $946.25 million, a price-to-earnings ratio of -10.78 and a beta of 1.51. The company has a current ratio of 20.68, a quick ratio of 20.68 and a debt-to-equity ratio of 2.11.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Gladius Capital Management LP acquired a new position in Claros Mortgage Trust in the 2nd quarter worth approximately $33,000. Blue Trust Inc. boosted its position in shares of Claros Mortgage Trust by 2,260.7% in the third 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 period. GSA Capital Partners LLP purchased a new position in shares of Claros Mortgage Trust during the third quarter valued at $101,000. Intech Investment Management LLC acquired a new position in Claros Mortgage Trust during the third quarter valued at $114,000. Finally, Simplicity Wealth LLC purchased a new stake in Claros Mortgage Trust in the 2nd quarter worth about $121,000. 89.53% of the stock is owned by hedge funds and other 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.