Claros Mortgage Trust (NYSE:CMTG) Shares Down 5.2% – What’s Next?

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

Wall Street Analysts Forecast Growth

CMTG has been the topic of a number of analyst reports. JPMorgan Chase & Co. decreased 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 report on Thursday, October 17th. UBS Group upgraded Claros Mortgage Trust from a “neutral” rating to a “buy” rating and reduced their price target for the company from $8.00 to $6.00 in a report on Friday, January 10th. Finally, Keefe, Bruyette & Woods dropped their price objective on Claros Mortgage Trust from $6.50 to $4.00 and set an “underperform” rating for the company in a report on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $6.13.

Claros Mortgage Trust Price Performance

The stock has a market cap of $498.50 million, a PE ratio of -5.69 and a beta of 1.62. The company has a current ratio of 20.68, a quick ratio of 20.68 and a debt-to-equity ratio of 2.11. The business has a fifty day simple moving average of $5.38 and a two-hundred day simple moving average of $6.92.

Hedge Funds Weigh In On Claros Mortgage Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its holdings in shares of Claros Mortgage Trust by 2,260.7% during the third quarter. Blue Trust Inc. now owns 5,406 shares of the company’s stock valued at $43,000 after purchasing an additional 5,177 shares during the last quarter. GSA Capital Partners LLP bought a new position in Claros Mortgage Trust during the 3rd quarter valued at approximately $101,000. SG Americas Securities LLC raised its stake in Claros Mortgage Trust by 18.4% during the fourth quarter. SG Americas Securities LLC now owns 23,769 shares of the company’s stock valued at $107,000 after buying an additional 3,694 shares during the last quarter. Intech Investment Management LLC bought a new stake in Claros Mortgage Trust in the third quarter worth $114,000. Finally, Atria Investments Inc grew its stake in shares of Claros Mortgage Trust by 29.2% in the third quarter. Atria Investments Inc now owns 25,743 shares of the company’s stock worth $193,000 after acquiring an additional 5,823 shares during the last quarter. 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.