Claros Mortgage Trust (NYSE:CMTG) Hits New 12-Month Low – Should You Sell?

Claros Mortgage Trust, Inc. (NYSE:CMTG)’s stock price reached a new 52-week low on Wednesday . The company traded as low as $4.65 and last traded at $4.74, with a volume of 15308 shares. The stock had previously closed at $4.78.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Keefe, Bruyette & Woods raised their price objective on shares of Claros Mortgage Trust from $6.75 to $7.25 and gave the company an “underperform” rating in a research note on Tuesday, November 12th. UBS Group dropped 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 note on Friday, November 15th. JPMorgan Chase & Co. cut their price objective 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. Finally, Wells Fargo & Company lowered Claros Mortgage Trust from an “equal weight” rating to an “underweight” rating and set a $8.00 target price on the stock. in a research note on Friday, September 20th. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $7.44.

Claros Mortgage Trust Trading Down 1.0 %

The firm has a market cap of $659.19 million, a P/E ratio of -7.59 and a beta of 1.52. The business’s 50-day moving average is $6.57 and its two-hundred day moving average is $7.63. The company has a current ratio of 20.68, a quick ratio of 20.68 and a debt-to-equity ratio of 2.11.

Hedge Funds Weigh In On Claros Mortgage Trust

Large investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company boosted its holdings in Claros Mortgage Trust by 6.7% during the second quarter. The Manufacturers Life Insurance Company now owns 45,992 shares of the company’s stock worth $369,000 after buying an additional 2,885 shares in the last quarter. Blue Trust Inc. lifted 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 valued at $43,000 after acquiring an additional 5,177 shares in the last quarter. Atria Investments Inc grew its position in Claros Mortgage Trust by 29.2% during the 3rd quarter. Atria Investments Inc now owns 25,743 shares of the company’s stock worth $193,000 after purchasing an additional 5,823 shares in the last quarter. State Street Corp raised its stake in Claros Mortgage Trust by 0.3% during the 3rd 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, GSA Capital Partners LLP purchased a new position in shares of Claros Mortgage Trust during the third quarter valued at $101,000. Institutional investors and hedge funds own 89.53% of the company’s stock.

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.