Claros Mortgage Trust (NYSE:CMTG) Trading Down 4.3% – Time to Sell?

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. decreased their target price on shares of Claros Mortgage Trust from $9.00 to $6.50 and set a “neutral” rating for the company in a research note on Thursday, October 17th. UBS Group cut their price objective on Claros Mortgage Trust from $8.50 to $8.00 and set a “neutral” rating for the company in a report on Friday, November 15th. Keefe, Bruyette & Woods boosted their target price on Claros Mortgage Trust from $6.75 to $7.25 and gave the company an “underperform” rating in a research note on Tuesday, November 12th. Finally, Wells Fargo & Company downgraded Claros Mortgage Trust from an “equal weight” rating to an “underweight” rating and set a $8.00 price target for the company. in a research note on Friday, September 20th. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $7.44.

Claros Mortgage Trust Price Performance

The company has a debt-to-equity ratio of 2.11, a current ratio of 20.68 and a quick ratio of 20.68. The stock has a market capitalization of $946.25 million, a P/E ratio of -10.78 and a beta of 1.51. The stock’s fifty day moving average is $6.86 and its 200-day moving average is $7.77.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Gladius Capital Management LP bought a new position in shares of Claros Mortgage Trust in the second quarter valued at approximately $33,000. Blue Trust Inc. grew its stake in 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 buying an additional 5,177 shares during the last quarter. GSA Capital Partners LLP bought a new position in Claros Mortgage Trust in the 3rd quarter worth $101,000. Lazard Asset Management LLC acquired a new position in Claros Mortgage Trust during the 1st quarter worth $140,000. Finally, Simplicity Wealth LLC bought a new stake in Claros Mortgage Trust during the second quarter valued at about $121,000. 89.53% of the stock is owned by institutional investors.

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.