Claros Mortgage Trust, Inc. (NYSE:CMTG) Short Interest Up 5.5% in March

Claros Mortgage Trust, Inc. (NYSE:CMTGGet Free Report) saw a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 3,850,000 shares, a growth of 5.5% from the February 29th total of 3,650,000 shares. Currently, 3.0% of the company’s shares are sold short. Based on an average trading volume of 312,600 shares, the days-to-cover ratio is currently 12.3 days.

Claros Mortgage Trust Price Performance

Shares of CMTG stock opened at $9.35 on Thursday. Claros Mortgage Trust has a 1-year low of $9.06 and a 1-year high of $15.25. The stock’s 50-day moving average is $10.10 and its 200 day moving average is $11.34. The company has a market cap of $1.30 billion, a P/E ratio of 467.73 and a beta of 1.58. The company has a debt-to-equity ratio of 2.09, a current ratio of 25.03 and a quick ratio of 25.03.

Claros Mortgage Trust (NYSE:CMTGGet Free Report) last released its quarterly earnings results on Tuesday, February 20th. The company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.19. Claros Mortgage Trust had a return on equity of 2.01% and a net margin of 1.97%. The company had revenue of $75.98 million during the quarter, compared to analysts’ expectations of $72.79 million. Research analysts predict that Claros Mortgage Trust will post 0.61 earnings per share for the current fiscal year.

Claros Mortgage Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 29th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 10.70%. The ex-dividend date is Wednesday, March 27th. Claros Mortgage Trust’s dividend payout ratio (DPR) is presently 5,002.50%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on CMTG shares. Keefe, Bruyette & Woods cut their price objective on Claros Mortgage Trust from $10.75 to $9.75 and set an “underperform” rating on the stock in a research report on Friday, February 23rd. UBS Group cut their price objective on Claros Mortgage Trust from $11.50 to $10.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 20th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $10.44.

View Our Latest Stock Report on Claros Mortgage Trust

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in Claros Mortgage Trust by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 11,425,527 shares of the company’s stock valued at $155,730,000 after acquiring an additional 55,256 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Claros Mortgage Trust by 11,644.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 14,609,072 shares of the company’s stock valued at $199,122,000 after acquiring an additional 14,484,684 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Claros Mortgage Trust by 6.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 73,997 shares of the company’s stock valued at $1,009,000 after acquiring an additional 4,786 shares in the last quarter. Legal & General Group Plc raised its position in Claros Mortgage Trust by 4.5% during the fourth quarter. Legal & General Group Plc now owns 120,734 shares of the company’s stock valued at $1,646,000 after acquiring an additional 5,169 shares in the last quarter. Finally, Barclays PLC raised its position in Claros Mortgage Trust by 301.9% during the fourth quarter. Barclays PLC now owns 146,352 shares of the company’s stock valued at $1,995,000 after acquiring an additional 109,934 shares in the last quarter. 89.53% of the stock is currently owned by hedge funds and other institutional investors.

About Claros Mortgage Trust

(Get Free Report)

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.

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