Claros Mortgage Trust (NYSE:CMTG) Reaches New 52-Week Low – Here’s Why

Shares of Claros Mortgage Trust, Inc. (NYSE:CMTG) reached a new 52-week low during trading on Tuesday . The stock traded as low as $3.93 and last traded at $3.93, with a volume of 194606 shares traded. The stock had previously closed at $4.05.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CMTG. Keefe, Bruyette & Woods increased their price target on Claros Mortgage Trust from $6.75 to $7.25 and gave the stock an “underperform” rating in a research note on Tuesday, November 12th. Wells Fargo & Company cut Claros Mortgage Trust from an “equal weight” rating to an “underweight” rating and set a $8.00 price target for the company. in a report on Friday, September 20th. UBS Group dropped their price objective on shares of Claros Mortgage Trust from $8.50 to $8.00 and set a “neutral” rating for the company in a research note on Friday, November 15th. Finally, JPMorgan Chase & Co. dropped their price target on shares of 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. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat, Claros Mortgage Trust currently has a consensus rating of “Hold” and an average target price of $7.44.

Claros Mortgage Trust Stock Down 2.8 %

The stock has a fifty day moving average price of $5.85 and a 200-day moving average price of $7.17. The firm has a market cap of $542.12 million, a PE ratio of -6.17 and a beta of 1.62. The company has a debt-to-equity ratio of 2.11, a quick ratio of 20.68 and a current ratio of 20.68.

Institutional Trading of Claros Mortgage Trust

Institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. raised its stake 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 period. GSA Capital Partners LLP purchased a new stake in Claros Mortgage Trust during the 3rd quarter worth $101,000. Intech Investment Management LLC acquired a new position in Claros Mortgage Trust in the 3rd quarter worth $114,000. SG Americas Securities LLC purchased a new position in Claros Mortgage Trust in the 3rd quarter valued at about $150,000. Finally, Atria Investments Inc grew its stake in shares of Claros Mortgage Trust by 29.2% during the third quarter. Atria Investments Inc now owns 25,743 shares of the company’s stock valued at $193,000 after acquiring an additional 5,823 shares in the last quarter. 89.53% of the stock is owned by hedge funds and other 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.