Claros Mortgage Trust (NYSE:CMTG) Stock Price Down 5.2% – Time to Sell?

Shares of Claros Mortgage Trust, Inc. (NYSE:CMTG) traded down 5.2% during mid-day trading on Tuesday . The stock traded as low as $3.72 and last traded at $3.66. 51,314 shares were traded during mid-day 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

A number of brokerages have commented on CMTG. Keefe, Bruyette & Woods dropped their price objective on shares of Claros Mortgage Trust from $6.50 to $4.00 and set an “underperform” rating for the company in a research note on Tuesday, January 14th. UBS Group raised Claros Mortgage Trust from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $8.00 to $6.00 in a research note on Friday, January 10th. Finally, JPMorgan Chase & Co. dropped their price objective 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. Two 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’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $6.13.

Claros Mortgage Trust Stock Up 1.6 %

The business’s fifty day moving average price is $5.23 and its two-hundred day moving average price is $6.87. The company has a debt-to-equity ratio of 2.11, a quick ratio of 20.68 and a current ratio of 20.68. The firm has a market capitalization of $484.28 million, a P/E ratio of -5.52 and a beta of 1.62.

Claros Mortgage Trust (NYSE:CMTG) last posted its earnings results on Thursday, November 7th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.05. The firm had revenue of $64.88 million during the quarter, compared to analyst estimates of $69.48 million. Claros Mortgage Trust had a negative net margin of 32.75% and a positive return on equity of 5.60%. During the same period in the previous year, the firm earned ($0.16) EPS. Equities analysts expect that Claros Mortgage Trust, Inc. will post -0.09 earnings per share for the current fiscal year.

Institutional Trading of Claros Mortgage Trust

Several large investors have recently added to or reduced their stakes in CMTG. The Manufacturers Life Insurance Company increased its stake 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 acquiring an additional 2,885 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Claros Mortgage Trust by 18.4% during the 4th quarter. SG Americas Securities LLC now owns 23,769 shares of the company’s stock worth $107,000 after purchasing an additional 3,694 shares during the period. Blue Trust Inc. increased its position in shares of Claros Mortgage Trust by 2,260.7% during the 3rd quarter. Blue Trust Inc. now owns 5,406 shares of the company’s stock worth $43,000 after purchasing an additional 5,177 shares during the last quarter. Atria Investments Inc increased its position in shares of 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 during the last quarter. Finally, State Street Corp raised its holdings in Claros Mortgage Trust by 0.3% in the 3rd quarter. State Street Corp now owns 2,165,863 shares of the company’s stock valued at $16,436,000 after buying an additional 6,882 shares during the period. 89.53% of the stock is currently owned by hedge funds and other institutional investors.

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.