Claros Mortgage Trust, Inc. (NYSE:CMTG) Short Interest Update

Claros Mortgage Trust, Inc. (NYSE:CMTG) was the recipient of a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 3,930,000 shares, a decrease of 9.4% from the October 31st total of 4,340,000 shares. Based on an average trading volume of 388,700 shares, the days-to-cover ratio is currently 10.1 days. Currently, 3.1% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

CMTG has been the topic of several analyst reports. UBS Group dropped their price target 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. Wells Fargo & Company cut shares of Claros Mortgage Trust from an “equal weight” rating to an “underweight” rating and set a $8.00 price objective for the company. in a report on Friday, September 20th. Keefe, Bruyette & Woods upped their target price on Claros Mortgage Trust from $6.75 to $7.25 and gave the stock an “underperform” rating in a research report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. dropped their price objective on Claros Mortgage Trust from $9.00 to $6.50 and set a “neutral” rating on the stock in a research note on Thursday, October 17th. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $7.44.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CMTG. Vanguard Group Inc. boosted its stake in Claros Mortgage Trust by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 11,455,904 shares of the company’s stock worth $111,810,000 after purchasing an additional 30,377 shares during the period. State Street Corp grew its holdings in shares of Claros Mortgage Trust by 0.3% during the third 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 in the last quarter. Charles Schwab Investment Management Inc. raised its position in Claros Mortgage Trust by 15.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,402,648 shares of the company’s stock valued at $10,506,000 after buying an additional 188,950 shares during the period. Waterfall Asset Management LLC purchased a new stake in Claros Mortgage Trust in the 2nd quarter worth about $4,448,000. Finally, Bank of New York Mellon Corp boosted its position in Claros Mortgage Trust by 9.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 408,766 shares of the company’s stock worth $3,278,000 after acquiring an additional 36,911 shares during the period. 89.53% of the stock is owned by hedge funds and other institutional investors.

Claros Mortgage Trust Trading Down 4.7 %

Shares of CMTG opened at $6.44 on Wednesday. The business’s 50-day moving average price is $6.71 and its 200 day moving average price is $7.70. The company has a current ratio of 20.68, a quick ratio of 20.68 and a debt-to-equity ratio of 2.11. The stock has a market capitalization of $896.78 million, a P/E ratio of -10.21 and a beta of 1.52. Claros Mortgage Trust has a 1-year low of $6.08 and a 1-year high of $15.25.

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.