Claros Mortgage Trust (NYSE:CMTG) Reaches New 1-Year Low – Should You Sell?

Claros Mortgage Trust, Inc. (NYSE:CMTG) hit a new 52-week low during trading on Wednesday . The company traded as low as $4.65 and last traded at $4.74, with a volume of 15308 shares trading hands. The stock had previously closed at $4.78.

Wall Street Analyst Weigh In

Several research firms have weighed in on CMTG. Wells Fargo & Company downgraded shares of 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. JPMorgan Chase & Co. decreased their price target 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. Keefe, Bruyette & Woods increased their price objective 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, UBS Group decreased their target price 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. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat.com, Claros Mortgage Trust has an average rating of “Hold” and a consensus price target of $7.44.

Claros Mortgage Trust Price Performance

The company has a quick ratio of 20.68, a current ratio of 20.68 and a debt-to-equity ratio of 2.11. The firm’s 50-day moving average is $6.57 and its 200-day moving average is $7.63. The company has a market cap of $659.19 million, a PE ratio of -7.59 and a beta of 1.52.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Blue Trust Inc. boosted its holdings in Claros Mortgage Trust by 2,260.7% in the third quarter. Blue Trust Inc. now owns 5,406 shares of the company’s stock worth $43,000 after acquiring an additional 5,177 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of Claros Mortgage Trust during the 3rd quarter valued at approximately $101,000. Intech Investment Management LLC bought a new position in shares of Claros Mortgage Trust in the third quarter worth about $114,000. SG Americas Securities LLC bought a new stake in shares of Claros Mortgage Trust in the third quarter valued at about $150,000. Finally, Atria Investments Inc lifted its holdings in Claros Mortgage Trust by 29.2% during the third quarter. Atria Investments Inc now owns 25,743 shares of the company’s stock worth $193,000 after buying an additional 5,823 shares during the period. Hedge funds and other institutional investors own 89.53% of the company’s stock.

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.