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

Claros Mortgage Trust, Inc. (NYSE:CMTG) saw a significant decrease in short interest in February. As of February 15th, there was short interest totalling 3,230,000 shares, a decrease of 21.0% from the January 31st total of 4,090,000 shares. Approximately 2.9% of the company’s stock are short sold. Based on an average daily volume of 560,600 shares, the short-interest ratio is currently 5.8 days.

Claros Mortgage Trust Stock Up 3.4 %

Shares of NYSE CMTG traded up $0.08 during mid-day trading on Tuesday, reaching $2.29. The company had a trading volume of 1,850,453 shares, compared to its average volume of 419,147. The company has a debt-to-equity ratio of 2.08, a quick ratio of 20.68 and a current ratio of 25.67. The stock has a market capitalization of $318.44 million, a PE ratio of -1.44 and a beta of 1.63. Claros Mortgage Trust has a twelve month low of $2.16 and a twelve month high of $10.15. The stock’s 50 day moving average is $3.50 and its 200-day moving average is $5.73.

Claros Mortgage Trust (NYSE:CMTG) last posted its earnings results on Wednesday, February 19th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.12 by $0.03. The firm had revenue of $60.23 million for the quarter, compared to the consensus estimate of $58.07 million. Claros Mortgage Trust had a negative net margin of 89.07% and a positive return on equity of 4.72%. As a group, equities analysts anticipate that Claros Mortgage Trust will post 0.27 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Claros Mortgage Trust

Several hedge funds have recently bought and sold shares of the business. Arlington Trust Co LLC acquired a new stake in shares of Claros Mortgage Trust in the fourth quarter valued at about $43,000. Townsquare Capital LLC bought a new stake in shares of Claros Mortgage Trust in the fourth quarter valued at about $46,000. BNP Paribas Financial Markets bought a new position in Claros Mortgage Trust during the fourth quarter worth about $46,000. Squarepoint Ops LLC bought a new position in shares of Claros Mortgage Trust in the fourth quarter valued at approximately $46,000. Finally, Proficio Capital Partners LLC bought a new position in shares of Claros Mortgage Trust in the fourth quarter valued at approximately $47,000. 89.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Wells Fargo & Company dropped their price target on shares of Claros Mortgage Trust from $8.00 to $3.00 and set an “underweight” rating on the stock in a research note on Tuesday, February 25th. Keefe, Bruyette & Woods dropped their price target on shares of Claros Mortgage Trust from $4.00 to $2.50 and set an “underperform” rating on the stock in a research note on Thursday, February 27th. Finally, UBS Group dropped their price target on shares of Claros Mortgage Trust from $6.00 to $5.25 and set a “buy” rating on the stock in a research note on Tuesday, February 25th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $4.31.

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.