Claros Mortgage Trust (NYSE:CMTG) Reaches New 52-Week Low – Time to Sell?

Claros Mortgage Trust, Inc. (NYSE:CMTG)’s stock price hit a new 52-week low during trading on Tuesday . The company traded as low as $3.98 and last traded at $4.14, with a volume of 491164 shares changing hands. The stock had previously closed at $4.24.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on CMTG shares. Keefe, Bruyette & Woods lifted their price objective on shares of Claros Mortgage Trust from $6.75 to $7.25 and gave the stock an “underperform” rating in a research report 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 objective for the company. in a research report on Friday, September 20th. JPMorgan Chase & Co. cut their target price on Claros Mortgage Trust from $9.00 to $6.50 and set a “neutral” rating on the stock in a research report on Thursday, October 17th. Finally, UBS Group lowered their price target on Claros Mortgage Trust from $8.50 to $8.00 and set a “neutral” rating for the company in a report on Friday, November 15th. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $7.44.

Claros Mortgage Trust Trading Up 2.7 %

The business has a 50-day moving average of $6.33 and a 200-day moving average of $7.46. The stock has a market capitalization of $592.29 million, a price-to-earnings ratio of -6.75 and a beta of 1.52. The company has a debt-to-equity ratio of 2.11, a quick ratio of 20.68 and a current ratio of 20.68.

Hedge Funds Weigh In On Claros Mortgage Trust

Hedge funds have recently modified their holdings of the business. Waterfall Asset Management LLC purchased a new stake in Claros Mortgage Trust during the 2nd quarter valued at approximately $4,448,000. Atria Investments Inc increased its holdings in shares of Claros Mortgage Trust by 29.2% in the third quarter. Atria Investments Inc now owns 25,743 shares of the company’s stock valued at $193,000 after purchasing an additional 5,823 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of 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 worth $10,506,000 after purchasing an additional 188,950 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Claros Mortgage Trust during the third quarter worth $101,000. Finally, Intech Investment Management LLC purchased a new position in Claros Mortgage Trust in the 3rd quarter valued at $114,000. 89.53% of the stock is currently 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.