Claros Mortgage Trust, Inc. (NYSE:CMTG) Short Interest Down 13.4% in October

Claros Mortgage Trust, Inc. (NYSE:CMTG - Get Free Report) saw a large drop in short interest in October. As of October 31st, there was short interest totalling 4,340,000 shares, a drop of 13.4% from the October 15th total of 5,010,000 shares. Based on an average daily trading volume, of 373,200 shares, the short-interest ratio is currently 11.6 days. Approximately 3.4% of the company's stock are sold short.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. UBS Group dropped their target price on Claros Mortgage Trust from $8.50 to $8.00 and set a "neutral" rating on the stock in a report on Friday. Keefe, Bruyette & Woods raised their price objective on shares of Claros Mortgage Trust from $6.75 to $7.25 and gave the company an "underperform" rating in a research note on Tuesday. Wells Fargo & Company cut shares of Claros Mortgage Trust from an "equal weight" rating to an "underweight" rating and set a $8.00 target price for the company. in a report on Friday, September 20th. JPMorgan Chase & Co. reduced their price target on shares of Claros Mortgage Trust from $9.00 to $6.50 and set a "neutral" rating for the company in a research report on Thursday, October 17th. Finally, BTIG Research initiated coverage on Claros Mortgage Trust in a research report on Friday, July 19th. They issued a "neutral" rating on the stock. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $7.44.

Institutional Investors Weigh In On Claros Mortgage Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in CMTG. Vanguard Group Inc. lifted its stake in shares of 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 raised its position in Claros Mortgage Trust by 0.3% in the third quarter. State Street Corp now owns 2,165,863 shares of the company's stock worth $16,436,000 after acquiring an additional 6,882 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Claros Mortgage Trust by 15.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,402,648 shares of the company's stock worth $10,506,000 after acquiring an additional 188,950 shares during the last quarter. Waterfall Asset Management LLC bought a new stake in shares of Claros Mortgage Trust during the 2nd quarter valued at $4,448,000. Finally, Bank of New York Mellon Corp increased its stake in shares of Claros Mortgage Trust by 9.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 408,766 shares of the company's stock worth $3,278,000 after purchasing an additional 36,911 shares in the last quarter. Hedge funds and other institutional investors own 89.53% of the company's stock.

Claros Mortgage Trust Stock Performance

Shares of CMTG stock traded down $0.26 during trading hours on Friday, reaching $6.70. The company had a trading volume of 299,486 shares, compared to its average volume of 342,201. The company has a debt-to-equity ratio of 2.11, a quick ratio of 28.19 and a current ratio of 20.68. The business has a fifty day moving average price of $7.04 and a 200-day moving average price of $7.88. Claros Mortgage Trust has a one year low of $6.08 and a one year high of $15.25. The firm has a market cap of $933.71 million, a PE ratio of -10.63 and a beta of 1.51.

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.

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