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

Claros Mortgage Trust, Inc. (NYSE:CMTG - Get Free Report) saw a significant drop in short interest in November. As of November 15th, there was short interest totalling 3,930,000 shares, a drop 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. Approximately 3.1% of the shares of the company are short sold.

Claros Mortgage Trust Price Performance

Shares of CMTG traded down $0.04 during trading hours on Monday, hitting $6.76. 627,929 shares of the stock were exchanged, compared to its average volume of 342,905. The stock's 50-day moving average price is $6.74 and its two-hundred day moving average price is $7.72. Claros Mortgage Trust has a 12-month low of $6.08 and a 12-month high of $15.25. The company has a debt-to-equity ratio of 2.11, a quick ratio of 20.68 and a current ratio of 20.68. The company has a market cap of $941.38 million, a price-to-earnings ratio of -10.72 and a beta of 1.51.

Wall Street Analyst Weigh In

CMTG has been the subject of several analyst reports. 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 research note on Friday, September 20th. Keefe, Bruyette & Woods upped 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. JPMorgan Chase & Co. cut their price target on Claros Mortgage Trust from $9.00 to $6.50 and set a "neutral" rating for the company in a research note on Thursday, October 17th. Finally, UBS Group reduced 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 assigned a hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $7.44.

Institutional Investors Weigh In On Claros Mortgage Trust

Large investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company increased its holdings in shares of Claros Mortgage Trust by 6.7% in the second quarter. The Manufacturers Life Insurance Company now owns 45,992 shares of the company's stock valued at $369,000 after purchasing an additional 2,885 shares during the last quarter. Gladius Capital Management LP acquired a new stake in shares of Claros Mortgage Trust in the 2nd quarter worth $33,000. Blue Trust Inc. increased its stake in shares of Claros Mortgage Trust by 2,260.7% in the 3rd quarter. Blue Trust Inc. now owns 5,406 shares of the company's stock worth $43,000 after acquiring an additional 5,177 shares during the last quarter. Atria Investments Inc raised its holdings in shares of Claros Mortgage Trust by 29.2% during the 3rd quarter. Atria Investments Inc now owns 25,743 shares of the company's stock worth $193,000 after acquiring an additional 5,823 shares during the period. Finally, State Street Corp boosted its position in shares of Claros Mortgage Trust by 0.3% during the 3rd quarter. State Street Corp now owns 2,165,863 shares of the company's stock valued at $16,436,000 after acquiring an additional 6,882 shares during the last quarter. 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.