Claros Mortgage Trust, Inc. (NYSE:CMTG) Short Interest Down 21.0% in February

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

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. UBS Group lowered their price target on Claros Mortgage Trust from $6.00 to $5.25 and set a "buy" rating on the stock in a research report on Tuesday, February 25th. Wells Fargo & Company decreased their price objective on Claros Mortgage Trust from $8.00 to $3.00 and set an "underweight" rating on the stock in a report on Tuesday, February 25th. Finally, Keefe, Bruyette & Woods cut their target price on Claros Mortgage Trust from $4.00 to $2.50 and set an "underperform" rating for the company in a research note on Thursday, February 27th. Two investment 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. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $4.31.

Claros Mortgage Trust Trading Up 15.8 %

Shares of NYSE:CMTG traded up $0.42 on Friday, reaching $3.06. 1,673,803 shares of the company traded hands, compared to its average volume of 459,004. The stock has a market capitalization of $426.03 million, a P/E ratio of -1.92 and a beta of 1.63. The business's 50-day simple moving average is $3.37 and its 200 day simple moving average is $5.61. The company has a current ratio of 25.67, a quick ratio of 20.68 and a debt-to-equity ratio of 2.08. Claros Mortgage Trust has a 52 week low of $2.13 and a 52 week high of $10.15.

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Koch Inc. bought a new stake in Claros Mortgage Trust in the 4th quarter worth $68,374,000. Squarepoint Ops LLC purchased a new stake in shares of Claros Mortgage Trust during the fourth quarter worth about $46,000. ProShare Advisors LLC grew its stake in shares of Claros Mortgage Trust by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 24,311 shares of the company's stock worth $110,000 after purchasing an additional 7,999 shares during the last quarter. Quantinno Capital Management LP purchased a new position in Claros Mortgage Trust during the 4th quarter valued at about $115,000. Finally, Millennium Management LLC raised its position in Claros Mortgage Trust by 38.4% during the 4th quarter. Millennium Management LLC now owns 135,388 shares of the company's stock valued at $612,000 after purchasing an additional 37,548 shares during the last quarter. 89.53% of the stock is owned by hedge funds and other institutional investors.

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.