Claros Mortgage Trust (NYSE:CMTG) Hits New 12-Month Low - Should You Sell?

Claros Mortgage Trust, Inc. (NYSE:CMTG - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $3.93 and last traded at $3.93, with a volume of 194606 shares trading hands. The stock had previously closed at $4.05.

Analyst Ratings Changes

CMTG has been the topic of a number of research reports. Keefe, Bruyette & Woods upped their target price on 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. dropped their price objective on shares of Claros Mortgage Trust from $9.00 to $6.50 and set a "neutral" rating on the stock in a research note on Thursday, October 17th. Wells Fargo & Company downgraded 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 report on Friday, September 20th. Finally, UBS Group lowered their target price on shares of Claros Mortgage Trust from $8.50 to $8.00 and set a "neutral" rating on the stock in a report on Friday, November 15th. Two analysts have rated the stock with a sell rating and four have given a hold rating to the company's stock. Based on data from MarketBeat, Claros Mortgage Trust currently has a consensus rating of "Hold" and an average target price of $7.44.

Claros Mortgage Trust Price Performance

The firm has a market capitalization of $561.63 million, a PE ratio of -6.40 and a beta of 1.62. The business's 50 day moving average is $5.91 and its two-hundred day moving average is $7.19. The company has a debt-to-equity ratio of 2.11, a quick ratio of 20.68 and a current ratio of 20.68.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CMTG. Blue Trust Inc. raised its stake in Claros Mortgage Trust by 2,260.7% in the third quarter. Blue Trust Inc. now owns 5,406 shares of the company's stock valued at $43,000 after purchasing an additional 5,177 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Claros Mortgage Trust during the 3rd quarter valued at $101,000. Intech Investment Management LLC bought a new stake in shares of Claros Mortgage Trust during the 3rd quarter worth $114,000. SG Americas Securities LLC purchased a new position in Claros Mortgage Trust in the third quarter worth $150,000. Finally, 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 valued at $193,000 after buying an additional 5,823 shares in the last quarter. 89.53% of the stock is owned by 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.