Claros Mortgage Trust (NYSE:CMTG) Sets New 1-Year Low - Time to Sell?

Claros Mortgage Trust, Inc. (NYSE:CMTG - Get Free Report) shares reached a new 52-week low during trading on Monday . The company traded as low as $3.69 and last traded at $3.69, with a volume of 5246 shares trading hands. The stock had previously closed at $3.81.

Analysts Set New Price Targets

Several research firms have recently weighed in on CMTG. 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 report on Thursday, October 17th. Wells Fargo & Company cut 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. UBS Group upgraded Claros Mortgage Trust from a "neutral" rating to a "buy" rating and cut their price target for the company from $8.00 to $6.00 in a report on Friday. Finally, Keefe, Bruyette & Woods lifted their target price on Claros Mortgage Trust from $6.75 to $7.25 and gave the company an "underperform" rating in a research report on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $6.94.

Claros Mortgage Trust Price Performance

The company has a debt-to-equity ratio of 2.11, a current ratio of 20.68 and a quick ratio of 20.68. The firm has a market cap of $546.30 million, a P/E ratio of -6.22 and a beta of 1.62. The company's 50-day moving average is $5.76 and its two-hundred day moving average is $7.09.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Waterfall Asset Management LLC acquired a new position in Claros Mortgage Trust in the 2nd quarter worth about $4,448,000. Hotchkis & Wiley Capital Management LLC acquired a new position in shares of Claros Mortgage Trust in the third quarter valued at approximately $2,552,000. JPMorgan Chase & Co. raised its holdings in Claros Mortgage Trust by 236.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 479,430 shares of the company's stock valued at $3,591,000 after buying an additional 336,931 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in 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 buying an additional 188,950 shares during the period. Finally, Barclays PLC grew its holdings in Claros Mortgage Trust by 332.1% during the 3rd quarter. Barclays PLC now owns 138,291 shares of the company's stock worth $1,037,000 after acquiring an additional 106,289 shares during the last quarter. Institutional investors and hedge funds 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.