Claros Mortgage Trust (NYSE:CMTG) Sees Unusually-High Trading Volume - Should You Buy?

Shares of Claros Mortgage Trust, Inc. (NYSE:CMTG - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 568,531 shares were traded during trading, an increase of 58% from the previous session's volume of 359,347 shares.The stock last traded at $4.44 and had previously closed at $4.48.

Analyst Ratings Changes

A number of brokerages have recently commented on CMTG. Keefe, Bruyette & Woods boosted their price target 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 target price on Claros Mortgage Trust from $9.00 to $6.50 and set a "neutral" rating on the stock in a report on Thursday, October 17th. Wells Fargo & Company downgraded Claros Mortgage Trust from an "equal weight" rating to an "underweight" rating and set a $8.00 price target for the company. in a report on Friday, September 20th. Finally, UBS Group lowered their price target on Claros Mortgage Trust from $8.50 to $8.00 and set a "neutral" rating for the company in a research report on Friday, November 15th. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the company's stock. According to MarketBeat, Claros Mortgage Trust presently has a consensus rating of "Hold" and a consensus price target of $7.44.

Claros Mortgage Trust Stock Down 10.0 %

The stock has a market cap of $561.63 million, a PE ratio of -6.40 and a beta of 1.62. 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 company has a 50 day moving average price of $6.00 and a two-hundred day moving average price of $7.25.

Hedge Funds Weigh In On Claros Mortgage Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. grew its holdings in shares of Claros Mortgage Trust by 236.4% in the third quarter. JPMorgan Chase & Co. now owns 479,430 shares of the company's stock worth $3,591,000 after acquiring an additional 336,931 shares during the period. Barclays PLC grew its stake in shares of Claros Mortgage Trust by 332.1% during the 3rd quarter. Barclays PLC now owns 138,291 shares of the company's stock valued at $1,037,000 after purchasing an additional 106,289 shares during the period. Zacks Investment Management increased its position in shares of Claros Mortgage Trust by 26.1% during the 3rd quarter. Zacks Investment Management now owns 331,865 shares of the company's stock valued at $2,486,000 after purchasing an additional 68,749 shares during the last quarter. State Street Corp increased 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 purchasing an additional 6,882 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC purchased a new position in shares of Claros Mortgage Trust in the third quarter worth approximately $2,552,000. 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.