Claros Mortgage Trust (NYSE:CMTG) Trading Down 5.2% - What's Next?

Claros Mortgage Trust, Inc. (NYSE:CMTG - Get Free Report)'s share price fell 5.2% during trading on Tuesday . The company traded as low as $3.72 and last traded at $3.66. 51,314 shares traded hands during trading, a decline of 89% from the average session volume of 477,807 shares. The stock had previously closed at $3.86.

Wall Street Analysts Forecast Growth

A number of analysts have commented on CMTG shares. JPMorgan Chase & Co. cut their price objective 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. UBS Group upgraded Claros Mortgage Trust from a "neutral" rating to a "buy" rating and reduced their price objective for the stock from $8.00 to $6.00 in a research report on Friday, January 10th. Finally, Keefe, Bruyette & Woods lowered their price objective on Claros Mortgage Trust from $6.50 to $4.00 and set an "underperform" rating on the stock in a research note on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, Claros Mortgage Trust presently has a consensus rating of "Hold" and an average target price of $6.13.

Claros Mortgage Trust Trading Down 5.8 %

The company has a market cap of $506.58 million, a price-to-earnings ratio of -5.77 and a beta of 1.62. The company has a quick ratio of 20.68, a current ratio of 20.68 and a debt-to-equity ratio of 2.11. The business's fifty day simple moving average is $5.38 and its two-hundred day simple moving average is $6.92.

Claros Mortgage Trust (NYSE:CMTG - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.05. Claros Mortgage Trust had a positive return on equity of 5.60% and a negative net margin of 32.75%. The company had revenue of $64.88 million for the quarter, compared to analyst estimates of $69.48 million. During the same quarter last year, the company posted ($0.16) earnings per share. On average, equities analysts predict that Claros Mortgage Trust, Inc. will post -0.09 EPS for the current year.

Hedge Funds Weigh In On Claros Mortgage Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Waterfall Asset Management LLC purchased a new stake in shares of Claros Mortgage Trust during the 2nd quarter worth approximately $4,448,000. Hotchkis & Wiley Capital Management LLC purchased a new stake in Claros Mortgage Trust during the third quarter worth $2,552,000. JPMorgan Chase & Co. grew its holdings in Claros Mortgage Trust by 236.4% in the third quarter. JPMorgan Chase & Co. now owns 479,430 shares of the company's stock valued at $3,591,000 after purchasing an additional 336,931 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Claros Mortgage Trust by 15.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,402,648 shares of the company's stock valued at $10,506,000 after buying an additional 188,950 shares in the last quarter. Finally, Barclays PLC raised 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 worth $1,037,000 after buying an additional 106,289 shares during the last quarter. 89.53% of the stock is currently 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.