Claros Mortgage Trust (NYSE:CMTG) Stock Price Down 5.4% - Here's Why

Claros Mortgage Trust, Inc. (NYSE:CMTG - Get Free Report)'s share price traded down 5.4% during trading on Monday . The company traded as low as $3.98 and last traded at $4.01. 169,439 shares were traded during trading, a decline of 51% from the average session volume of 345,375 shares. The stock had previously closed at $4.24.

Analysts Set New Price Targets

Several equities analysts have weighed in on CMTG shares. Keefe, Bruyette & Woods boosted their target price on shares of Claros Mortgage Trust from $6.75 to $7.25 and gave the company an "underperform" rating in a report on Tuesday, November 12th. JPMorgan Chase & Co. lowered 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 research note 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 research note on Friday, September 20th. Finally, UBS Group dropped their price objective on shares of Claros Mortgage Trust from $8.50 to $8.00 and set a "neutral" rating on the stock in a research 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. According to MarketBeat.com, Claros Mortgage Trust currently has a consensus rating of "Hold" and a consensus target price of $7.44.

Claros Mortgage Trust Stock Down 2.4 %

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 stock has a fifty day moving average of $6.37 and a two-hundred day moving average of $7.49. The stock has a market cap of $576.96 million, a price-to-earnings ratio of -6.57 and a beta of 1.52.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Waterfall Asset Management LLC acquired a new position in Claros Mortgage Trust in the second quarter valued at approximately $4,448,000. Atria Investments Inc lifted its stake in Claros Mortgage Trust by 29.2% during the third 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. Charles Schwab Investment Management Inc. grew 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 purchasing an additional 188,950 shares in the last quarter. GSA Capital Partners LLP acquired a new position in Claros Mortgage Trust during the third quarter valued at $101,000. Finally, Intech Investment Management LLC purchased a new stake in Claros Mortgage Trust in the 3rd quarter worth approximately $114,000. 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.