Claros Mortgage Trust (NYSE:CMTG) Reaches New 52-Week Low – What’s Next?

Claros Mortgage Trust, Inc. (NYSE:CMTG) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $3.56 and last traded at $3.64, with a volume of 428967 shares. The stock had previously closed at $3.86.

Analyst Upgrades and Downgrades

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

Claros Mortgage Trust Price Performance

The company has a current ratio of 20.68, a quick ratio of 20.68 and a debt-to-equity ratio of 2.11. The company has a market capitalization of $506.58 million, a PE ratio of -5.77 and a beta of 1.62. The stock’s 50-day moving average is $5.38 and its two-hundred day moving average is $6.92.

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CMTG. Waterfall Asset Management LLC purchased a new stake in Claros Mortgage Trust in the 2nd quarter valued at about $4,448,000. State Street Corp raised its stake in shares of Claros Mortgage Trust by 0.3% during the third quarter. State Street Corp now owns 2,165,863 shares of the company’s stock valued at $16,436,000 after acquiring an additional 6,882 shares in the last quarter. Barclays PLC boosted its holdings in shares of Claros Mortgage Trust by 332.1% in the third 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. Atria Investments Inc grew its stake in Claros Mortgage Trust by 29.2% in the third quarter. Atria Investments Inc now owns 25,743 shares of the company’s stock worth $193,000 after purchasing an additional 5,823 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings 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 during the period. 89.53% of the stock is currently 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.