Claros Mortgage Trust (NYSE:CMTG) Sees Large Volume Increase – Time to Buy?

Shares of Claros Mortgage Trust, Inc. (NYSE:CMTG) saw strong trading volume on Monday . 568,531 shares were traded during mid-day 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 Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company lowered shares of 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 lowered their price target on shares of Claros Mortgage Trust from $8.50 to $8.00 and set a “neutral” rating on the stock in a report on Friday, November 15th. Keefe, Bruyette & Woods lifted their target price on shares of Claros Mortgage Trust from $6.75 to $7.25 and gave the stock an “underperform” rating in a research note on Tuesday, November 12th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Claros Mortgage Trust from $9.00 to $6.50 and set a “neutral” rating on the stock in a report on Thursday, October 17th. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $7.44.

Claros Mortgage Trust Price Performance

The stock’s 50-day moving average price is $6.00 and its 200 day moving average price is $7.25. The firm has a market capitalization of $581.14 million, a price-to-earnings ratio of -6.62 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.

Institutional Investors Weigh In On Claros Mortgage Trust

Hedge funds have recently modified their holdings of the business. Blue Trust Inc. grew its holdings in shares of Claros Mortgage Trust by 2,260.7% in the third quarter. Blue Trust Inc. now owns 5,406 shares of the company’s stock valued at $43,000 after purchasing an additional 5,177 shares during the period. GSA Capital Partners LLP purchased a new position in shares of Claros Mortgage Trust in the third quarter valued at approximately $101,000. Intech Investment Management LLC purchased a new position in shares of Claros Mortgage Trust in the third quarter valued at approximately $114,000. SG Americas Securities LLC acquired a new stake in Claros Mortgage Trust in the third quarter valued at approximately $150,000. Finally, Atria Investments Inc raised its holdings in Claros Mortgage Trust by 29.2% in the third quarter. Atria Investments Inc now owns 25,743 shares of the company’s stock valued at $193,000 after acquiring an additional 5,823 shares in the last quarter. 89.53% of the stock is currently owned by institutional investors and hedge funds.

Claros Mortgage Trust Company Profile

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.