Claros Mortgage Trust (NYSE:CMTG) Trading Down 7.9% – Should You Sell?

Claros Mortgage Trust, Inc. (NYSE:CMTG) fell 7.9% during trading on Monday . The stock traded as low as $2.48 and last traded at $2.5150. 584,554 shares changed hands during trading, a decline of 6% from the average daily volume of 622,948 shares. The stock had previously closed at $2.73.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on CMTG shares. Weiss Ratings upgraded shares of Claros Mortgage Trust from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, June 12th. Keefe, Bruyette & Woods decreased their target price on shares of Claros Mortgage Trust from $2.50 to $2.25 and set an “underperform” rating for the company in a research report on Wednesday, May 13th. Finally, Wall Street Zen lowered shares of Claros Mortgage Trust from a “hold” rating to a “sell” rating in a report on Sunday, May 17th. One equities research analyst has rated the stock with a Buy rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $2.92.

Claros Mortgage Trust Price Performance

The company has a debt-to-equity ratio of 1.53, a current ratio of 21.44 and a quick ratio of 21.44. The stock has a fifty day simple moving average of $2.47 and a 200-day simple moving average of $2.64. The company has a market capitalization of $340.17 million, a price-to-earnings ratio of -0.73 and a beta of 1.14.

Claros Mortgage Trust (NYSE:CMTG) last issued its quarterly earnings data on Wednesday, May 6th. The company reported ($0.52) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.28). Claros Mortgage Trust had a negative return on equity of 19.34% and a negative net margin of 267.14%.The firm had revenue of $29.52 million for the quarter, compared to analyst estimates of $36.94 million. On average, equities research analysts anticipate that Claros Mortgage Trust, Inc. will post -1.66 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CMTG. BNP Paribas Financial Markets boosted its stake in shares of Claros Mortgage Trust by 75.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 8,938 shares of the company’s stock worth $25,000 after acquiring an additional 3,854 shares in the last quarter. Focus Partners Wealth purchased a new position in shares of Claros Mortgage Trust in the 3rd quarter valued at about $34,000. Hsbc Holdings PLC acquired a new position in Claros Mortgage Trust in the 1st quarter worth about $37,000. Mariner LLC purchased a new position in Claros Mortgage Trust during the fourth quarter worth approximately $38,000. Finally, Jump Financial LLC purchased a new position in Claros Mortgage Trust during the second quarter worth approximately $44,000. Institutional investors and hedge funds own 89.53% of the company’s stock.

About Claros Mortgage Trust

Claros Mortgage Trust is a specialty finance company structured as a real estate investment trust that acquires and manages a portfolio of newly originated, conventional residential mortgage loans guaranteed or insured by U.S. government‐sponsored enterprises. The company concentrates on Agency collateral, including loans backed by Ginnie Mae, Fannie Mae and Freddie Mac, aiming to generate current income while preserving capital through high‐quality, credit‐enhanced assets.

Under an external management agreement with Claros Mortgage Capital Advisors LLC, the firm leverages a seasoned team to source, underwrite and service mortgage assets.