Claros Mortgage Trust (NYSE:CMTG) Shares Up 0.5% – Time to Buy?

Claros Mortgage Trust, Inc. (NYSE:CMTG) rose 0.5% on Monday . The company traded as high as $2.86 and last traded at $2.7950. Approximately 256,833 shares were traded during mid-day trading, a decline of 31% from the average daily volume of 370,754 shares. The stock had previously closed at $2.78.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Claros Mortgage Trust in a research note on Monday, December 29th. Wall Street Zen raised shares of Claros Mortgage Trust from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. UBS Group lowered their price target on shares of Claros Mortgage Trust from $4.50 to $4.00 and set a “buy” rating for the company in a report on Friday, November 14th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Claros Mortgage Trust from $3.25 to $3.00 and set an “underperform” rating for the company in a research report on Thursday, January 8th. One equities research analyst has rated the stock with a Buy rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $3.33.

Claros Mortgage Trust Trading Up 0.5%

The company has a current ratio of 26.00, a quick ratio of 26.00 and a debt-to-equity ratio of 1.79. The stock has a market capitalization of $391.91 million, a price-to-earnings ratio of -1.05 and a beta of 1.20. The business has a 50 day simple moving average of $3.05 and a 200-day simple moving average of $3.25.

Institutional Investors Weigh In On Claros Mortgage Trust

A number of institutional investors have recently bought and sold shares of CMTG. Hotchkis & Wiley Capital Management LLC increased its position in Claros Mortgage Trust by 53.9% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,805,395 shares of the company’s stock worth $5,994,000 after purchasing an additional 632,105 shares during the last quarter. Balyasny Asset Management L.P. grew its stake in shares of Claros Mortgage Trust by 22.9% during the 2nd quarter. Balyasny Asset Management L.P. now owns 1,946,597 shares of the company’s stock valued at $5,548,000 after buying an additional 362,130 shares during the period. Algert Global LLC grew its stake in shares of Claros Mortgage Trust by 880.8% during the 3rd quarter. Algert Global LLC now owns 383,686 shares of the company’s stock valued at $1,274,000 after buying an additional 344,566 shares during the period. Prudential Financial Inc. increased its holdings in shares of Claros Mortgage Trust by 450.3% during the 2nd quarter. Prudential Financial Inc. now owns 282,625 shares of the company’s stock worth $805,000 after buying an additional 231,268 shares during the last quarter. Finally, Jane Street Group LLC raised its position in shares of Claros Mortgage Trust by 620.9% in the 1st quarter. Jane Street Group LLC now owns 185,147 shares of the company’s stock worth $691,000 after buying an additional 159,465 shares during the period. 89.53% of the stock is currently owned by hedge funds and other institutional investors.

Claros Mortgage Trust Company Profile

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.