Claros Mortgage Trust (NYSE:CMTG) Shares Down 7.9% – Time to Sell?

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

Analysts Set New Price Targets

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

Claros Mortgage Trust Price Performance

The company has a debt-to-equity ratio of 1.53, a quick ratio of 21.44 and a current ratio of 21.44. The firm has a market cap of $352.65 million, a P/E ratio of -0.76 and a beta of 1.14. The company has a 50-day moving average of $2.47 and a 200 day moving average of $2.65.

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

Institutional Investors Weigh In On Claros Mortgage Trust

Several large investors have recently made changes to their positions in the company. Jump Financial LLC acquired a new stake in shares of Claros Mortgage Trust during the 2nd quarter worth about $44,000. Mariner LLC acquired a new position in Claros Mortgage Trust in the fourth quarter valued at about $38,000. Focus Partners Wealth acquired a new position in Claros Mortgage Trust in the third quarter valued at about $34,000. BNP Paribas Financial Markets grew its stake in Claros Mortgage Trust by 75.8% during the second quarter. BNP Paribas Financial Markets now owns 8,938 shares of the company’s stock worth $25,000 after buying an additional 3,854 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in Claros Mortgage Trust by 41.0% during the first quarter. Bank of America Corp DE now owns 108,263 shares of the company’s stock worth $258,000 after buying an additional 31,494 shares during the last quarter. Institutional investors own 89.53% of the company’s stock.

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.