Claros Mortgage Trust, Inc. (NYSE:CMTG - Get Free Report)'s stock price fell 4.6% on Tuesday . The stock traded as low as $3.66 and last traded at $3.66. 144,979 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 946,646 shares. The stock had previously closed at $3.84.
Wall Street Analyst Weigh In
Separately, Keefe, Bruyette & Woods lifted their price target on shares of Claros Mortgage Trust from $2.75 to $3.00 and gave the company an "underperform" rating in a report on Tuesday, August 12th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Claros Mortgage Trust currently has a consensus rating of "Reduce" and an average price target of $4.13.
Get Our Latest Research Report on CMTG
Claros Mortgage Trust Stock Down 4.8%
The company has a current ratio of 30.23, a quick ratio of 30.23 and a debt-to-equity ratio of 1.92. The stock has a market capitalization of $525.72 million, a P/E ratio of -1.26 and a beta of 1.24. The business has a 50-day moving average price of $3.39 and a 200 day moving average price of $3.09.
Institutional Trading of Claros Mortgage Trust
Institutional investors and hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets increased its stake in shares of Claros Mortgage Trust by 75.8% during the second quarter. BNP Paribas Financial Markets now owns 8,938 shares of the company's stock valued at $25,000 after buying an additional 3,854 shares during the period. Public Employees Retirement System of Ohio grew its stake in Claros Mortgage Trust by 119.8% in the second quarter. Public Employees Retirement System of Ohio now owns 9,860 shares of the company's stock valued at $28,000 after purchasing an additional 5,374 shares during the last quarter. May Hill Capital LLC purchased a new position in Claros Mortgage Trust in the second quarter valued at about $39,000. Farther Finance Advisors LLC grew its stake in Claros Mortgage Trust by 342.3% in the second quarter. Farther Finance Advisors LLC now owns 14,195 shares of the company's stock valued at $40,000 after purchasing an additional 10,986 shares during the last quarter. Finally, Catalyst Funds Management Pty Ltd purchased a new position in Claros Mortgage Trust in the second quarter valued at about $41,000. 89.53% of the stock is currently owned by institutional investors.
About Claros Mortgage Trust
(
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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.
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