Claros Mortgage Trust (NYSE:CMTG) Trading Down 0.8% - Time to Sell?

Key Points

• Shares were down 0.8% to $2.61 on Tuesday, with about 332,267 shares traded—roughly 37% below the stock's average daily volume.
• Analysts are largely negative: the consensus rating is Reduce with a $3.00 target, and several firms have cut ratings or targets (Weiss, Wells Fargo, Wall Street Zen, Keefe Bruyette & Woods).
• Insiders have been buying: the CEO purchased 50,000 shares at $2.41 and the CFO 20,000 at $2.34, totaling 95,000 shares bought in the last 90 days and leaving insiders with about 1.8% ownership.

Claros Mortgage Trust, Inc. (NYSE:CMTG - Get Free Report)'s share price was down 0.8% on Tuesday . The company traded as low as $2.57 and last traded at $2.61. Approximately 332,267 shares were traded during trading, a decline of 37% from the average daily volume of 525,098 shares. The stock had previously closed at $2.63.

Analyst Ratings Changes

A number of research analysts have weighed in on CMTG shares. Weiss Ratings reissued a "sell (d)" rating on shares of Claros Mortgage Trust in a research report on Monday, December 29th. Wells Fargo & Company cut their target price on shares of Claros Mortgage Trust from $3.00 to $2.50 and set an "underweight" rating for the company in a research report on Friday, February 20th. Wall Street Zen lowered shares of Claros Mortgage Trust from a "hold" rating to a "sell" rating in a research report on Saturday, February 21st. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Claros Mortgage Trust from $3.00 to $2.50 and set an "underperform" rating on the stock in a report on Monday, March 2nd. One analyst has rated the stock with a Buy rating and three have issued a Sell rating to the company's stock. According to MarketBeat, Claros Mortgage Trust presently has an average rating of "Reduce" and a consensus target price of $3.00.

Claros Mortgage Trust Trading Down 0.8%

The firm's fifty day moving average price is $2.45 and its 200-day moving average price is $2.91. The company has a current ratio of 21.44, a quick ratio of 21.44 and a debt-to-equity ratio of 1.72.

Insider Transactions at Claros Mortgage Trust

In related news, CFO Mike Mcgillis acquired 20,000 shares of the company's stock in a transaction dated Monday, March 2nd. The shares were bought at an average price of $2.34 per share, for a total transaction of $46,800.00. Following the acquisition, the chief financial officer owned 603,007 shares in the company, valued at $1,411,036.38. This trade represents a 3.43% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Richard Mack acquired 50,000 shares of the company's stock in a transaction dated Friday, February 27th. The shares were bought at an average price of $2.41 per share, for a total transaction of $120,500.00. Following the acquisition, the chief executive officer owned 2,717,330 shares in the company, valued at approximately $6,548,765.30. This trade represents a 1.87% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have purchased 95,000 shares of company stock worth $224,300. 1.80% of the stock is currently owned by company insiders.

Institutional Trading of Claros Mortgage Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CMTG. Hotchkis & Wiley Capital Management LLC boosted its position in Claros Mortgage Trust by 53.9% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,805,395 shares of the company's stock valued at $5,994,000 after buying an additional 632,105 shares in the last quarter. LM Asset Management Inc. acquired a new position in Claros Mortgage Trust in the fourth quarter valued at about $1,634,000. Charles Schwab Investment Management Inc. boosted its position in Claros Mortgage Trust by 11.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,621,983 shares of the company's stock valued at $11,083,000 after buying an additional 383,859 shares in the last quarter. Balyasny Asset Management L.P. boosted its position in Claros Mortgage Trust by 22.9% in the second 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 in the last quarter. Finally, Algert Global LLC boosted its position in Claros Mortgage Trust by 880.8% in the third 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 in 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.

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