Claros Mortgage Trust (NYSE:CMTG) Trading Up 0.5% – Still a Buy?

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

Analysts Set New Price Targets

CMTG has been the subject of several recent analyst reports. UBS Group reduced their price target on Claros Mortgage Trust from $4.50 to $4.00 and set a “buy” rating for the company in a report on Friday, November 14th. Weiss Ratings reissued a “sell (d)” rating on shares of Claros Mortgage Trust in a report on Monday, December 29th. Keefe, Bruyette & Woods decreased their target price on shares of Claros Mortgage Trust from $3.25 to $3.00 and set an “underperform” rating on the stock in a research report on Thursday, January 8th. Finally, Wall Street Zen upgraded shares of Claros Mortgage Trust from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. One research analyst has rated the stock with a Buy rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Claros Mortgage Trust has a consensus rating of “Reduce” and an average target price of $3.33.

Claros Mortgage Trust Stock Performance

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

Hedge Funds Weigh In On Claros Mortgage Trust

Hedge funds have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company lifted its holdings in shares of Claros Mortgage Trust by 9.6% in the second quarter. The Manufacturers Life Insurance Company now owns 36,223 shares of the company’s stock valued at $103,000 after purchasing an additional 3,163 shares in the last quarter. BNP Paribas Financial Markets raised its position 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 purchasing an additional 3,854 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in Claros Mortgage Trust by 53.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 17,193 shares of the company’s stock valued at $49,000 after buying an additional 5,976 shares in the last quarter. Gallagher Fiduciary Advisors LLC lifted its stake in Claros Mortgage Trust by 27.1% in the 2nd quarter. Gallagher Fiduciary Advisors LLC now owns 32,549 shares of the company’s stock valued at $93,000 after buying an additional 6,939 shares in the last quarter. Finally, Rhumbline Advisers grew its holdings in Claros Mortgage Trust by 5.6% during the 2nd quarter. Rhumbline Advisers now owns 138,276 shares of the company’s stock valued at $394,000 after buying an additional 7,301 shares during the last quarter. 89.53% of the stock is currently owned by hedge funds and other institutional investors.

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.