Claros Mortgage Trust, Inc. (NYSE:CMTG) Short Interest Down 13.4% in October

Claros Mortgage Trust, Inc. (NYSE:CMTG) was the recipient of a significant decrease in short interest in October. As of October 31st, there was short interest totalling 4,340,000 shares, a decrease of 13.4% from the October 15th total of 5,010,000 shares. Based on an average daily volume of 373,200 shares, the short-interest ratio is presently 11.6 days. Currently, 3.4% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

A number of research firms have commented on CMTG. BTIG Research initiated coverage on Claros Mortgage Trust in a report on Friday, July 19th. They set a “neutral” rating on the stock. JPMorgan Chase & Co. decreased their target price on Claros Mortgage Trust from $9.00 to $6.50 and set a “neutral” rating on the stock in a research note on Thursday, October 17th. Wells Fargo & Company downgraded Claros Mortgage Trust from an “equal weight” rating to an “underweight” rating and set a $8.00 price target for the company. in a research note on Friday, September 20th. Keefe, Bruyette & Woods lifted their price objective on shares of Claros Mortgage Trust from $6.75 to $7.25 and gave the company an “underperform” rating in a research report on Tuesday. Finally, UBS Group dropped their target price on shares of Claros Mortgage Trust from $8.50 to $8.00 and set a “neutral” rating for the company in a research report on Friday. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $7.44.

Institutional Trading of Claros Mortgage Trust

Hedge funds have recently modified their holdings of the company. Gladius Capital Management LP bought a new position in shares of Claros Mortgage Trust in the 2nd quarter valued at about $33,000. Blue Trust Inc. lifted its stake in shares of Claros Mortgage Trust by 2,260.7% in the 3rd quarter. Blue Trust Inc. now owns 5,406 shares of the company’s stock valued at $43,000 after purchasing an additional 5,177 shares during the last quarter. GSA Capital Partners LLP purchased a new position in shares of Claros Mortgage Trust in the 3rd quarter worth approximately $101,000. Covestor Ltd increased its position in shares of Claros Mortgage Trust by 349.4% during the 1st quarter. Covestor Ltd now owns 10,897 shares of the company’s stock valued at $106,000 after purchasing an additional 8,472 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in Claros Mortgage Trust by 32.2% during the 1st quarter. SG Americas Securities LLC now owns 10,891 shares of the company’s stock valued at $106,000 after buying an additional 2,651 shares during the period. 89.53% of the stock is owned by hedge funds and other institutional investors.

Claros Mortgage Trust Price Performance

Claros Mortgage Trust stock traded down $0.26 during midday trading on Friday, reaching $6.70. 299,486 shares of the stock traded hands, compared to its average volume of 342,201. The stock has a market cap of $933.71 million, a P/E ratio of -10.63 and a beta of 1.51. The stock’s fifty day moving average is $7.04 and its 200-day moving average is $7.88. The company has a quick ratio of 28.19, a current ratio of 20.68 and a debt-to-equity ratio of 2.11. Claros Mortgage Trust has a 12 month low of $6.08 and a 12 month high of $15.25.

Claros Mortgage Trust Company Profile

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.