Claros Mortgage Trust, Inc. (NYSE:CMTG) Short Interest Down 9.4% in November

Claros Mortgage Trust, Inc. (NYSE:CMTG) was the recipient of a large decline in short interest in November. As of November 15th, there was short interest totalling 3,930,000 shares, a decline of 9.4% from the October 31st total of 4,340,000 shares. Currently, 3.1% of the company’s stock are sold short. Based on an average daily volume of 388,700 shares, the short-interest ratio is currently 10.1 days.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CMTG. Gladius Capital Management LP purchased a new position in Claros Mortgage Trust during the 2nd quarter valued at about $33,000. Blue Trust Inc. boosted its position 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 worth $43,000 after purchasing an additional 5,177 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Claros Mortgage Trust in the 3rd quarter worth approximately $101,000. Intech Investment Management LLC purchased a new stake in shares of Claros Mortgage Trust in the 3rd quarter worth approximately $114,000. Finally, Simplicity Wealth LLC bought a new position in Claros Mortgage Trust during the 2nd quarter valued at approximately $121,000. 89.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods boosted their target price on Claros Mortgage Trust from $6.75 to $7.25 and gave the stock an “underperform” rating in a research note on Tuesday, November 12th. JPMorgan Chase & Co. cut their price objective on Claros Mortgage Trust from $9.00 to $6.50 and set a “neutral” rating on the stock in a research report on Thursday, October 17th. Wells Fargo & Company lowered Claros Mortgage Trust from an “equal weight” rating to an “underweight” rating and set a $8.00 target price for the company. in a research report on Friday, September 20th. Finally, UBS Group cut their price target on shares of Claros Mortgage Trust from $8.50 to $8.00 and set a “neutral” rating on the stock in a report on Friday, November 15th. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $7.44.

Claros Mortgage Trust Stock Performance

Claros Mortgage Trust stock opened at $6.79 on Monday. The company has a market capitalization of $946.25 million, a PE ratio of -10.78 and a beta of 1.51. Claros Mortgage Trust has a twelve month low of $6.08 and a twelve month high of $15.25. The firm has a fifty day simple moving average of $6.77 and a two-hundred day simple moving average of $7.73. The company has a quick ratio of 20.68, a current ratio of 20.68 and a debt-to-equity ratio of 2.11.

About Claros Mortgage Trust

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.