Short-term stake in Claros Mortgage Trust Inc (NYSE:CMTG) drops 42.5%
Claros Mortgage Trust Inc (NYSE:CMTG) benefited from a sharp drop in short interest in January. As of January 15, there was short interest totaling 10,300 shares, down 42.5% from the total of 17,900 shares as of December 31. Based on an average trading volume of 158,500 shares, the short-term interest rate ratio is currently 0.1 day. Approximately 0.0% of the company’s shares are sold short.
NYSE: CMTG traded down $0.31 during Friday trading hours, hitting $17.85. 8,152 shares of the company were traded, compared to its average volume of 35,892. Claros Mortgage Trust has a 12-month low of $14.96 and a 12-month high of $18.74. The stock has a fifty-day moving average price of $17.09.
Claros Mortgage Trust (NYSE:CMTG) last released its quarterly results on Monday, December 13. The company reported earnings per share of $0.34 for the quarter, matching the consensus estimate of $0.34. The company had revenue of $64.36 million for the quarter. As a group, sell-side analysts expect Claros Mortgage Trust to post 1.25 earnings per share for the current year.
The company also recently announced an annual dividend, which was paid on Saturday, January 15. Shareholders of record on Friday, December 31 received a dividend of $0.37. This represents a return of 2.39%. The ex-dividend date was Thursday, December 30.
Several stock analysts have recently commented on the company. Keefe, Bruyette & Woods assumed cover for Claros Mortgage Trust in a Monday, November 29 research report. They set a “market performance” rating and a price target of $18.00 on the stock. JPMorgan Chase & Co. assumed cover for Claros Mortgage Trust in a Monday, Nov. 29 research report. They issued an “overweight” rating and a target price of $20.00 on the stock. UBS Group launched coverage on Claros Mortgage Trust in a research report on Monday, November 29. They issued a “neutral” rating and a target price of $17.50 on the stock. Finally, JMP Securities launched a hedge on Claros Mortgage Trust in a report on Monday, November 29. They issued an “outperform” rating and a price target of $19.00 for the company.
Claros Mortgage Trust Company Profile
Claros Mortgage Trust Inc is a real estate investment trust primarily focused on originating senior and subordinated loans on transitional commercial real estate assets. Claros Mortgage Trust Inc is based in NEW YORK.
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