The trading price of Claros Mortgage Trust Inc (NYSE:CMTG) closed lower on Monday, March 03, and closing at $2.21, -5.15% lower than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $9.80 and a 52-week low of $2.22. Over the past month, the stock has lost -32.42% in value.
Claros Mortgage Trust Inc, whose market valuation is $307.99 million at the time of this writing, is expected to release its quarterly earnings report in April. The dividend yield on the company stock is 13.57%, while its Forward Dividend ratio is 0.30. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest CMTG has a 100% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned CMTG a recommendation rating is 2. Out of them, 2 rate it a Hold, while 0 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Claros Mortgage Trust Inc (CMTG) as Underweight, while 0 advise Sell. Analysts have rated the stock Hold, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that CMTG’s price is currently -25.12% off the SMA20 and -37.63% off the SMA50. The RSI metric on the 14-day chart is currently showing 22.30, and weekly volatility stands at 7.81%. When measured over the past 30 days, the indicator reaches 7.16%. Claros Mortgage Trust Inc (NYSE:CMTG)’s beta value is currently sitting at 1.64, while the Average True Range indicator is currently displaying 0.22. With analysts defining $17.5-$19 as the low and high price targets, we arrive at a consensus price target of $18.25 for the trailing 12-month period. The current price is about -691.86% off the estimated low and -759.73% off the forecast high, based on this estimate. Investors will be thrilled if CMTG’s share price rises to $18.25, which is the median consensus price. At that level, CMTG’s share price would be -725.79% below current price.
To see how Claros Mortgage Trust Inc stock has been performing in comparison to its peers in the industry, here are the numbers: CMTG stock’s performance was -5.15% in the latest trading, and -75.15% in the past year, while Prologis Inc. (PLD) has traded -0.31%% on the day and positioned -7.54% lower than it was a year ago. Another comparable company American Tower REIT (AMT) saw its stock close 1.94%% higher in the most recent trading session but was up 1.68% in a year.
An evaluation of the daily trading volume of Claros Mortgage Trust Inc (NYSE:CMTG) indicates that the 3-month average is 659.67K.
Currently, records show that 139.36 million of the company’s shares remain outstanding. The insiders hold 18.69% of outstanding shares, whereas institutions hold 65.26%. However, since the stock’s price has seen -51.11% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
