Claros Mortgage Trust Inc (NYSE:CMTG) price on Friday, June 13, fall -3.24% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $2.99.
A look at the stock’s price movement, the close in the last trading session was $3.09. Turning to its 52-week performance, $9.75 and $2.13 were the 52-week high and 52-week low respectively. Overall, CMTG moved 22.04% over the past month.
Claros Mortgage Trust Inc’s market cap currently stands at around $417.98 million, with investors looking forward to this quarter’s earnings report slated for in July. The company has a Forward Dividend ratio of 0.18, with its dividend yield at 5.89%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 0 recommend CMTG as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
CMTG’s current price about 12.28% and 15.95% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 62.74, while 7-day volatility ratio is 2.83% and 3.48% in the 30-day chart. Further, Claros Mortgage Trust Inc (CMTG) has a beta value of 1.22, and an average true range (ATR) of 0.17. Analysts have given the company’s stock an average 52-week price target of $18.25, forecast between a low of $17.5 and high of $19. Looking at the price targets, the low is -485.28% off current price level while to achieve the yearly target high, price needs to move -535.45%. Nonetheless, investors will most likely welcome a -510.37% jump to $18.25 which is the analysts’ median price.
If we refocus on Claros Mortgage Trust Inc (NYSE:CMTG), historical trading data shows that trading volumes averaged 1.12 million over the past 3 months. The company’s latest data on shares outstanding shows there are 139.36 million shares.
The 19.30% of Claros Mortgage Trust Inc’s shares are in the hands of company insiders while institutional holders own 59.06% of the company’s shares. Current price change has pushed the stock -33.85% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CMTG stock continues to rise going into the next quarter.
