From MarketBeat:

Claros Mortgage Trust, Inc. (NYSE:CMTG) experienced a 20.1% increase in short interest in December, with 1,730,000 shares sold short, amounting to 1.3% of the company’s shares. The company’s average daily trading volume stands at 294,300 shares, giving it a days-to-cover ratio of 5.9 days. Analysts currently rate the stock as “Hold” with an average price target of $12.50. JPMorgan Chase & Co. has set a “neutral” rating on the stock with a target price of $11.00.

Claros Mortgage Trust stock traded at $13.76, with 194,592 shares traded on Tuesday. The stock has a 52-week high of $16.98 and a 52-week low of $9.60, with a market cap of $1.91 billion. Claros Mortgage Trust reported a negative net margin of 16.13% and is expected to post a 0.14 earnings per share for the current fiscal year.

Claros Mortgage Trust recently announced a quarterly dividend of $0.25 per share to be paid on January 12th, with an annualized basis of $1.00 and a yield of 7.27%. The ex-dividend date is December 28th. Some institutional investors and hedge funds have recently acquired stakes in Claros Mortgage Trust, though 71.57% of the stock is owned by institutional investors.

Claros Mortgage Trust focuses on originating senior and subordinate loans on transitional commercial real estate assets in the United States. The company is based in New York, New York and was incorporated in 2015.



Read more: Claros Mortgage Trust, Inc. (NYSE:CMTG) Short Interest Update