Claros Mortgage Trust, Inc. (NYSE:CMTG) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lowered its position in shares of Claros Mortgage Trust, Inc. (NYSE:CMTG) by 10.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,737 shares of the company’s stock after selling 5,171 shares during the period. Nisa Investment Advisors LLC’s holdings in Claros Mortgage Trust were worth $637,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Deutsche Bank AG increased its holdings in shares of Claros Mortgage Trust by 1.6% during the 4th quarter. Deutsche Bank AG now owns 39,260 shares of the company’s stock worth $578,000 after buying an additional 614 shares during the last quarter. Citigroup Inc. increased its holdings in Claros Mortgage Trust by 36.2% in the 4th quarter. Citigroup Inc. now owns 2,531 shares of the company’s stock valued at $37,000 after purchasing an additional 673 shares during the last quarter. ProShare Advisors LLC increased its holdings in Claros Mortgage Trust by 9.1% in the 2nd quarter. ProShare Advisors LLC now owns 11,811 shares of the company’s stock valued at $134,000 after purchasing an additional 983 shares during the last quarter. FMR LLC increased its holdings in Claros Mortgage Trust by 97.8% in the 3rd quarter. FMR LLC now owns 2,742 shares of the company’s stock valued at $30,000 after purchasing an additional 1,356 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in Claros Mortgage Trust by 204.5% in the 1st quarter. Tower Research Capital LLC TRC now owns 2,521 shares of the company’s stock valued at $29,000 after purchasing an additional 1,693 shares during the last quarter. Institutional investors and hedge funds own 89.53% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CMTG. Keefe, Bruyette & Woods dropped their target price on shares of Claros Mortgage Trust from $9.75 to $9.50 and set an “underperform” rating for the company in a report on Wednesday, April 10th. JPMorgan Chase & Co. dropped their price target on shares of Claros Mortgage Trust from $11.00 to $9.50 and set a “neutral” rating for the company in a research note on Wednesday, April 10th. Finally, UBS Group dropped their price target on shares of Claros Mortgage Trust from $11.50 to $10.00 and set a “neutral” rating for the company in a research note on Wednesday, March 20th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $10.00.

Claros Mortgage Trust Stock Performance

NYSE:CMTG opened at $8.57 on Wednesday. The company has a fifty day simple moving average of $9.63 and a two-hundred day simple moving average of $11.22. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 428.71 and a beta of 1.58. The company has a quick ratio of 25.03, a current ratio of 25.03 and a debt-to-equity ratio of 2.09. Claros Mortgage Trust, Inc. has a 52 week low of $8.37 and a 52 week high of $15.25.

Claros Mortgage Trust (NYSE:CMTG) last released its quarterly earnings data on Tuesday, February 20th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.19. The business had revenue of $75.98 million during the quarter, compared to analysts’ expectations of $72.79 million. Claros Mortgage Trust had a net margin of 1.97% and a return on equity of 2.01%. As a group, equities analysts anticipate that Claros Mortgage Trust, Inc. will post 0.66 earnings per share for the current fiscal year.

Claros Mortgage Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.00 annualized dividend and a dividend yield of 11.67%. Claros Mortgage Trust’s dividend payout ratio (DPR) is currently 5,002.50%.

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.