Claros Mortgage Trust, Inc. (NYSE:CMTG) Director Acquires $17,000.00 in Stock

Claros Mortgage Trust, Inc. (NYSE:CMTG) Director Steven Leonard Richman bought 5,000 shares of the business’s stock in a transaction on Wednesday, March 12th. The stock was purchased at an average price of $3.40 per share, with a total value of $17,000.00. Following the completion of the transaction, the director now directly owns 18,500 shares of the company’s stock, valued at $62,900. This trade represents a 37.04 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Claros Mortgage Trust Price Performance

Shares of NYSE:CMTG opened at $4.00 on Friday. The stock has a fifty day moving average of $3.28 and a 200-day moving average of $5.43. The company has a debt-to-equity ratio of 2.08, a quick ratio of 20.68 and a current ratio of 25.67. Claros Mortgage Trust, Inc. has a one year low of $2.13 and a one year high of $10.05. The company has a market capitalization of $556.76 million, a PE ratio of -2.51 and a beta of 1.62.

Claros Mortgage Trust (NYSE:CMTG) last announced its earnings results on Wednesday, February 19th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.03. Claros Mortgage Trust had a negative net margin of 89.07% and a positive return on equity of 4.72%. The company had revenue of $60.23 million for the quarter, compared to the consensus estimate of $58.07 million. As a group, equities analysts anticipate that Claros Mortgage Trust, Inc. will post 0.27 EPS for the current fiscal year.

Institutional Trading of Claros Mortgage Trust

Several large investors have recently added to or reduced their stakes in the company. Koch Inc. acquired a new stake in Claros Mortgage Trust during the 4th quarter valued at $68,374,000. Geode Capital Management LLC increased its stake in shares of Claros Mortgage Trust by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 2,330,895 shares of the company’s stock worth $10,538,000 after acquiring an additional 10,835 shares during the last quarter. State Street Corp increased its stake in shares of Claros Mortgage Trust by 0.3% in the third quarter. State Street Corp now owns 2,165,863 shares of the company’s stock worth $16,436,000 after acquiring an additional 6,882 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Claros Mortgage Trust by 19.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,679,701 shares of the company’s stock worth $7,592,000 after acquiring an additional 277,053 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Claros Mortgage Trust by 35.5% in the fourth quarter. JPMorgan Chase & Co. now owns 649,674 shares of the company’s stock worth $2,937,000 after acquiring an additional 170,244 shares during the last quarter. 89.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CMTG. Wells Fargo & Company cut their target price on Claros Mortgage Trust from $8.00 to $3.00 and set an “underweight” rating for the company in a research report on Tuesday, February 25th. Keefe, Bruyette & Woods cut their price objective on Claros Mortgage Trust from $4.00 to $2.50 and set an “underperform” rating for the company in a research report on Thursday, February 27th. Finally, UBS Group cut their price objective on Claros Mortgage Trust from $6.00 to $5.25 and set a “buy” rating for the company in a research report on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $4.31.

Claros Mortgage Trust Company Profile

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.