Mike Mcgillis Acquires 25,000 Shares of Claros Mortgage Trust (NYSE:CMTG) Stock

Claros Mortgage Trust, Inc. (NYSE:CMTG) CFO Mike Mcgillis acquired 25,000 shares of the company’s stock in a transaction dated Thursday, August 6th. The stock was acquired at an average cost of $1.71 per share, with a total value of $42,750.00. Following the transaction, the chief financial officer directly owned 749,000 shares of the company’s stock, valued at approximately $1,280,790. This represents a 3.45% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Claros Mortgage Trust Stock Performance

Shares of CMTG stock opened at $1.85 on Wednesday. The company has a current ratio of 21.44, a quick ratio of 21.44 and a debt-to-equity ratio of 1.81. The company has a market cap of $261.71 million, a PE ratio of -0.48 and a beta of 1.16. The company’s fifty day simple moving average is $2.27 and its 200-day simple moving average is $2.40. Claros Mortgage Trust, Inc. has a 52 week low of $1.66 and a 52 week high of $3.99.

Claros Mortgage Trust (NYSE:CMTG) last announced its quarterly earnings results on Wednesday, July 29th. The company reported ($0.63) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.38). Claros Mortgage Trust had a negative return on equity of 19.70% and a negative net margin of 354.13%.The business had revenue of $30.00 million for the quarter, compared to analysts’ expectations of $33.55 million. As a group, equities research analysts anticipate that Claros Mortgage Trust, Inc. will post -2.67 EPS for the current year.

Analyst Upgrades and Downgrades

CMTG has been the subject of a number of recent research reports. UBS Group initiated coverage on Claros Mortgage Trust in a research note on Thursday, July 16th. They issued a “neutral” rating and a $2.75 target price for the company. Wall Street Zen lowered Claros Mortgage Trust from a “hold” rating to a “strong sell” rating in a research report on Saturday, August 1st. Weiss Ratings downgraded shares of Claros Mortgage Trust from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, August 3rd. Keefe, Bruyette & Woods reduced their target price on shares of Claros Mortgage Trust from $2.50 to $2.15 and set an “underperform” rating on the stock in a research report on Tuesday, August 4th. Finally, Wells Fargo & Company decreased their target price on shares of Claros Mortgage Trust from $2.50 to $1.75 and set an “underweight” rating for the company in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Strong Sell” and a consensus target price of $2.22.

Institutional Investors Weigh In On Claros Mortgage Trust

A number of institutional investors have recently made changes to their positions in CMTG. The Manufacturers Life Insurance Company lifted its position in Claros Mortgage Trust by 9.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 36,223 shares of the company’s stock valued at $103,000 after purchasing an additional 3,163 shares during the last quarter. BNP Paribas Financial Markets grew its position in Claros Mortgage Trust by 75.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 8,938 shares of the company’s stock worth $25,000 after purchasing an additional 3,854 shares during the last quarter. Renaissance Technologies LLC grew its position in Claros Mortgage Trust by 18.5% in the 4th quarter. Renaissance Technologies LLC now owns 26,900 shares of the company’s stock worth $82,000 after purchasing an additional 4,200 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Claros Mortgage Trust by 53.3% in the second quarter. Tower Research Capital LLC TRC now owns 17,193 shares of the company’s stock valued at $49,000 after purchasing an additional 5,976 shares during the period. Finally, Vident Advisory LLC increased its stake in shares of Claros Mortgage Trust by 10.3% in the fourth quarter. Vident Advisory LLC now owns 71,360 shares of the company’s stock valued at $218,000 after purchasing an additional 6,655 shares during the period. 89.53% of the stock is currently owned by institutional investors.

About Claros Mortgage Trust

Claros Mortgage Trust is a specialty finance company structured as a real estate investment trust that acquires and manages a portfolio of newly originated, conventional residential mortgage loans guaranteed or insured by U.S. government‐sponsored enterprises. The company concentrates on Agency collateral, including loans backed by Ginnie Mae, Fannie Mae and Freddie Mac, aiming to generate current income while preserving capital through high‐quality, credit‐enhanced assets.

Under an external management agreement with Claros Mortgage Capital Advisors LLC, the firm leverages a seasoned team to source, underwrite and service mortgage assets.