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

Claros Mortgage Trust, Inc. (NYSE:CMTG) Director Steven Leonard Richman acquired 5,000 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average cost of $3.40 per share, with a total value of $17,000.00. Following the completion of the acquisition, the director now owns 18,500 shares of the company’s stock, valued at $62,900. The trade was a 37.04 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Claros Mortgage Trust Stock Up 10.7 %

NYSE:CMTG opened at $4.00 on Friday. The firm has a market capitalization of $556.76 million, a PE ratio of -2.51 and a beta of 1.62. The stock has a 50 day moving average of $3.28 and a 200-day moving average of $5.43. Claros Mortgage Trust, Inc. has a 52 week low of $2.13 and a 52 week high of $10.05. The company has a current ratio of 25.67, a quick ratio of 20.68 and a debt-to-equity ratio of 2.08.

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

Analyst Ratings Changes

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

Hedge Funds Weigh In On Claros Mortgage Trust

Several hedge funds and other institutional investors have recently made changes to their positions in CMTG. Atria Investments Inc boosted its position in shares of Claros Mortgage Trust by 29.2% during the third quarter. Atria Investments Inc now owns 25,743 shares of the company’s stock worth $193,000 after buying an additional 5,823 shares during the period. GSA Capital Partners LLP acquired a new position in shares of Claros Mortgage Trust during the third quarter worth approximately $101,000. Quest Partners LLC boosted its position in shares of Claros Mortgage Trust by 5,222.4% during the third quarter. Quest Partners LLC now owns 41,515 shares of the company’s stock worth $311,000 after buying an additional 40,735 shares during the period. Intech Investment Management LLC acquired a new position in shares of Claros Mortgage Trust during the third quarter worth approximately $114,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Claros Mortgage Trust by 15.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,402,648 shares of the company’s stock worth $10,506,000 after buying an additional 188,950 shares during the period. 89.53% of the stock is currently owned by institutional investors and hedge funds.

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.