Arlington Trust Co LLC Buys New Shares in Claros Mortgage Trust, Inc. (NYSE:CMTG)

Arlington Trust Co LLC acquired a new stake in Claros Mortgage Trust, Inc. (NYSE:CMTG) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 9,500 shares of the company’s stock, valued at approximately $43,000.

A number of other hedge funds also recently made changes to their positions in the business. The Manufacturers Life Insurance Company grew its holdings in shares of Claros Mortgage Trust by 6.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 45,992 shares of the company’s stock worth $369,000 after purchasing an additional 2,885 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Claros Mortgage Trust by 18.4% in the 4th quarter. SG Americas Securities LLC now owns 23,769 shares of the company’s stock worth $107,000 after purchasing an additional 3,694 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Claros Mortgage Trust by 2,260.7% in the 3rd quarter. Blue Trust Inc. now owns 5,406 shares of the company’s stock worth $43,000 after purchasing an additional 5,177 shares during the last quarter. Atria Investments Inc grew its holdings in shares of Claros Mortgage Trust by 29.2% in the 3rd quarter. Atria Investments Inc now owns 25,743 shares of the company’s stock worth $193,000 after purchasing an additional 5,823 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of Claros Mortgage Trust by 0.3% in the 3rd quarter. State Street Corp now owns 2,165,863 shares of the company’s stock worth $16,436,000 after purchasing an additional 6,882 shares during the last quarter. Institutional investors and hedge funds own 89.53% of the company’s stock.

Claros Mortgage Trust Stock Down 2.0 %

Shares of NYSE:CMTG opened at $3.23 on Tuesday. The company has a quick ratio of 20.68, a current ratio of 20.68 and a debt-to-equity ratio of 2.11. Claros Mortgage Trust, Inc. has a 12 month low of $3.14 and a 12 month high of $10.37. The firm has a market cap of $449.45 million, a P/E ratio of -5.12 and a beta of 1.57. The company’s 50-day moving average price is $4.45 and its two-hundred day moving average price is $6.39.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. lowered their target price on shares of Claros Mortgage Trust from $9.00 to $6.50 and set a “neutral” rating on the stock in a report on Thursday, October 17th. Keefe, Bruyette & Woods lowered their target price on shares of Claros Mortgage Trust from $6.50 to $4.00 and set an “underperform” rating on the stock in a report on Tuesday, January 14th. Finally, UBS Group raised shares of Claros Mortgage Trust from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $8.00 to $6.00 in a report on Friday, January 10th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $6.13.

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.