Claros Mortgage Trust, Inc. (NYSE:CMTG) CEO Acquires $366,850.00 in Stock

Claros Mortgage Trust, Inc. (NYSE:CMTG) CEO Richard Mack bought 115,000 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were bought at an average cost of $3.19 per share, for a total transaction of $366,850.00. Following the completion of the transaction, the chief executive officer now directly owns 2,564,981 shares of the company’s stock, valued at $8,182,289.39. This trade represents a 4.69 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Claros Mortgage Trust Stock Up 6.0 %

CMTG stock traded up $0.20 during trading hours on Wednesday, hitting $3.43. The company’s stock had a trading volume of 1,140,205 shares, compared to its average volume of 475,950. The stock has a 50 day moving average price of $3.33 and a two-hundred day moving average price of $5.51. Claros Mortgage Trust, Inc. has a 12 month low of $2.13 and a 12 month high of $10.05. The company has a market capitalization of $477.32 million, a PE ratio of -2.15 and a beta of 1.62. The company has a quick ratio of 20.68, a current ratio of 25.67 and a debt-to-equity ratio of 2.08.

Claros Mortgage Trust (NYSE:CMTG) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.03. The firm had revenue of $60.23 million during the quarter, compared to analysts’ expectations of $58.07 million. Claros Mortgage Trust had a negative net margin of 89.07% and a positive return on equity of 4.72%. On average, equities research analysts expect that Claros Mortgage Trust, Inc. will post 0.27 earnings per share for the current year.

Analysts Set New Price Targets

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

Institutional Trading of Claros Mortgage Trust

Several large investors have recently made changes to their positions in CMTG. SG Americas Securities LLC raised its stake 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 valued at $107,000 after acquiring an additional 3,694 shares in the last quarter. Sei Investments Co. grew its holdings in Claros Mortgage Trust by 19.0% during the fourth quarter. Sei Investments Co. now owns 23,828 shares of the company’s stock valued at $108,000 after purchasing an additional 3,800 shares during the last quarter. Atria Investments Inc raised its position in shares of Claros Mortgage Trust by 29.2% in the third quarter. Atria Investments Inc now owns 25,743 shares of the company’s stock valued at $193,000 after purchasing an additional 5,823 shares during the period. State Street Corp lifted 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 buying an additional 6,882 shares during the last quarter. Finally, ProShare Advisors LLC lifted its stake in shares of Claros Mortgage Trust by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 24,311 shares of the company’s stock worth $110,000 after buying an additional 7,999 shares during the last quarter. Institutional investors own 89.53% of the company’s stock.

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.