Atria Investments Inc Raises Stock Position in Claros Mortgage Trust, Inc. (NYSE:CMTG)

Atria Investments Inc boosted its holdings in Claros Mortgage Trust, Inc. (NYSE:CMTG) by 29.2% in the third quarter, HoldingsChannel reports. The institutional investor owned 25,743 shares of the company’s stock after purchasing an additional 5,823 shares during the quarter. Atria Investments Inc’s holdings in Claros Mortgage Trust were worth $193,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of CMTG. Waterfall Asset Management LLC bought a new position in shares of Claros Mortgage Trust in the 2nd quarter valued at about $4,448,000. Levin Capital Strategies L.P. lifted its holdings in shares of Claros Mortgage Trust by 400.0% in the 2nd quarter. Levin Capital Strategies L.P. now owns 50,000 shares of the company’s stock valued at $401,000 after acquiring an additional 40,000 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Claros Mortgage Trust by 9.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 408,766 shares of the company’s stock valued at $3,278,000 after acquiring an additional 36,911 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Claros Mortgage Trust by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 11,455,904 shares of the company’s stock valued at $111,810,000 after acquiring an additional 30,377 shares during the last quarter. Finally, Algert Global LLC bought a new position in shares of Claros Mortgage Trust in the 2nd quarter valued at about $224,000. Hedge funds and other institutional investors own 89.53% of the company’s stock.

Claros Mortgage Trust Stock Performance

Claros Mortgage Trust stock opened at $6.48 on Monday. The company has a 50 day moving average price of $6.91 and a 200-day moving average price of $7.79. The company has a debt-to-equity ratio of 2.11, a quick ratio of 20.68 and a current ratio of 20.68. Claros Mortgage Trust, Inc. has a fifty-two week low of $6.08 and a fifty-two week high of $15.25. The company has a market capitalization of $903.05 million, a PE ratio of -10.29 and a beta of 1.51.

Wall Street Analyst Weigh In

CMTG has been the subject of several analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Claros Mortgage Trust from $9.00 to $6.50 and set a “neutral” rating for the company in a research note on Thursday, October 17th. Keefe, Bruyette & Woods raised their price objective on shares of Claros Mortgage Trust from $6.75 to $7.25 and gave the stock an “underperform” rating in a research note on Tuesday, November 12th. Wells Fargo & Company downgraded shares of Claros Mortgage Trust from an “equal weight” rating to an “underweight” rating and set a $8.00 price objective for the company. in a research note on Friday, September 20th. Finally, UBS Group decreased their price objective on shares of Claros Mortgage Trust from $8.50 to $8.00 and set a “neutral” rating for the company in a research note on Friday, November 15th. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $7.44.

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.