Quest Partners LLC Acquires 40,735 Shares of Claros Mortgage Trust, Inc. (NYSE:CMTG)

Quest Partners LLC boosted its holdings in Claros Mortgage Trust, Inc. (NYSE:CMTG) by 5,222.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,515 shares of the company’s stock after purchasing an additional 40,735 shares during the quarter. Quest Partners LLC’s holdings in Claros Mortgage Trust were worth $311,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. ProShare Advisors LLC boosted its stake in Claros Mortgage Trust by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 16,316 shares of the company’s stock worth $159,000 after purchasing an additional 1,284 shares during the period. SG Americas Securities LLC raised its holdings in shares of Claros Mortgage Trust by 32.2% during the 1st quarter. SG Americas Securities LLC now owns 10,891 shares of the company’s stock worth $106,000 after acquiring an additional 2,651 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Claros Mortgage Trust by 6.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 45,992 shares of the company’s stock worth $369,000 after acquiring an additional 2,885 shares in the last quarter. Gladius Capital Management LP purchased a new stake in shares of Claros Mortgage Trust during the 2nd quarter worth approximately $33,000. Finally, Blue Trust Inc. raised its holdings in shares of Claros Mortgage Trust by 2,260.7% during the 3rd quarter. Blue Trust Inc. now owns 5,406 shares of the company’s stock worth $43,000 after acquiring an additional 5,177 shares in the last quarter. 89.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CMTG has been the topic of several recent research reports. JPMorgan Chase & Co. decreased their price objective on 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 upped their price objective on Claros Mortgage Trust from $6.75 to $7.25 and gave the stock an “underperform” rating in a report on Tuesday, November 12th. Wells Fargo & Company cut Claros Mortgage Trust from an “equal weight” rating to an “underweight” rating and set a $8.00 price objective on the stock. in a report on Friday, September 20th. Finally, UBS Group decreased their price target on Claros Mortgage Trust from $8.50 to $8.00 and set a “neutral” rating on the stock in a report on Friday, November 15th. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $7.44.

Claros Mortgage Trust Stock Up 8.7 %

Shares of CMTG opened at $7.05 on Tuesday. The company has a market cap of $981.79 million, a PE ratio of -11.18 and a beta of 1.51. The business has a fifty day moving average of $6.91 and a 200 day moving average of $7.79. Claros Mortgage Trust, Inc. has a 52-week low of $6.08 and a 52-week high of $15.25. 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 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.