Mike Mcgillis Buys 24,115 Shares of Claros Mortgage Trust, Inc. (NYSE:CMTG) Stock

Claros Mortgage Trust, Inc. (NYSE:CMTG) CFO Mike Mcgillis purchased 24,115 shares of the stock in a transaction dated Wednesday, March 12th. The shares were purchased at an average price of $3.30 per share, with a total value of $79,579.50. Following the transaction, the chief financial officer now directly owns 475,945 shares of the company’s stock, valued at approximately $1,570,618.50. The trade was a 5.34 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Claros Mortgage Trust Stock Performance

Shares of CMTG opened at $4.00 on Friday. The firm has a 50-day moving average price of $3.28 and a 200 day moving average price of $5.45. The firm has a market capitalization of $556.76 million, a PE ratio of -2.51 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, Inc. has a 52-week low of $2.13 and a 52-week high of $10.05.

Claros Mortgage Trust (NYSE:CMTG) last announced its earnings results on Wednesday, February 19th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.03. The firm had revenue of $60.23 million during the quarter, compared to analyst estimates 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, sell-side analysts anticipate that Claros Mortgage Trust, Inc. will post 0.27 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Claros Mortgage Trust

Institutional investors and hedge funds have recently bought and sold shares of the business. State Street Corp lifted its holdings in Claros Mortgage Trust by 0.3% in the 3rd quarter. State Street Corp now owns 2,165,863 shares of the company’s stock valued at $16,436,000 after acquiring an additional 6,882 shares during the last quarter. Barclays PLC lifted its holdings in Claros Mortgage Trust by 332.1% in the 3rd quarter. Barclays PLC now owns 138,291 shares of the company’s stock valued at $1,037,000 after acquiring an additional 106,289 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Claros Mortgage Trust by 236.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 479,430 shares of the company’s stock valued at $3,591,000 after acquiring an additional 336,931 shares during the last quarter. Atria Investments Inc lifted its holdings in Claros Mortgage Trust by 29.2% in the 3rd quarter. Atria Investments Inc now owns 25,743 shares of the company’s stock valued at $193,000 after acquiring an additional 5,823 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Claros Mortgage Trust by 15.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,402,648 shares of the company’s stock valued at $10,506,000 after acquiring an additional 188,950 shares during the last quarter. 89.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CMTG has been the subject of several recent research reports. Keefe, Bruyette & Woods lowered their price target on shares of Claros Mortgage Trust from $4.00 to $2.50 and set an “underperform” rating for the company in a research report on Thursday, February 27th. Wells Fargo & Company lowered their price target on shares of Claros Mortgage Trust from $8.00 to $3.00 and set an “underweight” rating for the company in a research report on Tuesday, February 25th. Finally, UBS Group lowered their price target on shares of 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. 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 company’s stock. According to data from MarketBeat.com, Claros Mortgage Trust has a consensus rating of “Hold” and an average price target of $4.31.

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.