Vanguard Group Inc. Has $155.73 Million Holdings in Claros Mortgage Trust, Inc. (NYSE:CMTG)

Vanguard Group Inc. boosted its position in Claros Mortgage Trust, Inc. (NYSE:CMTG) by 0.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 11,425,527 shares of the company’s stock after purchasing an additional 55,256 shares during the period. Vanguard Group Inc. owned approximately 0.08% of Claros Mortgage Trust worth $155,730,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Victory Capital Management Inc. grew its position in shares of Claros Mortgage Trust by 22.7% during the 4th quarter. Victory Capital Management Inc. now owns 17,353 shares of the company’s stock worth $237,000 after buying an additional 3,209 shares during the period. Van ECK Associates Corp boosted its stake in Claros Mortgage Trust by 1.7% during the fourth quarter. Van ECK Associates Corp now owns 322,173 shares of the company’s stock worth $4,391,000 after acquiring an additional 5,465 shares in the last quarter. Penserra Capital Management LLC grew its holdings in Claros Mortgage Trust by 14.4% in the third quarter. Penserra Capital Management LLC now owns 44,986 shares of the company’s stock worth $498,000 after purchasing an additional 5,671 shares during the period. Deutsche Bank AG increased its stake in Claros Mortgage Trust by 15.1% in the third quarter. Deutsche Bank AG now owns 44,383 shares of the company’s stock valued at $492,000 after purchasing an additional 5,810 shares in the last quarter. Finally, Handelsbanken Fonder AB boosted its position in shares of Claros Mortgage Trust by 90.0% during the 4th quarter. Handelsbanken Fonder AB now owns 24,700 shares of the company’s stock worth $337,000 after purchasing an additional 11,700 shares in the last quarter. Institutional investors own 89.53% of the company’s stock.

Claros Mortgage Trust Trading Down 0.2 %

Shares of Claros Mortgage Trust stock opened at $8.01 on Friday. The company has a market capitalization of $1.11 billion, a P/E ratio of -12.92 and a beta of 1.52. The stock has a fifty day simple moving average of $8.22 and a 200 day simple moving average of $9.93. Claros Mortgage Trust, Inc. has a 12-month low of $6.80 and a 12-month high of $15.25. The company has a current ratio of 26.27, a quick ratio of 26.27 and a debt-to-equity ratio of 2.07.

Claros Mortgage Trust (NYSE:CMTG) last announced its earnings results on Monday, May 6th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.16 by $0.04. Claros Mortgage Trust had a negative net margin of 28.16% and a positive return on equity of 1.51%. The company had revenue of $58.83 million during the quarter, compared to the consensus estimate of $63.64 million. On average, sell-side analysts anticipate that Claros Mortgage Trust, Inc. will post 0.14 earnings per share for the current fiscal year.

Claros Mortgage Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, June 28th. This represents a $1.00 annualized dividend and a dividend yield of 12.48%. Claros Mortgage Trust’s dividend payout ratio is currently -161.29%.

Insider Transactions at Claros Mortgage Trust

In other Claros Mortgage Trust news, CEO Richard Mack purchased 116,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The shares were acquired at an average cost of $7.18 per share, for a total transaction of $832,880.00. Following the completion of the acquisition, the chief executive officer now owns 2,551,853 shares of the company’s stock, valued at approximately $18,322,304.54. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Mike Mcgillis purchased 15,000 shares of Claros Mortgage Trust stock in a transaction that occurred on Friday, May 24th. The stock was bought at an average price of $7.34 per share, for a total transaction of $110,100.00. Following the completion of the transaction, the chief financial officer now owns 475,419 shares in the company, valued at $3,489,575.46. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Richard Mack acquired 116,000 shares of the stock in a transaction on Tuesday, May 28th. The stock was bought at an average cost of $7.18 per share, for a total transaction of $832,880.00. Following the transaction, the chief executive officer now owns 2,551,853 shares of the company’s stock, valued at approximately $18,322,304.54. The disclosure for this purchase can be found here. Insiders have acquired 193,000 shares of company stock worth $1,393,140 in the last 90 days. Insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on CMTG. Keefe, Bruyette & Woods decreased their target price on Claros Mortgage Trust from $9.75 to $9.50 and set an “underperform” rating for the company in a research report on Wednesday, April 10th. UBS Group lowered their target price on Claros Mortgage Trust from $11.50 to $10.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 20th. JMP Securities reissued a “market perform” rating on shares of Claros Mortgage Trust in a research report on Tuesday, June 11th. Wells Fargo & Company lowered their price objective on shares of Claros Mortgage Trust from $11.00 to $9.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 8th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Claros Mortgage Trust from $11.00 to $9.50 and set a “neutral” rating for the company in a research report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $9.50.

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.