Nisa Investment Advisors LLC Sells 1,605 Shares of Claros Mortgage Trust, Inc. (NYSE:CMTG)

Nisa Investment Advisors LLC trimmed its position in Claros Mortgage Trust, Inc. (NYSE:CMTG) by 3.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,100 shares of the company’s stock after selling 1,605 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Claros Mortgage Trust were worth $373,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Gladius Capital Management LP bought a new stake in shares of Claros Mortgage Trust in the 2nd quarter valued at approximately $33,000. SG Americas Securities LLC boosted its stake in Claros Mortgage Trust by 32.2% during the first quarter. SG Americas Securities LLC now owns 10,891 shares of the company’s stock worth $106,000 after buying an additional 2,651 shares during the period. Covestor Ltd increased its position in Claros Mortgage Trust by 349.4% during the first quarter. Covestor Ltd now owns 10,897 shares of the company’s stock valued at $106,000 after acquiring an additional 8,472 shares during the last quarter. MQS Management LLC purchased a new stake in shares of Claros Mortgage Trust in the first quarter valued at $128,000. Finally, Lazard Asset Management LLC bought a new stake in shares of Claros Mortgage Trust in the 1st quarter worth about $140,000. 89.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CMTG has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Claros Mortgage Trust from $8.50 to $9.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 16th. BTIG Research initiated coverage on Claros Mortgage Trust in a research note on Friday, July 19th. They set a “neutral” rating for the company. JMP Securities reaffirmed a “market perform” rating on shares of Claros Mortgage Trust in a research report on Tuesday, June 11th. Wells Fargo & Company reduced their target price on Claros Mortgage Trust from $11.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 8th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Claros Mortgage Trust from $8.50 to $8.00 and set an “underperform” rating for the company in a research note on Monday, August 12th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $9.00.

Claros Mortgage Trust Stock Up 3.5 %

Shares of NYSE:CMTG opened at $8.09 on Friday. The business’s 50 day moving average is $8.49 and its 200 day moving average is $8.83. The stock has a market cap of $1.12 billion, a P/E ratio of -13.05 and a beta of 1.53. Claros Mortgage Trust, Inc. has a 52-week low of $6.80 and a 52-week high of $15.25. The company has a quick ratio of 26.27, a current ratio of 26.27 and a debt-to-equity ratio of 2.07.

Claros Mortgage Trust Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.94%. The ex-dividend date of this dividend is Monday, September 30th. Claros Mortgage Trust’s payout ratio is -64.52%.

Insider Activity

In other Claros Mortgage Trust news, Director W Edward Walter acquired 7,000 shares of the stock in a transaction that occurred on Tuesday, May 28th. The stock was bought at an average cost of $7.21 per share, with a total value of $50,470.00. Following the completion of the purchase, the director now directly owns 13,760 shares in the company, valued at $99,209.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Claros Mortgage Trust news, Director W Edward Walter acquired 7,000 shares of Claros Mortgage Trust stock in a transaction that occurred on Tuesday, May 28th. The stock was bought at an average price of $7.21 per share, with a total value of $50,470.00. Following the completion of the purchase, the director now directly owns 13,760 shares of the company’s stock, valued at approximately $99,209.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeffrey D. Siegel bought 5,000 shares of the company’s stock in a transaction on Tuesday, May 28th. The shares were bought at an average cost of $7.23 per share, for a total transaction of $36,150.00. Following the transaction, the insider now directly owns 167,242 shares in the company, valued at approximately $1,209,159.66. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 128,000 shares of company stock worth $919,500. Company insiders own 1.40% of the company’s stock.

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.