GSA Capital Partners LLP Acquires Shares of 13,523 Claros Mortgage Trust, Inc. (NYSE:CMTG)

GSA Capital Partners LLP acquired a new position in shares of Claros Mortgage Trust, Inc. (NYSE:CMTG) in the third quarter, HoldingsChannel reports. The fund acquired 13,523 shares of the company’s stock, valued at approximately $101,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CMTG. Atria Investments Inc boosted its stake in Claros Mortgage Trust by 29.2% in the 3rd quarter. Atria Investments Inc now owns 25,743 shares of the company’s stock worth $193,000 after purchasing an additional 5,823 shares during the period. Blue Trust Inc. boosted its position in shares of Claros Mortgage Trust by 2,260.7% during the third quarter. Blue Trust Inc. now owns 5,406 shares of the company’s stock worth $43,000 after buying an additional 5,177 shares during the period. SG Americas Securities LLC bought a new position in shares of Claros Mortgage Trust during the third quarter worth about $150,000. Waterfall Asset Management LLC acquired a new stake in Claros Mortgage Trust in the 2nd quarter valued at approximately $4,448,000. Finally, Algert Global LLC bought a new stake in Claros Mortgage Trust in the 2nd quarter valued at approximately $224,000. Institutional investors own 89.53% of the company’s stock.

Claros Mortgage Trust Trading Up 8.7 %

Shares of Claros Mortgage Trust stock opened at $7.05 on Tuesday. The firm’s 50-day moving average price is $6.91 and its two-hundred day moving average price is $7.79. Claros Mortgage Trust, Inc. has a 12-month low of $6.08 and a 12-month 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. The company has a market capitalization of $981.79 million, a price-to-earnings ratio of -11.08 and a beta of 1.51.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CMTG. UBS Group reduced their target price on shares of Claros Mortgage Trust from $8.50 to $8.00 and set a “neutral” rating for the company in a report on Friday, November 15th. Wells Fargo & Company cut Claros Mortgage Trust from an “equal weight” rating to an “underweight” rating and set a $8.00 price objective for the company. in a report on Friday, September 20th. Keefe, Bruyette & Woods increased their price target on Claros Mortgage Trust from $6.75 to $7.25 and gave the company an “underperform” rating in a research report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. decreased their price target on 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. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $7.44.

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.