Penserra Capital Management LLC Boosts Holdings in Claros Mortgage Trust, Inc. (NYSE:CMTG)

Penserra Capital Management LLC boosted its position in shares of Claros Mortgage Trust, Inc. (NYSE:CMTG) by 22.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 134,542 shares of the company’s stock after purchasing an additional 25,110 shares during the quarter. Penserra Capital Management LLC’s holdings in Claros Mortgage Trust were worth $1,007,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Gladius Capital Management LP bought a new position in shares of Claros Mortgage Trust in the second quarter worth approximately $33,000. Blue Trust Inc. raised its holdings in Claros Mortgage Trust by 2,260.7% in 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 during the last quarter. GSA Capital Partners LLP bought a new position in Claros Mortgage Trust in the 3rd quarter valued at approximately $101,000. Intech Investment Management LLC purchased a new stake in Claros Mortgage Trust during the 3rd quarter valued at $114,000. Finally, Simplicity Wealth LLC purchased a new position in shares of Claros Mortgage Trust in the second quarter worth $121,000. 89.53% of the stock is currently owned by institutional investors.

Claros Mortgage Trust Trading Up 3.0 %

Claros Mortgage Trust stock opened at $6.79 on Thursday. Claros Mortgage Trust, Inc. has a 52-week low of $6.08 and a 52-week high of $15.25. The company has a market cap of $946.25 million, a P/E ratio of -10.78 and a beta of 1.51. 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 business has a 50-day simple moving average of $6.86 and a two-hundred day simple moving average of $7.77.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CMTG shares. UBS Group dropped their price objective on Claros Mortgage Trust from $8.50 to $8.00 and set a “neutral” rating on the stock in a research report on Friday, November 15th. Keefe, Bruyette & Woods upped their target price on shares of Claros Mortgage Trust from $6.75 to $7.25 and gave the company an “underperform” rating in a research note on Tuesday, November 12th. Wells Fargo & Company lowered shares of Claros Mortgage Trust from an “equal weight” rating to an “underweight” rating and set a $8.00 price target for the company. in a research note on Friday, September 20th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Claros Mortgage Trust from $9.00 to $6.50 and set a “neutral” rating on the stock in a research report on Thursday, October 17th. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $7.44.

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.