Barclays PLC Has $1.04 Million Position in Claros Mortgage Trust, Inc. (NYSE:CMTG)

Barclays PLC boosted its stake in shares of Claros Mortgage Trust, Inc. (NYSE:CMTG) by 332.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 138,291 shares of the company’s stock after buying an additional 106,289 shares during the quarter. Barclays PLC’s holdings in Claros Mortgage Trust were worth $1,037,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. State Street Corp lifted its holdings in Claros Mortgage Trust by 0.3% during the 3rd quarter. State Street Corp now owns 2,165,863 shares of the company’s stock worth $16,436,000 after buying an additional 6,882 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Claros Mortgage Trust by 15.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,402,648 shares of the company’s stock worth $10,506,000 after buying an additional 188,950 shares during the period. Waterfall Asset Management LLC acquired a new position in shares of Claros Mortgage Trust in the 2nd quarter valued at about $4,448,000. Bank of New York Mellon Corp lifted its stake in shares of Claros Mortgage Trust by 9.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 408,766 shares of the company’s stock valued at $3,278,000 after purchasing an additional 36,911 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC acquired a new position in shares of Claros Mortgage Trust in the 3rd quarter valued at about $2,552,000. 89.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Claros Mortgage Trust Stock Performance

Shares of Claros Mortgage Trust stock opened at $4.11 on Tuesday. Claros Mortgage Trust, Inc. has a one year low of $3.94 and a one year high of $13.88. The firm has a market capitalization of $572.78 million, a price-to-earnings ratio of -6.52 and a beta of 1.52. The business has a 50-day simple moving average of $6.15 and a 200 day simple moving average of $7.35. The company has a debt-to-equity ratio of 2.11, a current ratio of 20.68 and a quick ratio of 20.68.

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.