Claros Mortgage Trust, Inc. (NYSE:CMTG) CEO Richard Mack Buys 115,000 Shares of Stock

Claros Mortgage Trust, Inc. (NYSE:CMTG) CEO Richard Mack bought 115,000 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was bought at an average cost of $3.19 per share, for a total transaction of $366,850.00. Following the transaction, the chief executive officer now owns 2,564,981 shares of the company’s stock, valued at $8,182,289.39. The trade was a 4.69 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Claros Mortgage Trust Price Performance

Shares of NYSE CMTG opened at $3.43 on Thursday. Claros Mortgage Trust, Inc. has a twelve month low of $2.13 and a twelve month high of $10.05. The company has a market cap of $477.32 million, a PE ratio of -2.15 and a beta of 1.62. The business’s 50 day moving average price is $3.31 and its two-hundred day moving average price is $5.49. The company has a quick ratio of 20.68, a current ratio of 25.67 and a debt-to-equity ratio of 2.08.

Claros Mortgage Trust (NYSE:CMTG) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.03. Claros Mortgage Trust had a positive return on equity of 4.72% and a negative net margin of 89.07%. The company had revenue of $60.23 million during the quarter, compared to analysts’ expectations of $58.07 million. On average, analysts predict that Claros Mortgage Trust, Inc. will post 0.27 EPS for the current year.

Analyst Upgrades and Downgrades

CMTG has been the topic of a number of recent research reports. Wells Fargo & Company lowered their target price on Claros Mortgage Trust from $8.00 to $3.00 and set an “underweight” rating on the stock in a research report on Tuesday, February 25th. Keefe, Bruyette & Woods lowered their target price on Claros Mortgage Trust from $4.00 to $2.50 and set an “underperform” rating on the stock in a research report on Thursday, February 27th. Finally, UBS Group lowered their price target on Claros Mortgage Trust from $6.00 to $5.25 and set a “buy” rating on the stock in a research report on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, Claros Mortgage Trust presently has a consensus rating of “Hold” and a consensus target price of $4.31.

Institutional Investors Weigh In On Claros Mortgage Trust

A number of institutional investors have recently made changes to their positions in the company. Koch Inc. bought a new stake in shares of Claros Mortgage Trust during the fourth quarter worth approximately $68,374,000. Squarepoint Ops LLC bought a new stake in shares of Claros Mortgage Trust in the fourth quarter valued at approximately $46,000. ProShare Advisors LLC boosted its stake in shares of Claros Mortgage Trust by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 24,311 shares of the company’s stock valued at $110,000 after buying an additional 7,999 shares during the period. Quantinno Capital Management LP bought a new stake in shares of Claros Mortgage Trust in the fourth quarter valued at approximately $115,000. Finally, Millennium Management LLC boosted its stake in shares of Claros Mortgage Trust by 38.4% in the fourth quarter. Millennium Management LLC now owns 135,388 shares of the company’s stock valued at $612,000 after buying an additional 37,548 shares during the period. Institutional investors own 89.53% of the company’s stock.

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.