Insider Buying: Claros Mortgage Trust, Inc. (NYSE:CMTG) CEO Buys 25,000 Shares of Stock

Claros Mortgage Trust, Inc. (NYSE:CMTG) CEO Richard Mack purchased 25,000 shares of the stock in a transaction dated Wednesday, March 12th. The stock was purchased at an average price of $3.38 per share, with a total value of $84,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 2,589,981 shares in the company, valued at approximately $8,754,135.78. The trade was a 0.97 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Richard Mack also recently made the following trade(s):

• On Monday, March 10th, Richard Mack bought 115,000 shares of Claros Mortgage Trust stock. The shares were acquired at an average price of $3.19 per share, with a total value of $366,850.00.

Claros Mortgage Trust Price Performance

Shares of CMTG opened at $4.00 on Friday. The firm has a market capitalization of $556.76 million, a price-to-earnings ratio of -2.51 and a beta of 1.62. The stock’s fifty day moving average is $3.28 and its 200-day moving average is $5.45. Claros Mortgage Trust, Inc. has a one year low of $2.13 and a one year high of $10.05. The company has a debt-to-equity ratio of 2.08, a quick ratio of 20.68 and a current ratio of 25.67.

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC boosted its stake in shares of Claros Mortgage Trust by 18.4% during the 4th quarter. SG Americas Securities LLC now owns 23,769 shares of the company’s stock worth $107,000 after acquiring an additional 3,694 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Claros Mortgage Trust by 19.0% during the fourth quarter. Sei Investments Co. now owns 23,828 shares of the company’s stock valued at $108,000 after purchasing an additional 3,800 shares during the last quarter. Atria Investments Inc boosted its position in shares of Claros Mortgage Trust by 29.2% in the 3rd quarter. Atria Investments Inc now owns 25,743 shares of the company’s stock valued at $193,000 after purchasing an additional 5,823 shares during the period. State Street Corp increased its stake in Claros Mortgage Trust by 0.3% in the 3rd quarter. State Street Corp now owns 2,165,863 shares of the company’s stock worth $16,436,000 after purchasing an additional 6,882 shares in the last quarter. Finally, ProShare Advisors LLC increased its stake in Claros Mortgage Trust by 49.0% in the 4th 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. Institutional investors and hedge funds own 89.53% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company lowered their price objective on shares of Claros Mortgage Trust from $8.00 to $3.00 and set an “underweight” rating for the company in a research report on Tuesday, February 25th. UBS Group cut their price target on Claros Mortgage Trust from $6.00 to $5.25 and set a “buy” rating on the stock in a report on Tuesday, February 25th. Finally, Keefe, Bruyette & Woods lowered their price objective on Claros Mortgage Trust from $4.00 to $2.50 and set an “underperform” rating for the company in a research note on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Claros Mortgage Trust has a consensus rating of “Hold” and an average target price of $4.31.

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.