Steven Leonard Richman Acquires 5,000 Shares of Claros Mortgage Trust, Inc. (NYSE:CMTG) Stock

Claros Mortgage Trust, Inc. (NYSE:CMTG) Director Steven Leonard Richman bought 5,000 shares of Claros Mortgage Trust stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average cost of $3.40 per share, with a total value of $17,000.00. Following the acquisition, the director now owns 18,500 shares of the company’s stock, valued at $62,900. The trade was a 37.04 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Claros Mortgage Trust Price Performance

Shares of Claros Mortgage Trust stock opened at $4.00 on Friday. The firm has a market cap of $556.76 million, a PE ratio of -2.51 and a beta of 1.62. Claros Mortgage Trust, Inc. has a twelve month low of $2.13 and a twelve month high of $10.05. The company has a quick ratio of 20.68, a current ratio of 25.67 and a debt-to-equity ratio of 2.08. The business has a 50-day moving average price of $3.28 and a 200 day moving average price of $5.45.

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 positive return on equity of 4.72% and a negative net margin of 89.07%. The business had revenue of $60.23 million during the quarter, compared to analysts’ expectations of $58.07 million. Sell-side analysts predict that Claros Mortgage Trust, Inc. will post 0.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Claros Mortgage Trust

A number of large investors have recently added to or reduced their stakes in the stock. Koch Inc. acquired a new stake in shares of Claros Mortgage Trust in the fourth quarter valued at about $68,374,000. Hotchkis & Wiley Capital Management LLC purchased a new position in Claros Mortgage Trust in the 3rd quarter valued at about $2,552,000. JPMorgan Chase & Co. boosted its holdings in Claros Mortgage Trust by 236.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 479,430 shares of the company’s stock worth $3,591,000 after buying an additional 336,931 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Claros Mortgage Trust by 19.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,679,701 shares of the company’s stock worth $7,592,000 after buying an additional 277,053 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Claros Mortgage Trust by 62.1% during the fourth quarter. Bank of New York Mellon Corp now owns 568,754 shares of the company’s stock valued at $2,571,000 after acquiring an additional 217,989 shares during the last quarter. 89.53% of the stock is currently owned by institutional investors and hedge funds.

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.