Bank of New York Mellon Corp Has $2.57 Million Stock Holdings in Claros Mortgage Trust, Inc. (NYSE:CMTG)

Bank of New York Mellon Corp boosted its holdings in shares of Claros Mortgage Trust, Inc. (NYSE:CMTG - Free Report) by 62.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 568,754 shares of the company's stock after purchasing an additional 217,989 shares during the period. Bank of New York Mellon Corp owned about 0.41% of Claros Mortgage Trust worth $2,571,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Arlington Trust Co LLC bought a new position in shares of Claros Mortgage Trust during the 4th quarter worth approximately $43,000. GSA Capital Partners LLP acquired a new position in Claros Mortgage Trust in the third quarter valued at about $101,000. Intech Investment Management LLC bought a new stake in shares of Claros Mortgage Trust during the third quarter worth $114,000. SG Americas Securities LLC lifted its position in shares of Claros Mortgage Trust by 18.4% during the fourth quarter. SG Americas Securities LLC now owns 23,769 shares of the company's stock worth $107,000 after purchasing an additional 3,694 shares in the last quarter. Finally, Atria Investments Inc boosted its position in 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 buying an additional 5,823 shares during the last quarter. 89.53% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Mike Mcgillis bought 24,115 shares of the company's stock in a transaction dated Wednesday, March 12th. The stock was bought at an average price of $3.30 per share, with a total value of $79,579.50. Following the completion of the acquisition, the chief financial officer now owns 475,945 shares of the company's stock, valued at $1,570,618.50. This represents a 5.34 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Richard Mack purchased 115,000 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The stock was acquired at an average price of $3.19 per share, for a total transaction of $366,850.00. Following the completion of the purchase, the chief executive officer now directly owns 2,564,981 shares of the company's stock, valued at $8,182,289.39. This represents a 4.69 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 169,115 shares of company stock worth $547,930 over the last three months. Insiders own 1.40% of the company's stock.

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Analyst Ratings Changes

Several research analysts have recently issued reports on the company. UBS Group reduced 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. Wells Fargo & Company decreased their target price on 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. Finally, Keefe, Bruyette & Woods cut their price target on shares of 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. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Claros Mortgage Trust currently has an average rating of "Hold" and an average target price of $4.31.

Claros Mortgage Trust Stock Performance

Claros Mortgage Trust stock traded down $0.04 during midday trading on Monday, reaching $4.10. 1,537,196 shares of the company's stock were exchanged, compared to its average volume of 541,067. The stock's 50-day simple moving average is $3.30 and its 200 day simple moving average is $5.28. The firm has a market cap of $570.69 million, a price-to-earnings ratio of -2.58 and a beta of 1.62. 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, Inc. has a 52 week low of $2.13 and a 52 week high of $9.83.

Claros Mortgage Trust (NYSE:CMTG - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $60.23 million for the quarter, compared to analyst estimates of $58.07 million. On average, analysts expect that Claros Mortgage Trust, Inc. will post 0.27 earnings per share for the current fiscal year.

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.