Charles Schwab Investment Management Inc. Increases Stock Position in Claros Mortgage Trust, Inc. (NYSE:CMTG)

Charles Schwab Investment Management Inc. lifted its position in shares of Claros Mortgage Trust, Inc. (NYSE:CMTG - Free Report) by 19.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,679,701 shares of the company's stock after buying an additional 277,053 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.21% of Claros Mortgage Trust worth $7,592,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Arlington Trust Co LLC purchased a new position in shares of Claros Mortgage Trust in the fourth quarter valued at about $43,000. Proficio Capital Partners LLC bought a new stake in Claros Mortgage Trust during the 4th quarter valued at approximately $47,000. Los Angeles Capital Management LLC purchased a new position in Claros Mortgage Trust in the 4th quarter worth approximately $78,000. GSA Capital Partners LLP bought a new position in Claros Mortgage Trust in the 3rd quarter worth approximately $101,000. Finally, SG Americas Securities LLC grew its holdings in Claros Mortgage Trust by 18.4% during the 4th quarter. SG Americas Securities LLC now owns 23,769 shares of the company's stock valued at $107,000 after buying an additional 3,694 shares in the last quarter. Institutional investors own 89.53% of the company's stock.

Wall Street Analysts Forecast Growth

CMTG has been the topic of several research analyst reports. UBS Group lowered their target price on shares of Claros Mortgage Trust from $6.00 to $5.25 and set a "buy" rating on the stock in a report on Tuesday, February 25th. Keefe, Bruyette & Woods reduced their target price on shares of Claros Mortgage Trust from $4.00 to $2.50 and set an "underperform" rating on the stock in a report on Thursday, February 27th. Finally, Wells Fargo & Company lowered their price target on shares of Claros Mortgage Trust from $8.00 to $3.00 and set an "underweight" rating for the company in a report on Tuesday, February 25th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $4.31.

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Claros Mortgage Trust Trading Up 0.9 %

Shares of Claros Mortgage Trust stock traded up $0.04 during trading on Thursday, hitting $3.94. The stock had a trading volume of 579,383 shares, compared to its average volume of 1,230,898. Claros Mortgage Trust, Inc. has a 12 month low of $2.13 and a 12 month high of $9.81. The company has a debt-to-equity ratio of 2.08, a current ratio of 25.67 and a quick ratio of 20.68. The firm's fifty day simple moving average is $3.30 and its 200-day simple moving average is $5.22. The stock has a market cap of $548.39 million, a PE ratio of -2.47 and a beta of 1.62.

Claros Mortgage Trust (NYSE:CMTG - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.03. The business had revenue of $60.23 million during the quarter, compared to the consensus estimate of $58.07 million. Claros Mortgage Trust had a negative net margin of 89.07% and a positive return on equity of 4.72%. As a group, sell-side analysts expect that Claros Mortgage Trust, Inc. will post 0.27 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Mike Mcgillis bought 24,115 shares of the company's stock in a transaction on Wednesday, March 12th. The shares were acquired at an average cost of $3.30 per share, for a total transaction of $79,579.50. Following the purchase, the chief financial officer now directly owns 475,945 shares of the company's stock, valued at approximately $1,570,618.50. The trade was a 5.34 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Richard Mack purchased 25,000 shares of the firm's stock in a transaction dated Wednesday, March 12th. The shares were bought at an average cost of $3.38 per share, with a total value of $84,500.00. Following the purchase, the chief executive officer now directly owns 2,589,981 shares of the company's stock, valued at approximately $8,754,135.78. This represents a 0.97 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders acquired 169,115 shares of company stock valued at $547,930. Insiders own 1.40% 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.