Richard Mack Purchases 25,000 Shares of Claros Mortgage Trust, Inc. (NYSE:CMTG) Stock

Claros Mortgage Trust, Inc. (NYSE:CMTG - Get Free Report) CEO Richard Mack bought 25,000 shares of the firm's stock in a transaction dated Wednesday, March 12th. The shares were acquired at an average price of $3.38 per share, for a total transaction of $84,500.00. Following the acquisition, the chief executive officer now directly owns 2,589,981 shares of the company's stock, valued at approximately $8,754,135.78. The trade was a 0.97 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

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

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

Claros Mortgage Trust Trading Up 0.1 %

Shares of Claros Mortgage Trust stock traded up $0.01 during trading on Tuesday, hitting $4.10. 2,347,394 shares of the company were exchanged, compared to its average volume of 504,554. The firm has a market capitalization of $570.69 million, a P/E ratio of -2.58 and a beta of 1.62. The firm's fifty day moving average price is $3.28 and its 200 day moving average price is $5.39. The company has a debt-to-equity ratio of 2.08, a current ratio of 25.67 and a quick ratio of 20.68. Claros Mortgage Trust, Inc. has a 1-year low of $2.13 and a 1-year high of $10.05.

Claros Mortgage Trust (NYSE:CMTG - Get Free Report) last issued its earnings results on Wednesday, February 19th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.12 by $0.03. The firm 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 earnings per share for the current fiscal year.

Remove Ads

Institutional Trading of Claros Mortgage Trust

Hedge funds have recently added to or reduced their stakes in the business. Koch Inc. bought a new stake in shares of Claros Mortgage Trust in the fourth quarter worth about $68,374,000. Squarepoint Ops LLC acquired a new position in shares of Claros Mortgage Trust in the 4th quarter valued at approximately $46,000. ProShare Advisors LLC increased its stake in Claros Mortgage Trust by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 24,311 shares of the company's stock worth $110,000 after purchasing an additional 7,999 shares in the last quarter. Quantinno Capital Management LP bought a new stake in Claros Mortgage Trust during the 4th quarter worth approximately $115,000. Finally, Millennium Management LLC raised its holdings in Claros Mortgage Trust by 38.4% during the 4th quarter. Millennium Management LLC now owns 135,388 shares of the company's stock worth $612,000 after buying an additional 37,548 shares during the period. Institutional investors and hedge funds own 89.53% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company dropped 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. Keefe, Bruyette & Woods cut 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 research report on Thursday, February 27th. Finally, UBS Group reduced 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 research note on Tuesday, February 25th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Claros Mortgage Trust has an average 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.