Insider Buying: Claros Mortgage Trust, Inc. (NYSE:CMTG) Director Acquires 5,000 Shares of Stock

Claros Mortgage Trust, Inc. (NYSE:CMTG - Get Free Report) Director Steven Leonard Richman acquired 5,000 shares of the business's stock in a transaction on Wednesday, March 12th. The stock was acquired at an average price of $3.40 per share, with a total value of $17,000.00. Following the acquisition, the director now owns 18,500 shares in the company, valued at $62,900. The trade was a 37.04 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Claros Mortgage Trust Stock Up 2.6 %

Shares of CMTG stock traded up $0.11 during trading on Monday, reaching $4.10. The company's stock had a trading volume of 1,900,811 shares, compared to its average volume of 497,289. Claros Mortgage Trust, Inc. has a 1-year low of $2.13 and a 1-year high of $10.05. The stock's 50-day moving average price is $3.28 and its 200 day moving average price is $5.41. The company has a market capitalization 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 current ratio of 25.67 and a quick ratio of 20.68.

Claros Mortgage Trust (NYSE:CMTG - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.15 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $58.07 million. On average, research analysts anticipate that Claros Mortgage Trust, Inc. will post 0.27 EPS for the current year.

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Wall Street Analyst Weigh In

Several brokerages have issued reports on CMTG. Keefe, Bruyette & Woods dropped their target price on Claros Mortgage Trust from $4.00 to $2.50 and set an "underperform" rating for the company in a report on Thursday, February 27th. UBS Group reduced their target price 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. Finally, Wells Fargo & Company decreased their price target on Claros Mortgage Trust from $8.00 to $3.00 and set an "underweight" 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 issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Claros Mortgage Trust presently has a consensus rating of "Hold" and a consensus target price of $4.31.

Institutional Trading of Claros Mortgage Trust

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