Charles Schwab Investment Management Inc. Buys 188,950 Shares of Claros Mortgage Trust, Inc. (NYSE:CMTG)

Charles Schwab Investment Management Inc. raised its stake in shares of Claros Mortgage Trust, Inc. (NYSE:CMTG - Free Report) by 15.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 1,402,648 shares of the company's stock after purchasing an additional 188,950 shares during the period. Charles Schwab Investment Management Inc. owned 1.01% of Claros Mortgage Trust worth $10,506,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Waterfall Asset Management LLC bought a new position in Claros Mortgage Trust in the 2nd quarter worth $4,448,000. Quest Partners LLC grew its position in shares of Claros Mortgage Trust by 5,222.4% during the third quarter. Quest Partners LLC now owns 41,515 shares of the company's stock worth $311,000 after purchasing an additional 40,735 shares in the last quarter. Levin Capital Strategies L.P. raised its stake in Claros Mortgage Trust by 400.0% during the 2nd quarter. Levin Capital Strategies L.P. now owns 50,000 shares of the company's stock valued at $401,000 after purchasing an additional 40,000 shares during the period. Bank of New York Mellon Corp lifted its holdings in Claros Mortgage Trust by 9.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 408,766 shares of the company's stock worth $3,278,000 after purchasing an additional 36,911 shares in the last quarter. Finally, Algert Global LLC bought a new stake in shares of Claros Mortgage Trust during the second quarter valued at approximately $224,000. Hedge funds and other institutional investors own 89.53% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on CMTG shares. Keefe, Bruyette & Woods upped their target price on shares of Claros Mortgage Trust from $6.75 to $7.25 and gave the stock an "underperform" rating in a research report on Tuesday, November 12th. UBS Group dropped their price objective on shares of Claros Mortgage Trust from $8.50 to $8.00 and set a "neutral" rating for the company in a report on Friday, November 15th. Wells Fargo & Company cut Claros Mortgage Trust from an "equal weight" rating to an "underweight" rating and set a $8.00 target price on the stock. in a report on Friday, September 20th. Finally, JPMorgan Chase & Co. dropped their price target on Claros Mortgage Trust from $9.00 to $6.50 and set a "neutral" rating for the company in a research note on Thursday, October 17th. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat, Claros Mortgage Trust currently has a consensus rating of "Hold" and an average target price of $7.44.

Claros Mortgage Trust Price Performance

Shares of NYSE:CMTG traded up $0.02 on Tuesday, reaching $6.54. The company's stock had a trading volume of 110,263 shares, compared to its average volume of 339,528. The company has a market cap of $911.41 million, a P/E ratio of -10.35 and a beta of 1.52. Claros Mortgage Trust, Inc. has a 52-week low of $6.07 and a 52-week high of $15.25. The company has a debt-to-equity ratio of 2.11, a quick ratio of 20.68 and a current ratio of 20.68. The company has a 50-day simple moving average of $6.61 and a 200 day simple moving average of $7.66.

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.