Hotchkis & Wiley Capital Management LLC Makes New $2.55 Million Investment in Claros Mortgage Trust, Inc. (NYSE:CMTG)

Hotchkis & Wiley Capital Management LLC bought a new stake in Claros Mortgage Trust, Inc. (NYSE:CMTG - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 340,670 shares of the company's stock, valued at approximately $2,552,000. Hotchkis & Wiley Capital Management LLC owned approximately 0.24% of Claros Mortgage Trust at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. PDT Partners LLC bought a new position in Claros Mortgage Trust in the 3rd quarter valued at about $208,000. Penserra Capital Management LLC raised its holdings in shares of Claros Mortgage Trust by 22.9% in the third quarter. Penserra Capital Management LLC now owns 134,542 shares of the company's stock valued at $1,007,000 after purchasing an additional 25,110 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Claros Mortgage Trust by 15.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,402,648 shares of the company's stock valued at $10,506,000 after purchasing an additional 188,950 shares in the last quarter. Intech Investment Management LLC bought a new stake in Claros Mortgage Trust in the 3rd quarter worth about $114,000. Finally, Quest Partners LLC increased its stake in Claros Mortgage Trust by 5,222.4% in the 3rd quarter. Quest Partners LLC now owns 41,515 shares of the company's stock valued at $311,000 after buying an additional 40,735 shares during the last quarter. 89.53% of the stock is owned by institutional investors and hedge funds.

Claros Mortgage Trust Stock Performance

Shares of CMTG stock traded down $0.12 on Friday, hitting $6.17. 251,534 shares of the stock were exchanged, compared to its average volume of 324,874. The company has a current ratio of 20.68, a quick ratio of 20.68 and a debt-to-equity ratio of 2.11. The firm has a market capitalization of $859.85 million, a PE ratio of -9.79 and a beta of 1.52. Claros Mortgage Trust, Inc. has a one year low of $6.07 and a one year high of $15.25. The firm's 50 day moving average is $6.63 and its two-hundred day moving average is $7.66.

Analyst Ratings Changes

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

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.