Mike Mcgillis Purchases 24,115 Shares of Claros Mortgage Trust, Inc. (NYSE:CMTG) Stock

Claros Mortgage Trust, Inc. (NYSE:CMTG - Get Free Report) CFO Mike Mcgillis purchased 24,115 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average cost of $3.30 per share, for a total transaction of $79,579.50. Following the acquisition, the chief financial officer now owns 475,945 shares in the company, valued at approximately $1,570,618.50. The trade was a 5.34 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Claros Mortgage Trust Price Performance

CMTG traded up $0.11 on Monday, reaching $4.10. The company had a trading volume of 1,900,811 shares, compared to its average volume of 497,289. The company has a market capitalization of $570.69 million, a P/E ratio of -2.58 and a beta of 1.62. The company has a current ratio of 25.67, a quick ratio of 20.68 and a debt-to-equity ratio of 2.08. The company has a fifty day moving average of $3.28 and a 200-day moving average of $5.41. Claros Mortgage Trust, Inc. has a one year low of $2.13 and a one year high of $10.05.

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 (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.03. Claros Mortgage Trust had a negative net margin of 89.07% and a positive return on equity of 4.72%. The business had revenue of $60.23 million during the quarter, compared to analysts' expectations of $58.07 million. As a group, equities research analysts anticipate that Claros Mortgage Trust, Inc. will post 0.27 earnings per share for the current year.

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Wall Street Analyst Weigh In

Several research firms have recently commented on CMTG. 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 research report on Tuesday, February 25th. Keefe, Bruyette & Woods decreased their target price on shares of Claros Mortgage Trust from $4.00 to $2.50 and set an "underperform" rating for the company in a research report on Thursday, February 27th. Finally, UBS Group cut their price target on Claros Mortgage Trust from $6.00 to $5.25 and set a "buy" rating on the stock in a report on Tuesday, February 25th. Two 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's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $4.31.

Hedge Funds Weigh In On Claros Mortgage Trust

Several hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC boosted its stake in shares of Claros Mortgage Trust by 18.4% during the 4th quarter. SG Americas Securities LLC now owns 23,769 shares of the company's stock worth $107,000 after acquiring an additional 3,694 shares in the last quarter. Sei Investments Co. boosted its position in shares of Claros Mortgage Trust by 19.0% in the 4th quarter. Sei Investments Co. now owns 23,828 shares of the company's stock valued at $108,000 after purchasing an additional 3,800 shares during the period. Atria Investments Inc increased its stake in Claros Mortgage Trust by 29.2% in the 3rd quarter. Atria Investments Inc now owns 25,743 shares of the company's stock worth $193,000 after purchasing an additional 5,823 shares in the last quarter. State Street Corp raised its holdings in Claros Mortgage Trust by 0.3% during the 3rd quarter. State Street Corp now owns 2,165,863 shares of the company's stock worth $16,436,000 after buying an additional 6,882 shares during the period. Finally, ProShare Advisors LLC lifted its stake in Claros Mortgage Trust by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 24,311 shares of the company's stock valued at $110,000 after buying an additional 7,999 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.