JPMorgan Chase & Co. Has $2.94 Million Stock Position in Claros Mortgage Trust, Inc. (NYSE:CMTG)

JPMorgan Chase & Co. raised its position in Claros Mortgage Trust, Inc. (NYSE:CMTG - Free Report) by 35.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 649,674 shares of the company's stock after acquiring an additional 170,244 shares during the period. JPMorgan Chase & Co. owned about 0.47% of Claros Mortgage Trust worth $2,937,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC raised its position in Claros Mortgage Trust by 18.4% in the fourth quarter. SG Americas Securities LLC now owns 23,769 shares of the company's stock worth $107,000 after purchasing an additional 3,694 shares in the last quarter. Sei Investments Co. raised its holdings 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 worth $108,000 after buying an additional 3,800 shares in the last quarter. State Street Corp lifted its position in shares of 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. Arlington Trust Co LLC bought a new stake in Claros Mortgage Trust in the fourth quarter valued at $43,000. Finally, Proficio Capital Partners LLC acquired a new position in Claros Mortgage Trust during the fourth quarter worth $47,000. Institutional investors and hedge funds own 89.53% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on CMTG shares. UBS Group lowered their target price on shares of Claros Mortgage Trust from $5.25 to $3.50 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Wells Fargo & Company dropped their price objective on shares of Claros Mortgage Trust from $8.00 to $3.00 and set an "underweight" rating for the company in a report on Tuesday, February 25th. Finally, Keefe, Bruyette & Woods decreased their price target on 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. 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $3.88.

Insider Buying and Selling

In other news, CEO Richard Mack purchased 25,000 shares of Claros Mortgage Trust stock in a transaction on Wednesday, March 12th. The stock was purchased at an average price of $3.38 per share, with a total value of $84,500.00. Following the transaction, the chief executive officer now directly owns 2,589,981 shares in the company, valued at $8,754,135.78. The trade was a 0.97 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Mike Mcgillis purchased 24,115 shares of the firm's stock in a transaction dated Wednesday, March 12th. The shares were acquired at an average cost of $3.30 per share, with a total value of $79,579.50. Following the completion of the purchase, the chief financial officer now directly owns 475,945 shares in the company, valued at approximately $1,570,618.50. This represents a 5.34 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 169,115 shares of company stock worth $547,930 over the last ninety days. Company insiders own 1.40% of the company's stock.

Claros Mortgage Trust Trading Up 1.2 %

Shares of Claros Mortgage Trust stock traded up $0.03 during trading hours on Friday, hitting $2.44. The company's stock had a trading volume of 825,320 shares, compared to its average volume of 629,569. Claros Mortgage Trust, Inc. has a 12 month low of $2.13 and a 12 month high of $9.81. The company has a debt-to-equity ratio of 2.08, a current ratio of 25.67 and a quick ratio of 20.68. The company has a market capitalization of $340.05 million, a PE ratio of -1.53 and a beta of 1.12. The stock has a 50 day moving average of $3.02 and a 200 day moving average of $4.48.

Claros Mortgage Trust (NYSE:CMTG - Get Free Report) last announced its earnings results on Wednesday, February 19th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.12 by $0.03. The firm had revenue of $60.23 million for 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%. Analysts predict that Claros Mortgage Trust, Inc. will post 0.27 earnings per share for the current year.

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.