JPMorgan Chase & Co. Buys 336,931 Shares of Claros Mortgage Trust, Inc. (NYSE:CMTG)

JPMorgan Chase & Co. increased its position in Claros Mortgage Trust, Inc. (NYSE:CMTG - Free Report) by 236.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 479,430 shares of the company's stock after purchasing an additional 336,931 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.34% of Claros Mortgage Trust worth $3,591,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. State Street Corp grew 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 acquiring an additional 6,882 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Claros Mortgage Trust by 15.6% in 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 buying an additional 188,950 shares during the period. Waterfall Asset Management LLC bought a new position in Claros Mortgage Trust during the second quarter worth about $4,448,000. Hotchkis & Wiley Capital Management LLC acquired a new position in shares of Claros Mortgage Trust during the 3rd quarter worth about $2,552,000. Finally, Zacks Investment Management increased its stake in shares of Claros Mortgage Trust by 26.1% in the 3rd quarter. Zacks Investment Management now owns 331,865 shares of the company's stock valued at $2,486,000 after acquiring an additional 68,749 shares during the last quarter. Institutional investors and hedge funds own 89.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CMTG. JPMorgan Chase & Co. decreased their price target on shares of 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 upgraded Claros Mortgage Trust from a "neutral" rating to a "buy" rating and cut their price target for the company from $8.00 to $6.00 in a report on Friday, January 10th. Finally, Keefe, Bruyette & Woods cut their target price on Claros Mortgage Trust from $6.50 to $4.00 and set an "underperform" rating on the stock in a research note on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $6.13.

Claros Mortgage Trust Stock Performance

NYSE CMTG traded down $0.07 during trading hours on Friday, hitting $3.86. 331,613 shares of the company traded hands, compared to its average volume of 511,046. 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 business's 50-day moving average is $5.45 and its 200-day moving average is $6.96. Claros Mortgage Trust, Inc. has a twelve month low of $3.66 and a twelve month high of $12.86.

Claros Mortgage Trust Profile

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.