554,653 Shares in Claros Mortgage Trust, Inc. (NYSE:CMTG) Purchased by Waterfall Asset Management LLC

Waterfall Asset Management LLC purchased a new stake in shares of Claros Mortgage Trust, Inc. (NYSE:CMTG - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 554,653 shares of the company's stock, valued at approximately $4,448,000. Claros Mortgage Trust comprises about 3.1% of Waterfall Asset Management LLC's investment portfolio, making the stock its 6th largest position. Waterfall Asset Management LLC owned about 0.40% of Claros Mortgage Trust at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Gladius Capital Management LP acquired a new stake in Claros Mortgage Trust during the 2nd quarter worth $33,000. Covestor Ltd lifted its stake in Claros Mortgage Trust by 349.4% in the first quarter. Covestor Ltd now owns 10,897 shares of the company's stock valued at $106,000 after buying an additional 8,472 shares during the period. SG Americas Securities LLC boosted its holdings in Claros Mortgage Trust by 32.2% during the first quarter. SG Americas Securities LLC now owns 10,891 shares of the company's stock worth $106,000 after buying an additional 2,651 shares during the last quarter. Simplicity Wealth LLC bought a new position in Claros Mortgage Trust during the second quarter worth about $121,000. Finally, MQS Management LLC bought a new stake in shares of Claros Mortgage Trust in the 1st quarter valued at about $128,000. 89.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CMTG shares. JMP Securities reiterated a "market perform" rating on shares of Claros Mortgage Trust in a report on Tuesday, June 11th. JPMorgan Chase & Co. upped their price target on shares of Claros Mortgage Trust from $8.50 to $9.00 and gave the company a "neutral" rating in a report on Tuesday, July 16th. Keefe, Bruyette & Woods dropped their price objective on shares of Claros Mortgage Trust from $8.50 to $8.00 and set an "underperform" rating on the stock in a report on Monday, August 12th. Wells Fargo & Company lowered shares of Claros Mortgage Trust from an "equal weight" rating to an "underweight" rating and set a $8.00 target price for the company. in a research note on Friday. Finally, BTIG Research began coverage on Claros Mortgage Trust in a report on Friday, July 19th. They set a "neutral" rating for the company. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat.com, Claros Mortgage Trust presently has an average rating of "Hold" and a consensus target price of $8.75.

Claros Mortgage Trust Stock Performance

Shares of NYSE CMTG traded down $0.54 during trading hours on Friday, reaching $8.04. 1,769,636 shares of the stock were exchanged, compared to its average volume of 339,694. The stock's fifty day simple moving average is $8.40 and its 200 day simple moving average is $8.58. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of -12.97 and a beta of 1.49. Claros Mortgage Trust, Inc. has a 52 week low of $6.80 and a 52 week high of $15.25. The company has a debt-to-equity ratio of 2.12, a quick ratio of 28.19 and a current ratio of 28.19.

Claros Mortgage Trust (NYSE:CMTG - Get Free Report) last released its quarterly earnings results on Monday, August 5th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.07 by $0.10. Claros Mortgage Trust had a negative net margin of 35.47% and a positive return on equity of 3.30%. The business had revenue of $64.49 million for the quarter, compared to the consensus estimate of $64.25 million. Sell-side analysts predict that Claros Mortgage Trust, Inc. will post 0.15 EPS for the current year.

Claros Mortgage Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.40 annualized dividend and a dividend yield of 4.98%. Claros Mortgage Trust's dividend payout ratio is presently -64.52%.

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.