Vanguard Group Inc. Has $51.09 Million Stock Position in Claros Mortgage Trust, Inc. (NYSE:CMTG)

Vanguard Group Inc. cut its position in Claros Mortgage Trust, Inc. (NYSE:CMTG - Free Report) by 1.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,302,347 shares of the company's stock after selling 111,664 shares during the quarter. Vanguard Group Inc. owned approximately 8.11% of Claros Mortgage Trust worth $51,087,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Koch Inc. bought a new stake in Claros Mortgage Trust during the 4th quarter valued at approximately $68,374,000. Charles Schwab Investment Management Inc. raised its position in shares of Claros Mortgage Trust by 19.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,679,701 shares of the company's stock valued at $7,592,000 after buying an additional 277,053 shares during the last quarter. State Street Corp lifted its stake in shares of Claros Mortgage Trust by 0.3% in the third quarter. State Street Corp now owns 2,165,863 shares of the company's stock valued at $16,436,000 after buying an additional 6,882 shares during the period. Bank of New York Mellon Corp raised its holdings in Claros Mortgage Trust by 62.1% in the 4th quarter. Bank of New York Mellon Corp now owns 568,754 shares of the company's stock valued at $2,571,000 after acquiring an additional 217,989 shares in the last quarter. Finally, Barclays PLC grew its holdings in shares of Claros Mortgage Trust by 332.1% during the 3rd quarter. Barclays PLC now owns 138,291 shares of the company's stock worth $1,037,000 after purchasing an additional 106,289 shares in the last quarter. 89.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. UBS Group dropped their price objective on shares of Claros Mortgage Trust from $5.25 to $3.50 and set a "buy" rating for the company in a research note on Wednesday. Wells Fargo & Company lowered their price objective on Claros Mortgage Trust from $8.00 to $3.00 and set an "underweight" rating on the stock in a research note on Tuesday, February 25th. Finally, Keefe, Bruyette & Woods lowered 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 research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $3.88.

Insider Transactions at Claros Mortgage Trust

In other Claros Mortgage Trust news, CFO Mike Mcgillis bought 24,115 shares of the company's stock in a transaction on Wednesday, March 12th. The stock was bought at an average price of $3.30 per share, for a total transaction of $79,579.50. Following the transaction, the chief financial officer now owns 475,945 shares of the company's stock, valued at approximately $1,570,618.50. The trade was a 5.34 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Richard Mack purchased 25,000 shares of Claros Mortgage Trust stock in a transaction dated Wednesday, March 12th. The stock was bought at an average price of $3.38 per share, for a total transaction of $84,500.00. Following the completion of 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 ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 169,115 shares of company stock worth $547,930 over the last 90 days. 1.40% of the stock is owned by insiders.

Claros Mortgage Trust Price Performance

CMTG stock traded down $0.03 during midday trading on Thursday, reaching $2.25. 95,910 shares of the company's stock traded hands, compared to its average volume of 1,210,629. The company has a quick ratio of 20.68, a current ratio of 25.67 and a debt-to-equity ratio of 2.08. The company has a market cap of $312.87 million, a price-to-earnings ratio of -1.41 and a beta of 1.12. The company has a 50-day simple moving average of $3.11 and a two-hundred day simple moving average of $4.67. Claros Mortgage Trust, Inc. has a 1-year low of $2.13 and a 1-year high of $9.81.

Claros Mortgage Trust (NYSE:CMTG - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.03. The business had revenue of $60.23 million during the quarter, compared to analysts' expectations of $58.07 million. Claros Mortgage Trust had a positive return on equity of 4.72% and a negative net margin of 89.07%. On average, analysts anticipate 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.