Wafra Inc. Sells 103,666 Shares of Claros Mortgage Trust, Inc. (NYSE:CMTG)

Wafra Inc. lessened its holdings in shares of Claros Mortgage Trust, Inc. (NYSE:CMTG - Free Report) by 3.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,606,624 shares of the company's stock after selling 103,666 shares during the period. Claros Mortgage Trust accounts for approximately 6.3% of Wafra Inc.'s holdings, making the stock its 2nd biggest position. Wafra Inc. owned 1.87% of Claros Mortgage Trust worth $11,782,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. increased its position in Claros Mortgage Trust by 2,260.7% in the third quarter. Blue Trust Inc. now owns 5,406 shares of the company's stock worth $43,000 after buying an additional 5,177 shares during the period. Atria Investments Inc grew its position in shares of Claros Mortgage Trust by 29.2% during the third quarter. Atria Investments Inc now owns 25,743 shares of the company's stock worth $193,000 after acquiring an additional 5,823 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Claros Mortgage Trust in the 3rd quarter worth about $101,000. Quest Partners LLC lifted its position in Claros Mortgage Trust by 5,222.4% in the 3rd quarter. Quest Partners LLC now owns 41,515 shares of the company's stock valued at $311,000 after purchasing an additional 40,735 shares during the last quarter. Finally, Intech Investment Management LLC bought a new stake in Claros Mortgage Trust in the 3rd quarter valued at about $114,000. Institutional investors and hedge funds own 89.53% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities research analysts have commented on CMTG shares. UBS Group dropped their price target on shares of Claros Mortgage Trust from $6.00 to $5.25 and set a "buy" rating on the stock in a research note on Tuesday, February 25th. Wells Fargo & Company lowered their target price on Claros Mortgage Trust from $8.00 to $3.00 and set an "underweight" rating on the stock in a research report on Tuesday, February 25th. Finally, Keefe, Bruyette & Woods reduced their price target on Claros Mortgage Trust from $4.00 to $2.50 and set an "underperform" rating for the company in a research report on Thursday. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, Claros Mortgage Trust currently has an average rating of "Hold" and an average price target of $4.31.

Claros Mortgage Trust Price Performance

Shares of NYSE:CMTG traded up $0.03 during trading on Friday, reaching $2.32. The company had a trading volume of 2,722,261 shares, compared to its average volume of 782,576. Claros Mortgage Trust, Inc. has a twelve month low of $2.22 and a twelve month high of $10.15. The company has a debt-to-equity ratio of 2.08, a quick ratio of 20.68 and a current ratio of 25.67. The firm has a market capitalization of $322.63 million, a PE ratio of -1.46 and a beta of 1.57. The firm's fifty day moving average is $3.54 and its 200 day moving average is $5.78.

Claros Mortgage Trust (NYSE:CMTG - Get Free Report) last released its earnings results on Wednesday, February 19th. The company reported $0.15 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.03. Claros Mortgage Trust had a positive return on equity of 4.72% and a negative net margin of 89.07%. The firm had revenue of $60.23 million during the quarter, compared to the consensus estimate of $58.07 million. On average, equities analysts forecast that Claros Mortgage Trust, Inc. will post 0.27 EPS 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.