Blue Trust Inc. Raises Holdings in Claros Mortgage Trust, Inc. (NYSE:CMTG)

Blue Trust Inc. lifted its holdings in shares of Claros Mortgage Trust, Inc. (NYSE:CMTG) by 501.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 32,509 shares of the company’s stock after purchasing an additional 27,103 shares during the period. Blue Trust Inc.’s holdings in Claros Mortgage Trust were worth $147,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the business. SG Americas Securities LLC raised its stake in shares of Claros Mortgage Trust by 18.4% during the 4th quarter. SG Americas Securities LLC now owns 23,769 shares of the company’s stock worth $107,000 after buying an additional 3,694 shares in the last quarter. Atria Investments Inc raised its stake in shares of Claros Mortgage Trust by 29.2% during the 3rd quarter. Atria Investments Inc now owns 25,743 shares of the company’s stock worth $193,000 after buying an additional 5,823 shares in the last quarter. State Street Corp raised its stake 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 in the last quarter. Arlington Trust Co LLC purchased a new position in shares of Claros Mortgage Trust during the 4th quarter worth approximately $43,000. Finally, GSA Capital Partners LLP purchased a new position in shares of Claros Mortgage Trust during the 3rd quarter worth approximately $101,000. 89.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Keefe, Bruyette & Woods dropped their price objective on Claros Mortgage Trust from $6.50 to $4.00 and set an “underperform” rating for the company in a research note on Tuesday, January 14th. UBS Group raised Claros Mortgage Trust from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $8.00 to $6.00 in a research note on Friday, January 10th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $6.13.

Claros Mortgage Trust Price Performance

Shares of NYSE:CMTG opened at $3.00 on Friday. The business’s fifty day moving average price is $3.84 and its two-hundred day moving average price is $6.04. The stock has a market cap of $417.38 million, a PE ratio of -4.75 and a beta of 1.57. The company has a debt-to-equity ratio of 2.11, a quick ratio of 20.68 and a current ratio of 20.68. Claros Mortgage Trust, Inc. has a one year low of $2.84 and a one year high of $10.15.

Claros Mortgage Trust (NYSE:CMTG) last announced its earnings results on Wednesday, February 19th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.03. The firm had revenue of $60.23 million for the quarter, compared to analysts’ expectations of $58.07 million. Claros Mortgage Trust had a positive return on equity of 5.60% and a negative net margin of 32.75%. On average, analysts forecast that Claros Mortgage Trust, Inc. will post -0.1 EPS for the current fiscal year.

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.