Intech Investment Management LLC Boosts Stock Position in Claros Mortgage Trust, Inc. (NYSE:CMTG)

Intech Investment Management LLC increased its holdings in shares of Claros Mortgage Trust, Inc. (NYSE:CMTG) by 185.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 43,381 shares of the company’s stock after acquiring an additional 28,174 shares during the period. Intech Investment Management LLC’s holdings in Claros Mortgage Trust were worth $196,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp raised its position in Claros Mortgage Trust by 0.3% during the third 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. Bank of New York Mellon Corp raised its position in shares of Claros Mortgage Trust by 62.1% during the 4th quarter. Bank of New York Mellon Corp now owns 568,754 shares of the company’s stock worth $2,571,000 after purchasing an additional 217,989 shares during the last quarter. Barclays PLC lifted its stake in Claros Mortgage Trust by 332.1% in the 3rd quarter. Barclays PLC now owns 138,291 shares of the company’s stock valued at $1,037,000 after buying an additional 106,289 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Claros Mortgage Trust by 19.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,679,701 shares of the company’s stock worth $7,592,000 after buying an additional 277,053 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Claros Mortgage Trust by 236.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 479,430 shares of the company’s stock worth $3,591,000 after buying an additional 336,931 shares in the last quarter. Institutional investors and hedge funds own 89.53% of the company’s stock.

Claros Mortgage Trust Stock Performance

NYSE CMTG opened at $3.94 on Friday. 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 stock’s fifty day moving average is $3.30 and its two-hundred day moving average is $5.21. The firm has a market capitalization of $548.39 million, a P/E ratio of -2.47 and a beta of 1.62. Claros Mortgage Trust, Inc. has a fifty-two week low of $2.13 and a fifty-two week high of $9.81.

Claros Mortgage Trust (NYSE:CMTG) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.03. Claros Mortgage Trust had a negative net margin of 89.07% and a positive return on equity of 4.72%. The firm had revenue of $60.23 million for the quarter, compared to analysts’ expectations of $58.07 million. On average, research analysts anticipate that Claros Mortgage Trust, Inc. will post 0.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CMTG. 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 note on Thursday, February 27th. Wells Fargo & Company lowered their target price on shares of 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, UBS Group decreased 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. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Claros Mortgage Trust currently has a consensus rating of “Hold” and an average price target of $4.31.

Insider Buying and Selling at Claros Mortgage Trust

In related news, CFO Mike Mcgillis bought 24,115 shares of the firm’s stock in a transaction on Wednesday, March 12th. The shares were bought at an average price of $3.30 per share, with a total value of $79,579.50. Following the completion of the transaction, the chief financial officer now directly owns 475,945 shares of the company’s stock, valued at $1,570,618.50. This represents a 5.34 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Richard Mack purchased 25,000 shares of the company’s stock in a transaction on Wednesday, March 12th. The shares were bought at an average price of $3.38 per share, with a total value of $84,500.00. Following the completion of the transaction, the chief executive officer now owns 2,589,981 shares of the company’s stock, valued at approximately $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 have bought 169,115 shares of company stock worth $547,930 in the last ninety days. 1.40% of the stock is owned by insiders.

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.