First Trust Advisors LP Boosts Holdings in Claros Mortgage Trust, Inc. (NYSE:CMTG)

First Trust Advisors LP increased its stake in Claros Mortgage Trust, Inc. (NYSE:CMTG) by 10.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 112,105 shares of the company’s stock after buying an additional 11,003 shares during the period. First Trust Advisors LP’s holdings in Claros Mortgage Trust were worth $507,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Koch Inc. purchased a new position in Claros Mortgage Trust during the fourth quarter worth approximately $68,374,000. Geode Capital Management LLC boosted its holdings in Claros Mortgage Trust by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 2,330,895 shares of the company’s stock valued at $10,538,000 after acquiring an additional 10,835 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in 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 acquiring an additional 277,053 shares during the period. JPMorgan Chase & Co. grew its position in Claros Mortgage Trust by 35.5% during the fourth quarter. JPMorgan Chase & Co. now owns 649,674 shares of the company’s stock valued at $2,937,000 after acquiring an additional 170,244 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Claros Mortgage Trust by 62.1% during the fourth quarter. Bank of New York Mellon Corp now owns 568,754 shares of the company’s stock worth $2,571,000 after acquiring an additional 217,989 shares during the last quarter. 89.53% of the stock is currently owned by hedge funds and other institutional investors.

Claros Mortgage Trust Stock Up 0.4 %

Shares of NYSE:CMTG opened at $2.44 on Friday. The company has a 50 day moving average of $2.99 and a two-hundred day moving average of $4.22. Claros Mortgage Trust, Inc. has a 52-week low of $2.13 and a 52-week high of $9.81. 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 capitalization of $340.05 million, a price-to-earnings ratio of -1.53 and a beta of 1.17.

Claros Mortgage Trust (NYSE:CMTG) last released its quarterly earnings results on Wednesday, May 7th. The company reported ($0.25) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.32) by $0.07. The firm had revenue of $44.50 million for the quarter, compared to the consensus estimate of $41.91 million. Claros Mortgage Trust had a negative net margin of 89.07% and a positive return on equity of 4.72%. As a group, analysts forecast that Claros Mortgage Trust, Inc. will post 0.27 earnings per share for the current fiscal year.

Insider Activity at Claros Mortgage Trust

In other news, CEO Richard Mack bought 115,000 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was bought at an average price of $3.19 per share, for a total transaction of $366,850.00. Following the transaction, the chief executive officer now owns 2,564,981 shares in the company, valued at $8,182,289.39. The trade was a 4.69 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Mike Mcgillis purchased 24,115 shares of the stock in a transaction dated Wednesday, March 12th. The stock was purchased at an average price of $3.30 per share, with a total value of $79,579.50. Following the completion of the acquisition, the chief financial officer now directly owns 475,945 shares in the company, valued at approximately $1,570,618.50. The trade was a 5.34 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 169,115 shares of company stock valued at $547,930 over the last ninety days. Corporate insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

CMTG has been the topic of several research analyst reports. Wells Fargo & Company decreased their target price on Claros Mortgage Trust from $8.00 to $3.00 and set an “underweight” rating for the company in a report on Tuesday, February 25th. UBS Group decreased 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, April 16th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Claros Mortgage Trust from $4.00 to $2.50 and set an “underperform” rating on the stock in a report on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $3.88.

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.