Price T Rowe Associates Inc. MD Boosts Stake in Claros Mortgage Trust, Inc. (NYSE:CMTG)

Price T Rowe Associates Inc. MD boosted its stake in Claros Mortgage Trust, Inc. (NYSE:CMTG) by 29.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 113,591 shares of the company’s stock after buying an additional 26,081 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Claros Mortgage Trust were worth $514,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in CMTG. Koch Inc. acquired a new stake in Claros Mortgage Trust in the fourth quarter valued at approximately $68,374,000. Geode Capital Management LLC grew its holdings in shares of Claros Mortgage Trust by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 2,330,895 shares of the company’s stock valued at $10,538,000 after purchasing an additional 10,835 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings 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 purchasing an additional 277,053 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Claros Mortgage Trust by 35.5% during the fourth quarter. JPMorgan Chase & Co. now owns 649,674 shares of the company’s stock worth $2,937,000 after buying an additional 170,244 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of 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 buying an additional 217,989 shares during the period. Hedge funds and other institutional investors own 89.53% of the company’s stock.

Claros Mortgage Trust Price Performance

CMTG opened at $2.61 on Wednesday. Claros Mortgage Trust, Inc. has a one year low of $2.13 and a one year high of $9.81. The stock has a market capitalization of $363.74 million, a P/E ratio of -1.64 and a beta of 1.17. The company has a debt-to-equity ratio of 2.08, a current ratio of 25.67 and a quick ratio of 20.68. The company’s 50 day simple moving average is $3.00 and its 200-day simple moving average is $4.13.

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

Insider Buying and Selling at Claros Mortgage Trust

In other Claros Mortgage Trust news, CFO Mike Mcgillis acquired 24,115 shares of the business’s stock in a transaction on 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 acquisition, the chief financial officer now directly owns 475,945 shares of the company’s stock, valued at approximately $1,570,618.50. This trade represents a 5.34% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Richard Mack acquired 115,000 shares of the business’s stock in a transaction on Monday, March 10th. The stock was acquired at an average cost of $3.19 per share, with a total value of $366,850.00. Following the acquisition, the chief executive officer now directly owns 2,564,981 shares in the company, valued at approximately $8,182,289.39. This trade represents a 4.69% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 169,115 shares of company stock worth $547,930. Insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CMTG. UBS Group cut their target price on Claros Mortgage Trust from $5.25 to $3.50 and set a “buy” rating for the company in a research report on Wednesday, April 16th. Wells Fargo & Company dropped their price target 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, Keefe, Bruyette & Woods decreased their price objective on shares of Claros Mortgage Trust from $2.50 to $2.25 and set an “underperform” rating for the company in a report on Monday. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Claros Mortgage Trust has an average rating of “Hold” and an average price target of $3.81.

Claros Mortgage Trust Company 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.