AXS Investments LLC Cuts Stake in Claros Mortgage Trust, Inc. (NYSE:CMTG)

AXS Investments LLC lessened its position in Claros Mortgage Trust, Inc. (NYSE:CMTG) by 5.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 215,723 shares of the company’s stock after selling 12,781 shares during the period. Claros Mortgage Trust comprises 0.7% of AXS Investments LLC’s portfolio, making the stock its 19th largest holding. AXS Investments LLC’s holdings in Claros Mortgage Trust were worth $2,940,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. purchased a new stake in Claros Mortgage Trust during the third quarter valued at $149,000. Victory Capital Management Inc. lifted its stake in shares of Claros Mortgage Trust by 22.7% in the 4th quarter. Victory Capital Management Inc. now owns 17,353 shares of the company’s stock valued at $237,000 after purchasing an additional 3,209 shares during the last quarter. Handelsbanken Fonder AB boosted its holdings in shares of Claros Mortgage Trust by 90.0% in the 4th quarter. Handelsbanken Fonder AB now owns 24,700 shares of the company’s stock worth $337,000 after purchasing an additional 11,700 shares during the period. Deutsche Bank AG boosted its position in Claros Mortgage Trust by 15.1% in the 3rd quarter. Deutsche Bank AG now owns 44,383 shares of the company’s stock valued at $492,000 after buying an additional 5,810 shares during the period. Finally, Penserra Capital Management LLC grew its stake in Claros Mortgage Trust by 14.4% in the 3rd quarter. Penserra Capital Management LLC now owns 44,986 shares of the company’s stock worth $498,000 after acquiring an additional 5,671 shares in the last quarter. Institutional investors own 89.53% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Keefe, Bruyette & Woods lowered their price target on Claros Mortgage Trust from $9.75 to $9.50 and set an “underperform” rating for the company in a report on Wednesday, April 10th. Wells Fargo & Company dropped their price target on Claros Mortgage Trust from $11.00 to $9.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 8th. UBS Group decreased their price objective on Claros Mortgage Trust from $11.50 to $10.00 and set a “neutral” rating for the company in a report on Wednesday, March 20th. Finally, JPMorgan Chase & Co. cut their target price on shares of Claros Mortgage Trust from $11.00 to $9.50 and set a “neutral” rating on the stock in a research report on Wednesday, April 10th.

Claros Mortgage Trust Price Performance

Shares of CMTG stock traded down $0.61 during trading hours on Thursday, hitting $7.25. 573,576 shares of the company’s stock were exchanged, compared to its average volume of 306,449. The firm has a market cap of $1.01 billion, a P/E ratio of -11.89 and a beta of 1.59. Claros Mortgage Trust, Inc. has a fifty-two week low of $7.14 and a fifty-two week high of $15.25. The firm has a 50 day moving average of $9.02 and a two-hundred day moving average of $10.80. The company has a quick ratio of 26.27, a current ratio of 26.27 and a debt-to-equity ratio of 2.07.

Claros Mortgage Trust (NYSE:CMTG) last issued its earnings results on Tuesday, February 20th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.19. Claros Mortgage Trust had a positive return on equity of 1.51% and a negative net margin of 28.16%. The company had revenue of $75.98 million during the quarter, compared to analysts’ expectations of $72.79 million. Sell-side analysts forecast that Claros Mortgage Trust, Inc. will post 0.27 EPS for the current year.

Claros Mortgage Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were given a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.00 dividend on an annualized basis and a yield of 13.79%. Claros Mortgage Trust’s payout ratio is currently -161.29%.

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.