Claros Mortgage Trust, Inc. (NYSE:CMTG) CEO Richard Mack Acquires 115,000 Shares

Claros Mortgage Trust, Inc. (NYSE:CMTGGet Free Report) CEO Richard Mack bought 115,000 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was acquired at an average cost of $3.19 per share, for a total transaction of $366,850.00. Following the purchase, the chief executive officer now owns 2,564,981 shares of the company’s stock, valued at $8,182,289.39. This trade represents a 4.69 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Richard Mack also recently made the following trade(s):

  • On Wednesday, March 12th, Richard Mack acquired 25,000 shares of Claros Mortgage Trust stock. The stock was bought at an average price of $3.38 per share, for a total transaction of $84,500.00.

Claros Mortgage Trust Trading Up 10.7 %

CMTG stock opened at $4.00 on Friday. The business has a fifty day moving average price of $3.28 and a 200 day moving average price of $5.45. The company has a debt-to-equity ratio of 2.08, a current ratio of 25.67 and a quick ratio of 20.68. Claros Mortgage Trust, Inc. has a fifty-two week low of $2.13 and a fifty-two week high of $10.05. The stock has a market capitalization of $556.76 million, a price-to-earnings ratio of -2.51 and a beta of 1.62.

Claros Mortgage Trust (NYSE:CMTGGet Free Report) last announced its earnings results on Wednesday, February 19th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.03. Claros Mortgage Trust had a positive return on equity of 4.72% and a negative net margin of 89.07%. The company had revenue of $60.23 million during the quarter, compared to analyst estimates of $58.07 million. Analysts expect that Claros Mortgage Trust, Inc. will post 0.27 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on the company. Wells Fargo & Company decreased their price target on 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. 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 research note on Thursday, February 27th. Finally, UBS Group dropped their target price on shares of Claros Mortgage Trust from $6.00 to $5.25 and set a “buy” rating for the company in a research report on Tuesday, February 25th. Two equities 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $4.31.

View Our Latest Research Report on Claros Mortgage Trust

Institutional Investors Weigh In On Claros Mortgage Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Koch Inc. bought a new stake in shares of Claros Mortgage Trust during the fourth quarter valued at approximately $68,374,000. Geode Capital Management LLC lifted its holdings in Claros Mortgage Trust by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 2,330,895 shares of the company’s stock worth $10,538,000 after buying an additional 10,835 shares in the last quarter. State Street Corp lifted its holdings in 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. Charles Schwab Investment Management Inc. boosted its position 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 valued at $7,592,000 after buying an additional 277,053 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Claros Mortgage Trust by 35.5% in the 4th quarter. JPMorgan Chase & Co. now owns 649,674 shares of the company’s stock valued at $2,937,000 after buying an additional 170,244 shares during the period. Institutional investors and hedge funds own 89.53% of the company’s stock.

About Claros Mortgage Trust

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Claros Mortgage Trust (NYSE:CMTG)

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