Claros Mortgage Trust (NYSE:CMTG) Now Covered by Analysts at BTIG Research

BTIG Research initiated coverage on shares of Claros Mortgage Trust (NYSE:CMTG) in a research report sent to investors on Friday, MarketBeat Ratings reports. The brokerage issued a neutral rating on the stock.

Other equities analysts also recently issued reports about the stock. Wells Fargo & Company reduced their target price on shares of Claros Mortgage Trust from $11.00 to $9.00 and set an equal weight rating on the stock in a research note on Wednesday, May 8th. JMP Securities restated a market perform rating on shares of Claros Mortgage Trust in a report on Tuesday, June 11th. Keefe, Bruyette & Woods lowered their price target on shares of Claros Mortgage Trust from $9.75 to $9.50 and set an underperform rating for the company in a report on Wednesday, April 10th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Claros Mortgage Trust from $8.50 to $9.00 and gave the stock a neutral rating in a report on Tuesday, July 16th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to MarketBeat, the stock has an average rating of Hold and a consensus target price of $9.38.

Claros Mortgage Trust Price Performance

Shares of CMTG stock opened at $9.11 on Friday. The company has a debt-to-equity ratio of 2.07, a current ratio of 26.27 and a quick ratio of 26.27. The firm’s 50-day moving average is $8.21 and its two-hundred day moving average is $9.43. Claros Mortgage Trust has a 12 month low of $6.80 and a 12 month high of $15.25. The company has a market capitalization of $1.26 billion, a PE ratio of -14.69 and a beta of 1.52.

Claros Mortgage Trust (NYSE:CMTG) last issued its earnings results on Monday, May 6th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.04. Claros Mortgage Trust had a negative net margin of 28.16% and a positive return on equity of 1.51%. The company had revenue of $58.83 million for the quarter, compared to the consensus estimate of $63.64 million. Analysts predict that Claros Mortgage Trust will post 0.15 earnings per share for the current year.

Claros Mortgage Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were given a $0.25 dividend. The ex-dividend date was Friday, June 28th. This represents a $1.00 annualized dividend and a yield of 10.98%. Claros Mortgage Trust’s dividend payout ratio (DPR) is -161.29%.

Insider Activity at Claros Mortgage Trust

In other Claros Mortgage Trust news, Director W Edward Walter purchased 7,000 shares of Claros Mortgage Trust stock in a transaction that occurred on Tuesday, May 28th. The stock was purchased at an average price of $7.21 per share, for a total transaction of $50,470.00. Following the transaction, the director now directly owns 13,760 shares in the company, valued at $99,209.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Richard Mack acquired 116,000 shares of the business’s stock in a transaction on Tuesday, May 28th. The stock was bought at an average price of $7.18 per share, for a total transaction of $832,880.00. Following the transaction, the chief executive officer now owns 2,551,853 shares in the company, valued at $18,322,304.54. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director W Edward Walter acquired 7,000 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were purchased at an average price of $7.21 per share, with a total value of $50,470.00. Following the transaction, the director now owns 13,760 shares in the company, valued at approximately $99,209.60. The disclosure for this purchase can be found here. Insiders acquired a total of 193,000 shares of company stock worth $1,393,140 in the last 90 days. 1.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Claros Mortgage Trust

A number of large investors have recently bought and sold shares of CMTG. Goldman Sachs Group Inc. grew its stake in shares of Claros Mortgage Trust by 11,644.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 14,609,072 shares of the company’s stock worth $199,122,000 after purchasing an additional 14,484,684 shares during the period. Vanguard Group Inc. grew its stake in shares of Claros Mortgage Trust by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 11,455,904 shares of the company’s stock worth $111,810,000 after purchasing an additional 30,377 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Claros Mortgage Trust by 1.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 871,156 shares of the company’s stock valued at $11,874,000 after acquiring an additional 13,165 shares during the last quarter. Van ECK Associates Corp grew its stake in Claros Mortgage Trust by 0.7% in the 1st quarter. Van ECK Associates Corp now owns 324,363 shares of the company’s stock valued at $3,166,000 after acquiring an additional 2,190 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in Claros Mortgage Trust by 9.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 81,059 shares of the company’s stock valued at $792,000 after acquiring an additional 7,062 shares during the last quarter. Hedge funds and other institutional investors own 89.53% of the company’s stock.

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.