Wafra Inc. Sells 103,666 Shares of Claros Mortgage Trust, Inc. (NYSE:CMTG)

Wafra Inc. cut its holdings in shares of Claros Mortgage Trust, Inc. (NYSE:CMTG) by 3.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,606,624 shares of the company’s stock after selling 103,666 shares during the period. Claros Mortgage Trust comprises approximately 6.3% of Wafra Inc.’s investment portfolio, making the stock its 2nd biggest holding. Wafra Inc. owned approximately 1.87% of Claros Mortgage Trust worth $11,782,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its holdings in shares of Claros Mortgage Trust by 2,260.7% during the 3rd quarter. Blue Trust Inc. now owns 5,406 shares of the company’s stock valued at $43,000 after purchasing an additional 5,177 shares in the last quarter. Arlington Trust Co LLC purchased a new position in Claros Mortgage Trust in the fourth quarter valued at $43,000. Proficio Capital Partners LLC acquired a new position in shares of Claros Mortgage Trust in the fourth quarter worth about $47,000. Los Angeles Capital Management LLC purchased a new stake in shares of Claros Mortgage Trust during the 4th quarter worth about $78,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of Claros Mortgage Trust during the 3rd quarter valued at about $101,000. 89.53% of the stock is owned by hedge funds and other institutional investors.

Claros Mortgage Trust Price Performance

NYSE:CMTG opened at $2.48 on Thursday. Claros Mortgage Trust, Inc. has a one year low of $2.43 and a one year high of $10.15. The stock has a market cap of $345.62 million, a PE ratio of -1.56 and a beta of 1.57. The company has a debt-to-equity ratio of 2.08, a quick ratio of 20.68 and a current ratio of 25.67. The stock has a 50 day moving average price of $3.62 and a 200 day moving average price of $5.86.

Claros Mortgage Trust (NYSE:CMTG) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.12 by $0.03. The business had revenue of $60.23 million for the quarter, compared to analyst estimates of $58.07 million. Claros Mortgage Trust had a positive return on equity of 4.72% and a negative net margin of 89.07%. Equities research analysts expect that Claros Mortgage Trust, Inc. will post 0.27 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CMTG. Keefe, Bruyette & Woods cut their price target on shares of Claros Mortgage Trust from $6.50 to $4.00 and set an “underperform” rating for the company in a report on Tuesday, January 14th. Wells Fargo & Company dropped their price target on Claros Mortgage Trust from $8.00 to $3.00 and set an “underweight” rating for the company in a research report on Tuesday. Finally, UBS Group decreased their price objective on Claros Mortgage Trust from $6.00 to $5.25 and set a “buy” rating on the stock in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $4.69.

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.