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

Claros Mortgage Trust, Inc. (NYSE:CMTG) 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:CMTG) 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.

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

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.