Claros Mortgage Trust, Inc. (NYSE:CMTG) Director Acquires $17,000.00 in Stock

Claros Mortgage Trust, Inc. (NYSE:CMTG) Director Steven Leonard Richman purchased 5,000 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average price of $3.40 per share, for a total transaction of $17,000.00. Following the completion of the transaction, the director now directly owns 18,500 shares of the company’s stock, valued at $62,900. The trade was a 37.04 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Claros Mortgage Trust Stock Up 10.7 %

Shares of NYSE CMTG opened at $4.00 on Friday. The company has a market capitalization of $556.76 million, a P/E ratio of -2.51 and a beta of 1.62. The company has a debt-to-equity ratio of 2.08, a current ratio of 25.67 and a quick ratio of 20.68. The company has a 50 day simple moving average of $3.28 and a 200-day simple moving average of $5.45. Claros Mortgage Trust, Inc. has a 1 year low of $2.13 and a 1 year high of $10.05.

Claros Mortgage Trust (NYSE:CMTG) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate 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. On average, equities research analysts predict that Claros Mortgage Trust, Inc. will post 0.27 earnings per share for the current year.

Institutional Trading of Claros Mortgage Trust

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Arlington Trust Co LLC purchased a new position in Claros Mortgage Trust during the fourth quarter worth about $43,000. Townsquare Capital LLC acquired a new position in shares of Claros Mortgage Trust in the 4th quarter worth approximately $46,000. BNP Paribas Financial Markets acquired a new position in shares of Claros Mortgage Trust in the 4th quarter worth approximately $46,000. Squarepoint Ops LLC purchased a new position in shares of Claros Mortgage Trust during the 4th quarter worth approximately $46,000. Finally, Proficio Capital Partners LLC acquired a new stake in Claros Mortgage Trust in the 4th quarter valued at approximately $47,000. 89.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Keefe, Bruyette & Woods decreased 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. Wells Fargo & Company lowered their price objective 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. Finally, UBS Group cut their target price on Claros Mortgage Trust from $6.00 to $5.25 and set a “buy” rating for the company in a research note on Tuesday, February 25th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $4.31.

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.