Claros Mortgage Trust, Inc. (NYSE:CMTG) Stake Raised by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its position in shares of Claros Mortgage Trust, Inc. (NYSE:CMTG) by 9.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 408,766 shares of the company’s stock after purchasing an additional 36,911 shares during the period. Bank of New York Mellon Corp owned 0.29% of Claros Mortgage Trust worth $3,278,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Gladius Capital Management LP acquired a new position in Claros Mortgage Trust in the second quarter worth approximately $33,000. SG Americas Securities LLC grew its position in Claros Mortgage Trust by 32.2% during the 1st quarter. SG Americas Securities LLC now owns 10,891 shares of the company’s stock worth $106,000 after purchasing an additional 2,651 shares in the last quarter. Covestor Ltd grew its position in Claros Mortgage Trust by 349.4% during the 1st quarter. Covestor Ltd now owns 10,897 shares of the company’s stock worth $106,000 after purchasing an additional 8,472 shares in the last quarter. MQS Management LLC purchased a new position in Claros Mortgage Trust during the 1st quarter worth approximately $128,000. Finally, Lazard Asset Management LLC purchased a new position in Claros Mortgage Trust during the 1st quarter worth approximately $140,000. Institutional investors own 89.53% of the company’s stock.

Claros Mortgage Trust Trading Up 1.8 %

Shares of NYSE:CMTG opened at $7.98 on Monday. The stock has a market capitalization of $1.11 billion, a PE ratio of -12.87 and a beta of 1.49. Claros Mortgage Trust, Inc. has a 1 year low of $6.80 and a 1 year high of $15.25. The firm has a fifty day moving average price of $8.42 and a 200 day moving average price of $8.63. The company has a current ratio of 28.19, a quick ratio of 28.19 and a debt-to-equity ratio of 2.12.

Claros Mortgage Trust (NYSE:CMTG) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.10. The firm had revenue of $64.49 million during the quarter, compared to analysts’ expectations of $64.25 million. Claros Mortgage Trust had a negative net margin of 35.47% and a positive return on equity of 3.30%. Analysts expect that Claros Mortgage Trust, Inc. will post 0.15 EPS for the current fiscal year.

Claros Mortgage Trust Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 5.01%. The ex-dividend date of this dividend is Monday, September 30th. Claros Mortgage Trust’s dividend payout ratio (DPR) is -161.29%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CMTG shares. 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 $8.50 to $8.00 and set an “underperform” rating on the stock in a report on Monday, August 12th. JPMorgan Chase & Co. boosted their price target on shares of Claros Mortgage Trust from $8.50 to $9.00 and gave the company a “neutral” rating in a report on Tuesday, July 16th. Finally, BTIG Research started coverage on shares of Claros Mortgage Trust in a report on Friday, July 19th. They set a “neutral” rating on the stock. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $9.00.

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.