Blue Trust Inc. Increases Position in Claros Mortgage Trust, Inc. (NYSE:CMTG)

Blue Trust Inc. grew its stake in Claros Mortgage Trust, Inc. (NYSE:CMTG) by 2,260.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,406 shares of the company’s stock after acquiring an additional 5,177 shares during the quarter. Blue Trust Inc.’s holdings in Claros Mortgage Trust were worth $43,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CMTG. ProShare Advisors LLC grew its stake in Claros Mortgage Trust by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 16,316 shares of the company’s stock valued at $159,000 after purchasing an additional 1,284 shares during the last quarter. Van ECK Associates Corp raised its holdings 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 worth $3,166,000 after purchasing an additional 2,190 shares during the period. SG Americas Securities LLC raised its holdings in Claros Mortgage Trust by 32.2% in 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 during the period. The Manufacturers Life Insurance Company raised its holdings in Claros Mortgage Trust by 6.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 45,992 shares of the company’s stock worth $369,000 after purchasing an additional 2,885 shares during the period. Finally, Gladius Capital Management LP acquired a new position in Claros Mortgage Trust in the 2nd quarter worth about $33,000. 89.53% of the stock is currently owned by hedge funds and other institutional investors.

Claros Mortgage Trust Trading Up 0.6 %

Shares of Claros Mortgage Trust stock opened at $6.33 on Friday. The company has a debt-to-equity ratio of 2.12, a current ratio of 28.19 and a quick ratio of 28.19. Claros Mortgage Trust, Inc. has a 1 year low of $6.08 and a 1 year high of $15.25. The company has a market capitalization of $878.27 million, a P/E ratio of -8.60 and a beta of 1.49. The business has a 50 day moving average price of $7.25 and a 200 day moving average price of $8.02.

Claros Mortgage Trust (NYSE:CMTG) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.10. Claros Mortgage Trust had a negative net margin of 35.47% and a positive return on equity of 3.30%. The company had revenue of $64.49 million during the quarter, compared to analysts’ expectations of $64.25 million. Sell-side analysts anticipate that Claros Mortgage Trust, Inc. will post 0.21 EPS for the current fiscal year.

Claros Mortgage Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.10 per share. The ex-dividend date was Monday, September 30th. This represents a $0.40 dividend on an annualized basis and a yield of 6.32%. Claros Mortgage Trust’s dividend payout ratio (DPR) is -54.79%.

Analyst Ratings Changes

Several equities research analysts have commented on CMTG shares. JPMorgan Chase & Co. cut their price objective on Claros Mortgage Trust from $9.00 to $6.50 and set a “neutral” rating for the company in a research note on Thursday, October 17th. Keefe, Bruyette & Woods lowered their price objective on Claros Mortgage Trust from $8.50 to $8.00 and set an “underperform” rating for the company in a research report on Monday, August 12th. BTIG Research began coverage on Claros Mortgage Trust in a research note on Friday, July 19th. They set a “neutral” rating on the stock. Finally, Wells Fargo & Company cut Claros Mortgage Trust from an “equal weight” rating to an “underweight” rating and set a $8.00 price target on the stock. in a research note on Friday, September 20th. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $8.13.

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.