Intech Investment Management LLC Invests $114,000 in Claros Mortgage Trust, Inc. (NYSE:CMTG)

Intech Investment Management LLC acquired a new position in Claros Mortgage Trust, Inc. (NYSE:CMTG) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 15,207 shares of the company’s stock, valued at approximately $114,000.

Several other large investors also recently made changes to their positions in CMTG. Price T Rowe Associates Inc. MD grew its stake in shares of Claros Mortgage Trust by 9.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 81,059 shares of the company’s stock valued at $792,000 after buying an additional 7,062 shares during the period. Simplicity Wealth LLC acquired a new stake in shares of Claros Mortgage Trust in the 2nd quarter valued at about $121,000. Gladius Capital Management LP acquired a new stake in shares of Claros Mortgage Trust in the 2nd quarter valued at about $33,000. Bank of New York Mellon Corp grew its stake in shares of Claros Mortgage Trust by 9.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 408,766 shares of the company’s stock valued at $3,278,000 after buying an additional 36,911 shares during the period. Finally, Levin Capital Strategies L.P. grew its stake in shares of Claros Mortgage Trust by 400.0% in the 2nd quarter. Levin Capital Strategies L.P. now owns 50,000 shares of the company’s stock valued at $401,000 after buying an additional 40,000 shares during the period. 89.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CMTG. UBS Group decreased their price objective on Claros Mortgage Trust from $8.50 to $8.00 and set a “neutral” rating for the company in a report on Friday, November 15th. JPMorgan Chase & Co. decreased their price objective on Claros Mortgage Trust from $9.00 to $6.50 and set a “neutral” rating for the company in a report on Thursday, October 17th. Keefe, Bruyette & Woods boosted their price objective on Claros Mortgage Trust from $6.75 to $7.25 and gave the stock an “underperform” rating in a report on Tuesday, November 12th. Finally, Wells Fargo & Company lowered Claros Mortgage Trust from an “equal weight” rating to an “underweight” rating and set a $8.00 price objective for the company. in a report on Friday, September 20th. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $7.44.

Claros Mortgage Trust Price Performance

Claros Mortgage Trust stock opened at $6.17 on Friday. The company has a market cap of $859.85 million, a price-to-earnings ratio of -9.79 and a beta of 1.52. The business’s 50 day simple moving average is $6.63 and its 200 day simple moving average is $7.66. Claros Mortgage Trust, Inc. has a 12 month low of $6.07 and a 12 month high of $15.25. The company has a current ratio of 20.68, a quick ratio of 20.68 and a debt-to-equity ratio of 2.11.

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.