UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 39,033 Shares of Claros Mortgage Trust, Inc. (NYSE:CMTG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in shares of Claros Mortgage Trust, Inc. (NYSE:CMTG) by 14.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 226,763 shares of the company’s stock after selling 39,033 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.16% of Claros Mortgage Trust worth $1,698,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its stake in shares of Claros Mortgage Trust by 15.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,402,648 shares of the company’s stock valued at $10,506,000 after buying an additional 188,950 shares in the last quarter. Waterfall Asset Management LLC purchased a new position in shares of Claros Mortgage Trust in the second quarter valued at about $4,448,000. Bank of New York Mellon Corp boosted its stake in shares of Claros Mortgage Trust by 9.9% in the second quarter. Bank of New York Mellon Corp now owns 408,766 shares of the company’s stock worth $3,278,000 after acquiring an additional 36,911 shares during the period. Penserra Capital Management LLC boosted its stake in shares of Claros Mortgage Trust by 22.9% in the third quarter. Penserra Capital Management LLC now owns 134,542 shares of the company’s stock worth $1,007,000 after acquiring an additional 25,110 shares during the period. Finally, Levin Capital Strategies L.P. grew its position in shares of Claros Mortgage Trust by 400.0% during the second quarter. Levin Capital Strategies L.P. now owns 50,000 shares of the company’s stock worth $401,000 after purchasing an additional 40,000 shares in the last quarter. 89.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Claros Mortgage Trust Price Performance

CMTG stock opened at $6.28 on Tuesday. Claros Mortgage Trust, Inc. has a 52 week low of $6.07 and a 52 week high of $14.69. The firm has a market capitalization of $875.18 million, a P/E ratio of -9.97 and a beta of 1.52. The company has a fifty day simple moving average of $6.57 and a two-hundred day simple moving average of $7.63. The company has a quick ratio of 20.68, a current ratio of 20.68 and a debt-to-equity ratio of 2.11.

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.