Claros Mortgage Trust, Inc. (NYSE:CMTG) Shares Sold by Jane Street Group LLC

Jane Street Group LLC reduced its stake in shares of Claros Mortgage Trust, Inc. (NYSE:CMTG) by 9.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 88,066 shares of the company’s stock after selling 9,330 shares during the quarter. Jane Street Group LLC owned 0.06% of Claros Mortgage Trust worth $660,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. raised its position in shares of Claros Mortgage Trust by 2,260.7% in the third quarter. Blue Trust Inc. now owns 5,406 shares of the company’s stock worth $43,000 after acquiring an additional 5,177 shares during the period. GSA Capital Partners LLP purchased a new stake in shares of Claros Mortgage Trust in the third quarter valued at approximately $101,000. Intech Investment Management LLC acquired a new position in Claros Mortgage Trust during the third quarter worth $114,000. SG Americas Securities LLC acquired a new position in shares of Claros Mortgage Trust during the 3rd quarter worth about $150,000. Finally, Atria Investments Inc raised its holdings in shares of Claros Mortgage Trust by 29.2% during the third quarter. Atria Investments Inc now owns 25,743 shares of the company’s stock valued at $193,000 after acquiring an additional 5,823 shares during the last quarter. 89.53% of the stock is owned by hedge funds and other institutional investors.

Claros Mortgage Trust Trading Up 3.2 %

Shares of Claros Mortgage Trust stock opened at $4.48 on Friday. The firm has a market capitalization of $624.35 million, a price-to-earnings ratio of -7.11 and a beta of 1.52. The company has a debt-to-equity ratio of 2.11, a quick ratio of 20.68 and a current ratio of 20.68. Claros Mortgage Trust, Inc. has a fifty-two week low of $3.94 and a fifty-two week high of $13.63. The stock has a 50 day moving average of $6.00 and a 200 day moving average of $7.26.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on CMTG shares. JPMorgan Chase & Co. lowered their target price 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. Keefe, Bruyette & Woods upped their price target on Claros Mortgage Trust from $6.75 to $7.25 and gave the company an “underperform” rating in a research report on Tuesday, November 12th. UBS Group reduced their price objective on Claros Mortgage Trust from $8.50 to $8.00 and set a “neutral” rating on the stock in a research report on Friday, November 15th. Finally, Wells Fargo & Company cut Claros Mortgage Trust from an “equal weight” rating to an “underweight” rating and set a $8.00 target price for the company. in a report on Friday, September 20th. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to data from MarketBeat, Claros Mortgage Trust has an average rating of “Hold” and an average target price of $7.44.

Claros Mortgage Trust 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.