Claros Mortgage Trust, Inc. (NYSE:CMTG) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lowered its position in shares of Claros Mortgage Trust, Inc. (NYSE:CMTG) by 10.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,774 shares of the company’s stock after selling 3,818 shares during the period. Nisa Investment Advisors LLC’s holdings in Claros Mortgage Trust were worth $153,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CMTG. The Manufacturers Life Insurance Company raised its holdings in shares of 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 valued at $369,000 after buying an additional 2,885 shares during the period. Algert Global LLC acquired a new position in Claros Mortgage Trust in the 2nd quarter valued at about $224,000. SG Americas Securities LLC purchased a new stake in Claros Mortgage Trust during the third quarter worth about $150,000. Blue Trust Inc. lifted its position in shares of Claros Mortgage Trust by 2,260.7% during the third quarter. Blue Trust Inc. now owns 5,406 shares of the company’s stock worth $43,000 after purchasing an additional 5,177 shares in the last quarter. Finally, Atria Investments Inc boosted its stake in shares of Claros Mortgage Trust by 29.2% in the third quarter. Atria Investments Inc now owns 25,743 shares of the company’s stock valued at $193,000 after purchasing an additional 5,823 shares during the period. Hedge funds and other institutional investors own 89.53% of the company’s stock.

Analyst Upgrades and Downgrades

CMTG has been the topic of several recent research reports. JPMorgan Chase & Co. cut 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 cut their price objective on Claros Mortgage Trust from $6.50 to $4.00 and set an “underperform” rating on the stock in a research report on Tuesday, January 14th. Finally, UBS Group upgraded Claros Mortgage Trust from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $8.00 to $6.00 in a research note on Friday, January 10th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $6.13.

Claros Mortgage Trust Trading Down 0.5 %

NYSE CMTG opened at $3.29 on Friday. Claros Mortgage Trust, Inc. has a 52 week low of $3.21 and a 52 week high of $12.41. The firm has a 50 day moving average of $4.85 and a two-hundred day moving average of $6.67. The company has a quick ratio of 20.68, a current ratio of 20.68 and a debt-to-equity ratio of 2.11. The stock has a market capitalization of $457.80 million, a PE ratio of -5.21 and a beta of 1.62.

Claros Mortgage Trust (NYSE:CMTG) last issued its earnings results on Thursday, November 7th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.05. Claros Mortgage Trust had a negative net margin of 32.75% and a positive return on equity of 5.60%. The firm had revenue of $64.88 million during the quarter, compared to the consensus estimate of $69.48 million. During the same quarter in the previous year, the firm posted ($0.16) earnings per share. As a group, research analysts expect that Claros Mortgage Trust, Inc. will post -0.09 EPS for the current fiscal year.

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.