Bank of New York Mellon Corp Buys 217,989 Shares of Claros Mortgage Trust, Inc. (NYSE:CMTG)

Bank of New York Mellon Corp increased its holdings in Claros Mortgage Trust, Inc. (NYSE:CMTG) by 62.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 568,754 shares of the company’s stock after purchasing an additional 217,989 shares during the period. Bank of New York Mellon Corp owned approximately 0.41% of Claros Mortgage Trust worth $2,571,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Arlington Trust Co LLC bought a new position in Claros Mortgage Trust in the 4th quarter worth approximately $43,000. GSA Capital Partners LLP acquired a new position in Claros Mortgage Trust during the third quarter valued at approximately $101,000. SG Americas Securities LLC raised its holdings in shares of Claros Mortgage Trust by 18.4% in the 4th quarter. SG Americas Securities LLC now owns 23,769 shares of the company’s stock valued at $107,000 after purchasing an additional 3,694 shares during the period. Intech Investment Management LLC acquired a new position in shares of Claros Mortgage Trust in the third quarter valued at $114,000. Finally, Blue Trust Inc. boosted its holdings in shares of Claros Mortgage Trust by 501.4% during the fourth quarter. Blue Trust Inc. now owns 32,509 shares of the company’s stock worth $147,000 after acquiring an additional 27,103 shares during the period. 89.53% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Mike Mcgillis purchased 24,115 shares of Claros Mortgage Trust stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average cost of $3.30 per share, for a total transaction of $79,579.50. Following the transaction, the chief financial officer now directly owns 475,945 shares in the company, valued at $1,570,618.50. The trade was a 5.34 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Richard Mack bought 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The stock was acquired at an average cost of $3.38 per share, for a total transaction of $84,500.00. Following the completion of the purchase, the chief executive officer now directly owns 2,589,981 shares of the company’s stock, valued at $8,754,135.78. The trade was a 0.97 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 169,115 shares of company stock valued at $547,930 in the last quarter. Corporate insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on CMTG shares. Keefe, Bruyette & Woods lowered their price objective on Claros Mortgage Trust from $4.00 to $2.50 and set an “underperform” rating on the stock in a research note on Thursday, February 27th. Wells Fargo & Company lowered their price target on shares of Claros Mortgage Trust from $8.00 to $3.00 and set an “underweight” rating for the company in a report on Tuesday, February 25th. Finally, UBS Group dropped their target price on shares of Claros Mortgage Trust from $6.00 to $5.25 and set a “buy” rating on the stock in a research report on Tuesday, February 25th. Two investment 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 data from MarketBeat.com, Claros Mortgage Trust has a consensus rating of “Hold” and an average price target of $4.31.

Claros Mortgage Trust Trading Up 3.4 %

Shares of Claros Mortgage Trust stock opened at $4.16 on Friday. The stock has a market capitalization of $579.05 million, a P/E ratio of -2.61 and a beta of 1.63. The company has a debt-to-equity ratio of 2.08, a quick ratio of 20.68 and a current ratio of 25.67. The stock’s 50-day simple moving average is $3.29 and its 200 day simple moving average is $5.34. Claros Mortgage Trust, Inc. has a 52-week low of $2.13 and a 52-week high of $10.05.

Claros Mortgage Trust (NYSE:CMTG) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.12 by $0.03. Claros Mortgage Trust had a negative net margin of 89.07% and a positive return on equity of 4.72%. The company had revenue of $60.23 million during the quarter, compared to analysts’ expectations of $58.07 million. As a group, research analysts anticipate that Claros Mortgage Trust, Inc. will post 0.27 EPS for the current year.

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.