Quantbot Technologies LP Makes New $69,000 Investment in Claros Mortgage Trust, Inc. (NYSE:CMTG)

Quantbot Technologies LP purchased a new position in Claros Mortgage Trust, Inc. (NYSE:CMTG) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 15,331 shares of the company’s stock, valued at approximately $69,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp lifted its position in Claros Mortgage Trust by 0.3% in the third quarter. State Street Corp now owns 2,165,863 shares of the company’s stock worth $16,436,000 after purchasing an additional 6,882 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Claros Mortgage Trust by 19.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,679,701 shares of the company’s stock worth $7,592,000 after buying an additional 277,053 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Claros Mortgage Trust by 62.1% in the fourth quarter. Bank of New York Mellon Corp now owns 568,754 shares of the company’s stock valued at $2,571,000 after buying an additional 217,989 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Claros Mortgage Trust by 236.4% in the third quarter. JPMorgan Chase & Co. now owns 479,430 shares of the company’s stock valued at $3,591,000 after buying an additional 336,931 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC acquired a new position in Claros Mortgage Trust during the third quarter worth about $2,552,000. 89.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on CMTG. UBS Group cut their price target on shares of Claros Mortgage Trust from $6.00 to $5.25 and set a “buy” rating for the company in a report on Tuesday, February 25th. Keefe, Bruyette & Woods dropped their target price on shares of Claros Mortgage Trust from $4.00 to $2.50 and set an “underperform” rating on the stock in a report on Thursday, February 27th. Finally, Wells Fargo & Company reduced their target price 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. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $4.31.

Claros Mortgage Trust Trading Down 1.5 %

Shares of CMTG opened at $3.67 on Wednesday. The business’s 50-day moving average price is $3.30 and its 200 day moving average price is $5.09. The company has a current ratio of 25.67, a quick ratio of 20.68 and a debt-to-equity ratio of 2.08. The stock has a market capitalization of $512.02 million, a P/E ratio of -2.31 and a beta of 1.62. Claros Mortgage Trust, Inc. has a 1-year low of $2.13 and a 1-year high of $9.81.

Claros Mortgage Trust (NYSE:CMTG) last released its earnings results on Wednesday, February 19th. The company reported $0.15 earnings per share for the quarter, topping 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 business had revenue of $60.23 million for the quarter, compared to the consensus estimate of $58.07 million. Analysts expect that Claros Mortgage Trust, Inc. will post 0.27 earnings per share for the current year.

Insiders Place Their Bets

In other Claros Mortgage Trust news, CEO Richard Mack bought 25,000 shares of the company’s stock in a transaction dated Wednesday, March 12th. The shares were bought at an average price of $3.38 per share, for a total transaction of $84,500.00. Following the acquisition, the chief executive officer now directly owns 2,589,981 shares of the company’s stock, valued at approximately $8,754,135.78. This trade represents a 0.97 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Mike Mcgillis purchased 24,115 shares of Claros Mortgage Trust stock in a transaction dated Wednesday, March 12th. The stock was bought at an average cost of $3.30 per share, with a total value of $79,579.50. Following the completion of the transaction, the chief financial officer now directly owns 475,945 shares of the company’s stock, valued at $1,570,618.50. This represents a 5.34 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have bought 169,115 shares of company stock worth $547,930. Corporate insiders own 1.40% of the company’s stock.

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.