SG Americas Securities LLC Takes $150,000 Position in Claros Mortgage Trust, Inc. (NYSE:CMTG)

SG Americas Securities LLC purchased a new stake in shares of Claros Mortgage Trust, Inc. (NYSE:CMTG) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 20,075 shares of the company’s stock, valued at approximately $150,000.

Other hedge funds also recently made changes to their positions in the company. Gladius Capital Management LP bought a new position in shares of Claros Mortgage Trust during the second quarter worth about $33,000. Covestor Ltd raised its position in shares of Claros Mortgage Trust by 349.4% during the first quarter. Covestor Ltd now owns 10,897 shares of the company’s stock worth $106,000 after acquiring an additional 8,472 shares during the last quarter. Simplicity Wealth LLC bought a new position in shares of Claros Mortgage Trust during the second quarter worth about $121,000. MQS Management LLC bought a new position in shares of Claros Mortgage Trust during the first quarter worth about $128,000. Finally, Lazard Asset Management LLC bought a new position in shares of Claros Mortgage Trust during the first quarter worth about $140,000. 89.53% of the stock is currently owned by institutional investors.

Claros Mortgage Trust Price Performance

Shares of CMTG opened at $6.47 on Friday. Claros Mortgage Trust, Inc. has a 52-week low of $6.08 and a 52-week high of $15.25. The company has a debt-to-equity ratio of 2.12, a quick ratio of 28.19 and a current ratio of 28.19. The business’s 50 day moving average price is $7.41 and its two-hundred day moving average price is $8.12. The firm has a market cap of $897.69 million, a PE ratio of -10.44 and a beta of 1.49.

Claros Mortgage Trust (NYSE:CMTG) last issued its earnings results on Monday, August 5th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.10. Claros Mortgage Trust had a positive return on equity of 3.30% and a negative net margin of 35.47%. The company had revenue of $64.49 million for the quarter, compared to analyst estimates of $64.25 million. On average, equities analysts anticipate that Claros Mortgage Trust, Inc. will post 0.15 EPS for the current year.

Claros Mortgage Trust Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 6.18%. The ex-dividend date of this dividend was Monday, September 30th. Claros Mortgage Trust’s payout ratio is -64.52%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on CMTG shares. Wells Fargo & Company downgraded Claros Mortgage Trust from an “equal weight” rating to an “underweight” rating and set a $8.00 price objective for the company. in a research report on Friday, September 20th. JPMorgan Chase & Co. dropped their price target on 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 dropped their price target on Claros Mortgage Trust from $8.50 to $8.00 and set an “underperform” rating on the stock in a research note on Monday, August 12th. Finally, BTIG Research initiated coverage on Claros Mortgage Trust in a research note on Friday, July 19th. They issued a “neutral” rating on the stock. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $8.13.

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.