Atria Investments Inc Buys 5,823 Shares of Claros Mortgage Trust, Inc. (NYSE:CMTG)

Atria Investments Inc boosted its holdings in shares of Claros Mortgage Trust, Inc. (NYSE:CMTG) by 29.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,743 shares of the company’s stock after purchasing an additional 5,823 shares during the period. Atria Investments Inc’s holdings in Claros Mortgage Trust were worth $193,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Claros Mortgage Trust by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 11,455,904 shares of the company’s stock valued at $111,810,000 after purchasing an additional 30,377 shares during the period. Waterfall Asset Management LLC purchased a new position in shares of Claros Mortgage Trust during the 2nd quarter worth approximately $4,448,000. Bank of New York Mellon Corp grew its holdings in shares of Claros Mortgage Trust by 9.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 408,766 shares of the company’s stock worth $3,278,000 after acquiring an additional 36,911 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of Claros Mortgage Trust by 9.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 81,059 shares of the company’s stock worth $792,000 after acquiring an additional 7,062 shares during the period. Finally, Levin Capital Strategies L.P. grew its holdings in shares of Claros Mortgage Trust by 400.0% during the 2nd quarter. Levin Capital Strategies L.P. now owns 50,000 shares of the company’s stock worth $401,000 after acquiring an additional 40,000 shares during the period. Hedge funds and other institutional investors own 89.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CMTG shares. Wells Fargo & Company downgraded Claros Mortgage Trust from an “equal weight” rating to an “underweight” rating and set a $8.00 target price on the stock. in a report on Friday, September 20th. JPMorgan Chase & Co. cut 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 upped their price target on Claros Mortgage Trust from $6.75 to $7.25 and gave the stock an “underperform” rating in a research note on Tuesday, November 12th. Finally, UBS Group cut their price target on Claros Mortgage Trust from $8.50 to $8.00 and set a “neutral” rating on the stock in a research note on Friday, November 15th. Two investment 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.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $7.44.

Claros Mortgage Trust Stock Performance

CMTG stock opened at $6.48 on Monday. The stock has a market capitalization of $903.05 million, a PE ratio of -10.29 and a beta of 1.51. Claros Mortgage Trust, Inc. has a 12-month low of $6.08 and a 12-month high of $15.25. The company has a current ratio of 20.68, a quick ratio of 20.68 and a debt-to-equity ratio of 2.11. The stock’s 50 day simple moving average is $6.91 and its 200 day simple moving average is $7.79.

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.