State Street Corp Increases Holdings in Claros Mortgage Trust, Inc. (NYSE:CMTG)

State Street Corp boosted its stake in shares of Claros Mortgage Trust, Inc. (NYSE:CMTG) by 0.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,165,863 shares of the company’s stock after acquiring an additional 6,882 shares during the quarter. State Street Corp owned about 1.55% of Claros Mortgage Trust worth $16,436,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Waterfall Asset Management LLC bought a new position in shares of Claros Mortgage Trust during the 2nd quarter valued at approximately $4,448,000. Atria Investments Inc boosted its stake in Claros Mortgage Trust by 29.2% during the third quarter. Atria Investments Inc now owns 25,743 shares of the company’s stock worth $193,000 after buying an additional 5,823 shares during the period. Charles Schwab Investment Management Inc. increased its position in Claros Mortgage Trust by 15.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,402,648 shares of the company’s stock valued at $10,506,000 after acquiring an additional 188,950 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Claros Mortgage Trust in the third quarter valued at $101,000. Finally, Intech Investment Management LLC bought a new stake in shares of Claros Mortgage Trust in the 3rd quarter worth about $114,000. 89.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CMTG has been the topic of a number of research analyst reports. JPMorgan Chase & Co. dropped 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. UBS Group reduced their price objective on Claros Mortgage Trust from $8.50 to $8.00 and set a “neutral” rating on the stock in a report on Friday, November 15th. Keefe, Bruyette & Woods upped their target price on Claros Mortgage Trust from $6.75 to $7.25 and gave the stock an “underperform” rating in a report on Tuesday, November 12th. Finally, Wells Fargo & Company cut shares of Claros Mortgage Trust from an “equal weight” rating to an “underweight” rating and set a $8.00 price target for the company. in a research report on Friday, September 20th. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat, Claros Mortgage Trust has an average rating of “Hold” and a consensus target price of $7.44.

Claros Mortgage Trust Stock Performance

Shares of CMTG opened at $4.25 on Wednesday. Claros Mortgage Trust, Inc. has a 12 month low of $3.98 and a 12 month high of $14.62. The stock has a fifty day moving average price of $6.37 and a 200-day moving average price of $7.49. 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 firm has a market cap of $592.29 million, a PE ratio of -6.75 and a beta of 1.52.

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.