Blue Trust Inc. Increases Stake in Claros Mortgage Trust, Inc. (NYSE:CMTG)

Blue Trust Inc. increased its holdings in Claros Mortgage Trust, Inc. (NYSE:CMTG) by 501.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 32,509 shares of the company’s stock after acquiring an additional 27,103 shares during the quarter. Blue Trust Inc.’s holdings in Claros Mortgage Trust were worth $147,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CMTG. SG Americas Securities LLC boosted its stake in shares of Claros Mortgage Trust by 18.4% during the fourth 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 in the last quarter. JPMorgan Chase & Co. boosted its position in Claros Mortgage Trust by 236.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 479,430 shares of the company’s stock valued at $3,591,000 after acquiring an additional 336,931 shares in the last quarter. Barclays PLC boosted its position in Claros Mortgage Trust by 332.1% during the 3rd quarter. Barclays PLC now owns 138,291 shares of the company’s stock valued at $1,037,000 after acquiring an additional 106,289 shares in the last quarter. Zacks Investment Management increased its holdings in shares of Claros Mortgage Trust by 26.1% in the 3rd quarter. Zacks Investment Management now owns 331,865 shares of the company’s stock valued at $2,486,000 after acquiring an additional 68,749 shares during the period. Finally, State Street Corp raised its position in shares of Claros Mortgage Trust by 0.3% in the 3rd quarter. State Street Corp now owns 2,165,863 shares of the company’s stock worth $16,436,000 after acquiring an additional 6,882 shares in the last quarter. 89.53% of the stock is currently owned by institutional investors.

Claros Mortgage Trust Stock Performance

CMTG opened at $3.33 on Thursday. The firm’s 50-day moving average price is $4.59 and its 200-day moving average price is $6.50. The company has a market cap of $464.63 million, a P/E ratio of -5.29 and a beta of 1.57. The company has a quick ratio of 20.68, a current ratio of 20.68 and a debt-to-equity ratio of 2.11. Claros Mortgage Trust, Inc. has a 52-week low of $3.14 and a 52-week high of $11.22.

Claros Mortgage Trust (NYSE:CMTG) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.13 by $0.05. Claros Mortgage Trust had a negative net margin of 32.75% and a positive return on equity of 5.60%. The business had revenue of $64.88 million during the quarter, compared to the consensus estimate of $69.48 million. During the same period in the previous year, the firm posted ($0.16) earnings per share. As a group, equities analysts anticipate that Claros Mortgage Trust, Inc. will post -0.1 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on CMTG. UBS Group raised Claros Mortgage Trust from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $8.00 to $6.00 in a research report on Friday, January 10th. Keefe, Bruyette & Woods reduced their price objective on shares of Claros Mortgage Trust from $6.50 to $4.00 and set an “underperform” rating for the company in a research note on Tuesday, January 14th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Claros Mortgage Trust from $9.00 to $6.50 and set a “neutral” rating for the company in a research note on Thursday, October 17th. Two research 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, the company has a consensus rating of “Hold” and an average price target of $6.13.

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.