W Edward Walter Acquires 25,000 Shares of Claros Mortgage Trust (NYSE:CMTG) Stock

Claros Mortgage Trust, Inc. (NYSE:CMTG) Director W Edward Walter acquired 25,000 shares of the firm’s stock in a transaction on Tuesday, February 24th. The stock was purchased at an average cost of $2.28 per share, with a total value of $57,000.00. Following the completion of the transaction, the director owned 32,000 shares in the company, valued at $72,960. The trade was a 357.14% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link.

Claros Mortgage Trust Trading Up 1.9%

NYSE:CMTG opened at $2.40 on Friday. The company has a debt-to-equity ratio of 1.72, a quick ratio of 21.44 and a current ratio of 21.44. Claros Mortgage Trust, Inc. has a one year low of $2.13 and a one year high of $4.30. The business’s 50-day simple moving average is $2.79 and its 200 day simple moving average is $3.19. The stock has a market cap of $335.83 million, a price-to-earnings ratio of -0.69 and a beta of 1.20.

Institutional Investors Weigh In On Claros Mortgage Trust

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in Claros Mortgage Trust by 2.3% during the third quarter. Vanguard Group Inc. now owns 6,616,998 shares of the company’s stock worth $21,968,000 after acquiring an additional 149,944 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Claros Mortgage Trust by 11.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,621,983 shares of the company’s stock valued at $11,083,000 after purchasing an additional 383,859 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Claros Mortgage Trust by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 2,621,926 shares of the company’s stock worth $8,026,000 after purchasing an additional 29,367 shares during the period. Balyasny Asset Management L.P. lifted its holdings in shares of Claros Mortgage Trust by 22.9% in the 2nd quarter. Balyasny Asset Management L.P. now owns 1,946,597 shares of the company’s stock worth $5,548,000 after purchasing an additional 362,130 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of Claros Mortgage Trust by 53.9% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,805,395 shares of the company’s stock worth $5,994,000 after purchasing an additional 632,105 shares during the last quarter. Institutional investors own 89.53% of the company’s stock.

Analysts Set New Price Targets

CMTG has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods dropped their price target on shares of Claros Mortgage Trust from $3.25 to $3.00 and set an “underperform” rating for the company in a research note on Thursday, January 8th. UBS Group dropped their target price on shares of Claros Mortgage Trust from $4.50 to $4.00 and set a “buy” rating for the company in a research report on Friday, November 14th. Weiss Ratings restated a “sell (d)” rating on shares of Claros Mortgage Trust in a research note on Monday, December 29th. Wells Fargo & Company decreased their price target on Claros Mortgage Trust from $3.00 to $2.50 and set an “underweight” rating for the company in a research note on Friday, February 20th. Finally, Wall Street Zen lowered Claros Mortgage Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. One research analyst has rated the stock with a Buy rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Claros Mortgage Trust currently has an average rating of “Reduce” and a consensus target price of $3.17.

Claros Mortgage Trust Company Profile

Claros Mortgage Trust is a specialty finance company structured as a real estate investment trust that acquires and manages a portfolio of newly originated, conventional residential mortgage loans guaranteed or insured by U.S. government‐sponsored enterprises. The company concentrates on Agency collateral, including loans backed by Ginnie Mae, Fannie Mae and Freddie Mac, aiming to generate current income while preserving capital through high‐quality, credit‐enhanced assets.

Under an external management agreement with Claros Mortgage Capital Advisors LLC, the firm leverages a seasoned team to source, underwrite and service mortgage assets.