Insider Buying: Claros Mortgage Trust (NYSE:CMTG) CFO Buys $46,800.00 in Stock

Claros Mortgage Trust, Inc. (NYSE:CMTG) CFO Mike Mcgillis purchased 20,000 shares of the business’s stock in a transaction on Monday, March 2nd. The stock was purchased at an average price of $2.34 per share, with a total value of $46,800.00. Following the purchase, the chief financial officer owned 603,007 shares of the company’s stock, valued at approximately $1,411,036.38. The trade was a 3.43% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Claros Mortgage Trust Trading Up 1.1%

Shares of NYSE:CMTG opened at $2.78 on Friday. Claros Mortgage Trust, Inc. has a 52-week low of $2.14 and a 52-week high of $4.30. The company has a debt-to-equity ratio of 1.72, a quick ratio of 21.44 and a current ratio of 21.44. The company has a market capitalization of $389.81 million, a P/E ratio of -0.80 and a beta of 1.21. The company has a 50-day simple moving average of $2.75 and a 200 day simple moving average of $3.17.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on CMTG shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Claros Mortgage Trust in a report on Monday, December 29th. UBS Group decreased their price target on shares of Claros Mortgage Trust from $4.50 to $4.00 and set a “buy” rating on the stock in a research note on Friday, November 14th. Wells Fargo & Company lowered their price target on shares of Claros Mortgage Trust from $3.00 to $2.50 and set an “underweight” rating on the stock in a report on Friday, February 20th. Wall Street Zen cut Claros Mortgage Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. Finally, Keefe, Bruyette & Woods decreased their target price on Claros Mortgage Trust from $3.00 to $2.50 and set an “underperform” rating on the stock in a research report on Monday. One 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 price target of $3.00.

Hedge Funds Weigh In On Claros Mortgage Trust

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Claros Mortgage Trust by 2.3% during the 3rd 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. lifted its stake in 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 worth $11,083,000 after purchasing an additional 383,859 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Claros Mortgage Trust by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 2,621,926 shares of the company’s stock valued at $8,026,000 after purchasing an additional 29,367 shares in the last quarter. Balyasny Asset Management L.P. increased its stake 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 valued at $5,548,000 after purchasing an additional 362,130 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its position in shares of Claros Mortgage Trust by 53.9% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,805,395 shares of the company’s stock worth $5,994,000 after buying an additional 632,105 shares during the last quarter. 89.53% of the stock is owned by institutional investors.

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.