Claros Mortgage Trust (NYSE:CMTG) CEO Richard Mack Purchases 50,000 Shares

Claros Mortgage Trust, Inc. (NYSE:CMTG) CEO Richard Mack bought 50,000 shares of the stock in a transaction that occurred on Friday, February 27th. The shares were purchased at an average cost of $2.41 per share, with a total value of $120,500.00. Following the purchase, the chief executive officer directly owned 2,717,330 shares of the company’s stock, valued at $6,548,765.30. The trade was a 1.87% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.

Claros Mortgage Trust Stock Performance

Shares of Claros Mortgage Trust stock opened at $2.32 on Wednesday. The business has a 50-day moving average price of $2.76 and a two-hundred day moving average price of $3.17. Claros Mortgage Trust, Inc. has a 1-year low of $2.13 and a 1-year high of $4.30. The company has a current ratio of 21.44, a quick ratio of 21.44 and a debt-to-equity ratio of 1.72. The company has a market cap of $325.31 million, a P/E ratio of -0.66 and a beta of 1.21.

Institutional Investors Weigh In On Claros Mortgage Trust

Several institutional investors have recently bought and sold shares of CMTG. Vident Advisory LLC lifted its position in shares of Claros Mortgage Trust by 10.3% during the 4th quarter. Vident Advisory LLC now owns 71,360 shares of the company’s stock worth $218,000 after buying an additional 6,655 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Claros Mortgage Trust by 23.4% during the 4th quarter. AQR Capital Management LLC now owns 276,068 shares of the company’s stock worth $845,000 after purchasing an additional 52,280 shares during the period. Abel Hall LLC purchased a new position in shares of Claros Mortgage Trust in the 4th quarter worth about $62,000. Mariner LLC bought a new position in Claros Mortgage Trust during the fourth quarter valued at about $38,000. Finally, Barclays PLC grew its position in Claros Mortgage Trust by 10.7% during the fourth quarter. Barclays PLC now owns 143,901 shares of the company’s stock valued at $440,000 after buying an additional 13,886 shares during the period. Institutional investors own 89.53% of the company’s stock.

Wall Street Analyst Weigh In

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

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.