15,331 Shares in Claros Mortgage Trust, Inc. (NYSE:CMTG) Bought by Quantbot Technologies LP

Quantbot Technologies LP bought a new stake in Claros Mortgage Trust, Inc. (NYSE:CMTG) during the fourth quarter, Holdings Channel reports. The institutional investor bought 15,331 shares of the company’s stock, valued at approximately $69,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CMTG. Charles Schwab Investment Management Inc. increased its stake in shares of Claros Mortgage Trust by 19.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,679,701 shares of the company’s stock worth $7,592,000 after purchasing an additional 277,053 shares during the last quarter. State Street Corp boosted its holdings in Claros Mortgage Trust by 0.3% in the third quarter. State Street Corp now owns 2,165,863 shares of the company’s stock worth $16,436,000 after purchasing an additional 6,882 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Claros Mortgage Trust by 62.1% in the fourth quarter. Bank of New York Mellon Corp now owns 568,754 shares of the company’s stock worth $2,571,000 after purchasing an additional 217,989 shares in the last quarter. Barclays PLC increased its position in Claros Mortgage Trust by 332.1% during the third quarter. Barclays PLC now owns 138,291 shares of the company’s stock worth $1,037,000 after buying an additional 106,289 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Claros Mortgage Trust by 236.4% during the third quarter. JPMorgan Chase & Co. now owns 479,430 shares of the company’s stock valued at $3,591,000 after buying an additional 336,931 shares in the last quarter. Hedge funds and other institutional investors own 89.53% of the company’s stock.

Insider Activity at Claros Mortgage Trust

In other news, CEO Richard Mack purchased 25,000 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were purchased at an average cost of $3.38 per share, for a total transaction of $84,500.00. Following the completion of the purchase, the chief executive officer now directly owns 2,589,981 shares of the company’s stock, valued at approximately $8,754,135.78. The trade was a 0.97 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Mike Mcgillis purchased 24,115 shares of the business’s stock in a transaction on Wednesday, March 12th. The stock was purchased at an average cost of $3.30 per share, with a total value of $79,579.50. Following the acquisition, the chief financial officer now owns 475,945 shares in the company, valued at approximately $1,570,618.50. This represents a 5.34 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 169,115 shares of company stock worth $547,930 in the last ninety days. 1.40% of the stock is currently owned by insiders.

Claros Mortgage Trust Price Performance

NYSE CMTG opened at $3.67 on Wednesday. The stock has a market capitalization of $512.02 million, a PE ratio of -2.31 and a beta of 1.62. The stock has a 50-day simple moving average of $3.30 and a 200 day simple moving average of $5.09. The company has a debt-to-equity ratio of 2.08, a quick ratio of 20.68 and a current ratio of 25.67. Claros Mortgage Trust, Inc. has a twelve month low of $2.13 and a twelve month high of $9.81.

Claros Mortgage Trust (NYSE:CMTG) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.03. The company had revenue of $60.23 million during the quarter, compared to analyst estimates of $58.07 million. Claros Mortgage Trust had a positive return on equity of 4.72% and a negative net margin of 89.07%. Research analysts anticipate that Claros Mortgage Trust, Inc. will post 0.27 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on CMTG shares. Keefe, Bruyette & Woods decreased their price target on Claros Mortgage Trust from $4.00 to $2.50 and set an “underperform” rating for the company in a research note on Thursday, February 27th. UBS Group decreased their target price on Claros Mortgage Trust from $6.00 to $5.25 and set a “buy” rating for the company in a research report on Tuesday, February 25th. Finally, Wells Fargo & Company dropped their price target on shares of Claros Mortgage Trust from $8.00 to $3.00 and set an “underweight” rating on the stock in a research report on Tuesday, February 25th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $4.31.

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.