State Board of Administration of Florida Retirement System Buys New Holdings in Claros Mortgage Trust, Inc. (NYSE:CMTG)

State Board of Administration of Florida Retirement System bought a new stake in Claros Mortgage Trust, Inc. (NYSE:CMTG – Get Rating) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 12,740 shares of the company’s stock, valued at approximately $187,000.

Several other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Claros Mortgage Trust by 176.7% in the 3rd quarter. Vanguard Group Inc. now owns 10,851,780 shares of the company’s stock valued at $127,399,000 after purchasing an additional 6,930,200 shares during the last quarter. BlackRock Inc. lifted its stake in Claros Mortgage Trust by 12.0% in the 3rd quarter. BlackRock Inc. now owns 7,572,721 shares of the company’s stock valued at $88,904,000 after purchasing an additional 812,501 shares during the last quarter. State Street Corp lifted its stake in Claros Mortgage Trust by 50.4% in the 3rd quarter. State Street Corp now owns 1,741,364 shares of the company’s stock valued at $21,067,000 after purchasing an additional 583,376 shares during the last quarter. Nuveen Asset Management LLC lifted its stake in Claros Mortgage Trust by 59.9% in the 3rd quarter. Nuveen Asset Management LLC now owns 526,845 shares of the company’s stock valued at $6,185,000 after purchasing an additional 197,461 shares during the last quarter. Finally, Balyasny Asset Management LLC acquired a new stake in Claros Mortgage Trust in the 3rd quarter valued at about $4,662,000. 71.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. JMP Securities downgraded shares of Claros Mortgage Trust from an “outperform” rating to a “market perform” rating in a research report on Tuesday, February 21st. Keefe, Bruyette & Woods cut their price objective on shares of Claros Mortgage Trust from $14.50 to $11.00 and set an “underperform” rating for the company in a research report on Thursday, April 13th. JPMorgan Chase & Co. cut their price objective on shares of Claros Mortgage Trust from $14.50 to $11.50 in a research report on Monday, April 24th. Finally, BTIG Research assumed coverage on shares of Claros Mortgage Trust in a research report on Monday, April 24th. They set a “neutral” rating for the company. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $14.50.

Claros Mortgage Trust Stock Down 4.1 %

Shares of CMTG opened at $10.36 on Tuesday. Claros Mortgage Trust, Inc. has a 12 month low of $10.20 and a 12 month high of $21.09. The firm’s 50 day moving average is $11.46 and its 200-day moving average is $14.33. The stock has a market capitalization of $1.43 billion, a PE ratio of 12.33 and a beta of 1.73. The company has a current ratio of 44.98, a quick ratio of 44.98 and a debt-to-equity ratio of 2.10.

Claros Mortgage Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 14th. Stockholders of record on Friday, March 31st were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Thursday, March 30th. This represents a $1.48 annualized dividend and a dividend yield of 14.29%. Claros Mortgage Trust’s dividend payout ratio is presently 176.19%.

Claros Mortgage Trust Company Profile

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Claros Mortgage Trust, Inc is a real estate investment trust that focuses primarily on originating senior and subordinate loans on transitional commercial real estate assets located in principal markets across the United States. The company is qualified as a real estate investment trust (REIT) under the Internal Revenue Code.