Claros Mortgage Trust, Inc. (NYSE:CMTG) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC raised its holdings in Claros Mortgage Trust, Inc. (NYSE:CMTG) by 15.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,590 shares of the company’s stock after purchasing an additional 873 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Claros Mortgage Trust were worth $75,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Deutsche Bank AG increased its stake in Claros Mortgage Trust by 1.6% in the fourth quarter. Deutsche Bank AG now owns 39,260 shares of the company’s stock valued at $578,000 after purchasing an additional 614 shares during the period. Citigroup Inc. increased its stake in Claros Mortgage Trust by 36.2% in the fourth quarter. Citigroup Inc. now owns 2,531 shares of the company’s stock valued at $37,000 after purchasing an additional 673 shares during the period. FMR LLC increased its stake in shares of Claros Mortgage Trust by 200.4% during the first quarter. FMR LLC now owns 2,154 shares of the company’s stock worth $25,000 after acquiring an additional 1,437 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of Claros Mortgage Trust by 204.5% during the first quarter. Tower Research Capital LLC TRC now owns 2,521 shares of the company’s stock worth $29,000 after acquiring an additional 1,693 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Claros Mortgage Trust by 5.9% during the fourth quarter. The Manufacturers Life Insurance Company now owns 36,603 shares of the company’s stock worth $538,000 after acquiring an additional 2,028 shares during the period. 71.57% of the stock is currently owned by institutional investors and hedge funds.

Claros Mortgage Trust Trading Down 2.1 %

Shares of CMTG opened at $11.48 on Friday. The company has a current ratio of 31.67, a quick ratio of 31.67 and a debt-to-equity ratio of 2.10. The firm’s 50-day moving average is $11.01 and its two-hundred day moving average is $11.16. Claros Mortgage Trust, Inc. has a twelve month low of $9.60 and a twelve month high of $18.08. The firm has a market capitalization of $1.59 billion, a P/E ratio of -29.44 and a beta of 1.71.

Claros Mortgage Trust Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $1.00 annualized dividend and a yield of 8.71%. Claros Mortgage Trust’s payout ratio is currently -256.41%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on CMTG shares. JPMorgan Chase & Co. dropped their price target on shares of Claros Mortgage Trust from $11.50 to $11.00 and set a “neutral” rating on the stock in a research note on Thursday, November 2nd. Wells Fargo & Company lowered shares of Claros Mortgage Trust from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $13.00 to $11.00 in a research note on Thursday, August 3rd. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Claros Mortgage Trust from $11.00 to $10.00 in a research note on Wednesday, August 30th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Based on data from MarketBeat, Claros Mortgage Trust presently has an average rating of “Hold” and an average price target of $13.50.

About Claros Mortgage Trust

Claros Mortgage Trust, Inc operates as a real estate investment trust. The company focuses on originating senior and subordinate loans on transitional commercial real estate assets in the United States. Claros Mortgage Trust, Inc was incorporated in 2015 and is headquartered in New York, New York.