Claros Mortgage Trust, Inc. (NYSE:CMTG) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lessened its stake in shares of Claros Mortgage Trust, Inc. (NYSE:CMTG) by 59.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,240 shares of the company’s stock after selling 12,318 shares during the quarter. SG Americas Securities LLC’s holdings in Claros Mortgage Trust were worth $112,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CMTG. Deutsche Bank AG lifted its stake in Claros Mortgage Trust by 1.6% during the 4th quarter. Deutsche Bank AG now owns 39,260 shares of the company’s stock worth $578,000 after acquiring an additional 614 shares in the last quarter. Citigroup Inc. lifted its position in shares of Claros Mortgage Trust by 36.2% during the fourth quarter. Citigroup Inc. now owns 2,531 shares of the company’s stock worth $37,000 after purchasing an additional 673 shares in the last quarter. ProShare Advisors LLC lifted its position in shares of Claros Mortgage Trust by 9.1% during the second quarter. ProShare Advisors LLC now owns 11,811 shares of the company’s stock worth $134,000 after purchasing an additional 983 shares in the last quarter. FMR LLC boosted its stake in shares of Claros Mortgage Trust by 97.8% in the third quarter. FMR LLC now owns 2,742 shares of the company’s stock valued at $30,000 after purchasing an additional 1,356 shares during the period. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Claros Mortgage Trust by 204.5% in the first quarter. Tower Research Capital LLC TRC now owns 2,521 shares of the company’s stock valued at $29,000 after purchasing an additional 1,693 shares in the last quarter. 89.53% of the stock is currently owned by institutional investors and hedge funds.

Claros Mortgage Trust Stock Up 0.7 %

Claros Mortgage Trust stock opened at $8.95 on Friday. The stock’s fifty day moving average is $9.50 and its two-hundred day moving average is $11.16. The stock has a market cap of $1.24 billion, a PE ratio of 447.72 and a beta of 1.58. Claros Mortgage Trust, Inc. has a 1-year low of $8.37 and a 1-year high of $15.25. The company has a debt-to-equity ratio of 2.09, a current ratio of 25.03 and a quick ratio of 25.03.

Claros Mortgage Trust (NYSE:CMTG) last issued its earnings results on Tuesday, February 20th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.19. The business had revenue of $75.98 million for the quarter, compared to analyst estimates of $72.79 million. Claros Mortgage Trust had a return on equity of 2.01% and a net margin of 1.97%. On average, sell-side analysts expect that Claros Mortgage Trust, Inc. will post 0.66 EPS for the current fiscal year.

Claros Mortgage Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.00 annualized dividend and a yield of 11.17%. Claros Mortgage Trust’s dividend payout ratio is currently 5,002.50%.

Analysts Set New Price Targets

Several brokerages have commented on CMTG. JPMorgan Chase & Co. decreased their price target on shares of Claros Mortgage Trust from $11.00 to $9.50 and set a “neutral” rating for the company in a research report on Wednesday, April 10th. UBS Group lowered their target price on Claros Mortgage Trust from $11.50 to $10.00 and set a “neutral” rating for the company in a research note on Wednesday, March 20th. Finally, Keefe, Bruyette & Woods reduced their price target on Claros Mortgage Trust from $9.75 to $9.50 and set an “underperform” rating on the stock in a research report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $10.00.

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.