Handelsbanken Fonder AB Raises Stock Holdings in Claros Mortgage Trust, Inc. (NYSE:CMTG)

Handelsbanken Fonder AB boosted its stake in shares of Claros Mortgage Trust, Inc. (NYSE:CMTG) by 90.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 24,700 shares of the company’s stock after purchasing an additional 11,700 shares during the quarter. Handelsbanken Fonder AB’s holdings in Claros Mortgage Trust were worth $337,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. acquired a new stake in Claros Mortgage Trust during the 3rd quarter valued at approximately $149,000. SG Americas Securities LLC acquired a new stake in Claros Mortgage Trust during the 3rd quarter worth about $228,000. Deutsche Bank AG lifted its holdings in shares of Claros Mortgage Trust by 15.1% in the 3rd quarter. Deutsche Bank AG now owns 44,383 shares of the company’s stock valued at $492,000 after buying an additional 5,810 shares during the period. Penserra Capital Management LLC grew its holdings in Claros Mortgage Trust by 14.4% during the third quarter. Penserra Capital Management LLC now owns 44,986 shares of the company’s stock worth $498,000 after acquiring an additional 5,671 shares during the period. Finally, Nisa Investment Advisors LLC grew its stake in shares of Claros Mortgage Trust by 5.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 51,908 shares of the company’s stock worth $575,000 after purchasing an additional 2,639 shares during the period. Hedge funds and other institutional investors own 89.53% of the company’s stock.

Claros Mortgage Trust Stock Performance

Shares of NYSE:CMTG opened at $9.14 on Friday. 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, Inc. has a 1 year low of $8.37 and a 1 year high of $15.25. The firm has a market capitalization of $1.27 billion, a PE ratio of 456.98 and a beta of 1.59. The business’s 50 day moving average price is $9.32 and its 200-day moving average price is $11.01.

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

Claros Mortgage Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were issued a $0.25 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.00 dividend on an annualized basis and a yield of 10.95%. Claros Mortgage Trust’s payout ratio is 5,002.50%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Keefe, Bruyette & Woods dropped their target price 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. JPMorgan Chase & Co. reduced their target price on Claros Mortgage Trust from $11.00 to $9.50 and set a “neutral” rating for the company in a research note on Wednesday, April 10th. Finally, UBS Group reduced their price objective on shares of Claros Mortgage Trust from $11.50 to $10.00 and set a “neutral” rating for the company in a research report on Wednesday, March 20th.

Claros Mortgage Trust Company Profile

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.