Vanguard Group Inc. Has $155.73 Million Position in Claros Mortgage Trust, Inc. (NYSE:CMTG)

Vanguard Group Inc. grew its holdings in Claros Mortgage Trust, Inc. (NYSE:CMTGFree Report) by 0.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,425,527 shares of the company’s stock after buying an additional 55,256 shares during the quarter. Vanguard Group Inc. owned 8.24% of Claros Mortgage Trust worth $155,730,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Goldman Sachs Group Inc. lifted its position in shares of Claros Mortgage Trust by 11,644.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 14,609,072 shares of the company’s stock worth $199,122,000 after buying an additional 14,484,684 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Claros Mortgage Trust by 1.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 871,156 shares of the company’s stock valued at $11,874,000 after acquiring an additional 13,165 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Claros Mortgage Trust by 22.7% in the 4th quarter. Victory Capital Management Inc. now owns 17,353 shares of the company’s stock valued at $237,000 after purchasing an additional 3,209 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of Claros Mortgage Trust by 1.7% in the 4th quarter. Van ECK Associates Corp now owns 322,173 shares of the company’s stock worth $4,391,000 after purchasing an additional 5,465 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its position in shares of Claros Mortgage Trust by 90.0% during the 4th quarter. Handelsbanken Fonder AB now owns 24,700 shares of the company’s stock worth $337,000 after purchasing an additional 11,700 shares in the last quarter. 89.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CMTG has been the topic of several research analyst reports. Keefe, Bruyette & Woods decreased their price objective on shares of Claros Mortgage Trust from $9.75 to $9.50 and set an “underperform” rating on the stock in a research note on Wednesday, April 10th. JMP Securities reaffirmed a “market perform” rating on shares of Claros Mortgage Trust in a report on Tuesday, June 11th. JPMorgan Chase & Co. reduced their price objective on Claros Mortgage Trust from $11.00 to $9.50 and set a “neutral” rating on the stock in a research note on Wednesday, April 10th. Wells Fargo & Company lowered their target price on Claros Mortgage Trust from $11.00 to $9.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 8th. Finally, UBS Group reduced their price target on shares of Claros Mortgage Trust from $11.50 to $10.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 20th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat, Claros Mortgage Trust has an average rating of “Hold” and an average price target of $9.50.

Get Our Latest Research Report on CMTG

Insider Transactions at Claros Mortgage Trust

In other Claros Mortgage Trust news, Director Vincent Tese acquired 5,000 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The shares were acquired at an average price of $7.26 per share, with a total value of $36,300.00. Following the purchase, the director now owns 6,000 shares of the company’s stock, valued at approximately $43,560. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Vincent Tese purchased 5,000 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were purchased at an average price of $7.26 per share, with a total value of $36,300.00. Following the completion of the purchase, the director now owns 6,000 shares in the company, valued at approximately $43,560. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Richard Mack acquired 116,000 shares of the stock in a transaction dated Tuesday, May 28th. The shares were bought at an average cost of $7.18 per share, with a total value of $832,880.00. Following the transaction, the chief executive officer now directly owns 2,551,853 shares of the company’s stock, valued at $18,322,304.54. The disclosure for this purchase can be found here. Insiders have bought a total of 193,000 shares of company stock valued at $1,393,140 over the last three months. 1.40% of the stock is currently owned by corporate insiders.

Claros Mortgage Trust Stock Down 0.2 %

NYSE:CMTG opened at $8.01 on Friday. The company has a quick ratio of 26.27, a current ratio of 26.27 and a debt-to-equity ratio of 2.07. Claros Mortgage Trust, Inc. has a 12-month low of $6.80 and a 12-month high of $15.25. The stock’s fifty day simple moving average is $8.22 and its 200-day simple moving average is $9.93. The firm has a market capitalization of $1.11 billion, a P/E ratio of -12.92 and a beta of 1.52.

Claros Mortgage Trust (NYSE:CMTGGet Free Report) last issued its earnings results on Monday, May 6th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.04. The firm had revenue of $58.83 million for the quarter, compared to analysts’ expectations of $63.64 million. Claros Mortgage Trust had a positive return on equity of 1.51% and a negative net margin of 28.16%. Equities research analysts expect that Claros Mortgage Trust, Inc. will post 0.14 earnings per share for the current year.

Claros Mortgage Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.00 annualized dividend and a yield of 12.48%. Claros Mortgage Trust’s dividend payout ratio (DPR) is presently -161.29%.

Claros Mortgage Trust Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Claros Mortgage Trust (NYSE:CMTG)

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