Barclays PLC Increases Stake in Claros Mortgage Trust, Inc. (NYSE:CMTG)

Barclays PLC grew its stake in shares of Claros Mortgage Trust, Inc. (NYSE:CMTG) by 332.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 138,291 shares of the company’s stock after purchasing an additional 106,289 shares during the quarter. Barclays PLC owned approximately 0.10% of Claros Mortgage Trust worth $1,037,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in CMTG. Zacks Investment Management raised its holdings in Claros Mortgage Trust by 26.1% in the 3rd quarter. Zacks Investment Management now owns 331,865 shares of the company’s stock worth $2,486,000 after purchasing an additional 68,749 shares in the last quarter. State Street Corp increased its position in shares of Claros Mortgage Trust by 0.3% during the third quarter. State Street Corp now owns 2,165,863 shares of the company’s stock valued at $16,436,000 after buying an additional 6,882 shares during the period. Hotchkis & Wiley Capital Management LLC bought a new position in Claros Mortgage Trust in the third quarter worth about $2,552,000. PDT Partners LLC purchased a new stake in Claros Mortgage Trust in the third quarter worth about $208,000. Finally, Penserra Capital Management LLC boosted its position in Claros Mortgage Trust by 22.9% during the 3rd quarter. Penserra Capital Management LLC now owns 134,542 shares of the company’s stock valued at $1,007,000 after acquiring an additional 25,110 shares in the last quarter. Institutional investors own 89.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Keefe, Bruyette & Woods lowered their target price on Claros Mortgage Trust from $6.50 to $4.00 and set an “underperform” rating for the company in a research note on Tuesday. Wells Fargo & Company lowered Claros Mortgage Trust from an “equal weight” rating to an “underweight” rating and set a $8.00 price objective for the company. in a research report on Friday, September 20th. UBS Group upgraded shares of Claros Mortgage Trust from a “neutral” rating to a “buy” rating and dropped their target price for the company from $8.00 to $6.00 in a report on Friday, January 10th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Claros Mortgage Trust from $9.00 to $6.50 and set a “neutral” rating for the company in a research note on Thursday, October 17th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Claros Mortgage Trust currently has a consensus rating of “Hold” and a consensus target price of $6.13.

Claros Mortgage Trust Stock Up 4.4 %

Shares of NYSE:CMTG opened at $4.07 on Wednesday. The company has a current ratio of 20.68, a quick ratio of 20.68 and a debt-to-equity ratio of 2.11. The stock has a fifty day simple moving average of $5.65 and a two-hundred day simple moving average of $7.04. Claros Mortgage Trust, Inc. has a 12-month low of $3.66 and a 12-month high of $12.86. The stock has a market capitalization of $567.21 million, a price-to-earnings ratio of -6.46 and a beta of 1.62.

Claros Mortgage Trust 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.