Claros Mortgage Trust, Inc. (NYSE:CMTG) Shares Sold by Northern Trust Corp

Northern Trust Corp lowered its position in shares of Claros Mortgage Trust, Inc. (NYSE:CMTG) by 4.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 891,711 shares of the company’s stock after selling 45,003 shares during the period. Northern Trust Corp owned approximately 0.64% of Claros Mortgage Trust worth $4,031,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Arlington Trust Co LLC acquired a new stake in shares of Claros Mortgage Trust during the 4th quarter worth approximately $43,000. Townsquare Capital LLC acquired a new stake in Claros Mortgage Trust in the 4th quarter valued at approximately $46,000. Proficio Capital Partners LLC acquired a new stake in Claros Mortgage Trust in the 4th quarter valued at approximately $47,000. Envestnet Asset Management Inc. acquired a new stake in Claros Mortgage Trust in the 4th quarter valued at approximately $47,000. Finally, Quantbot Technologies LP acquired a new stake in Claros Mortgage Trust in the 4th quarter valued at approximately $69,000. Institutional investors and hedge funds own 89.53% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Mike Mcgillis acquired 24,115 shares of Claros Mortgage Trust stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average price of $3.30 per share, with a total value of $79,579.50. Following the completion of the purchase, the chief financial officer now owns 475,945 shares of the company’s stock, valued at approximately $1,570,618.50. This represents a 5.34% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Richard Mack acquired 115,000 shares of Claros Mortgage Trust stock in a transaction that occurred on Monday, March 10th. The shares were purchased at an average cost of $3.19 per share, for a total transaction of $366,850.00. Following the purchase, the chief executive officer now directly owns 2,564,981 shares of the company’s stock, valued at approximately $8,182,289.39. This trade represents a 4.69% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 169,115 shares of company stock worth $547,930. 1.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on CMTG shares. UBS Group lifted their target price on shares of Claros Mortgage Trust from $3.50 to $4.00 and gave the company a “buy” rating in a report on Wednesday. Keefe, Bruyette & Woods dropped their target price on shares of Claros Mortgage Trust from $2.50 to $2.25 and set an “underperform” rating for the company in a report on Monday, May 12th. Finally, Wells Fargo & Company decreased their price target on shares of Claros Mortgage Trust from $8.00 to $3.00 and set an “underweight” rating for the company in a research report on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $3.94.

Claros Mortgage Trust Trading Down 0.4%

NYSE CMTG opened at $2.36 on Friday. The company has a debt-to-equity ratio of 2.08, a quick ratio of 20.68 and a current ratio of 25.67. The firm has a market cap of $328.90 million, a PE ratio of -1.48 and a beta of 1.17. Claros Mortgage Trust, Inc. has a one year low of $2.13 and a one year high of $9.81. The firm’s fifty day moving average is $2.85 and its two-hundred day moving average is $3.95.

Claros Mortgage Trust (NYSE:CMTG) last issued its quarterly earnings results on Wednesday, May 7th. The company reported ($0.25) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.32) by $0.07. Claros Mortgage Trust had a negative net margin of 89.07% and a positive return on equity of 4.72%. The business had revenue of $44.50 million for the quarter, compared to analyst estimates of $41.91 million. Analysts expect that Claros Mortgage Trust, Inc. will post 0.27 earnings per share for the current year.

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.