BNP Paribas Financial Markets Invests $46,000 in Claros Mortgage Trust, Inc. (NYSE:CMTG)

BNP Paribas Financial Markets bought a new position in Claros Mortgage Trust, Inc. (NYSE:CMTG) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 10,159 shares of the company’s stock, valued at approximately $46,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Koch Inc. purchased a new stake in shares of Claros Mortgage Trust in the 4th quarter worth about $68,374,000. Geode Capital Management LLC grew its position in shares of Claros Mortgage Trust by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 2,330,895 shares of the company’s stock worth $10,538,000 after buying an additional 10,835 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Claros Mortgage Trust by 19.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,679,701 shares of the company’s stock worth $7,592,000 after buying an additional 277,053 shares during the period. JPMorgan Chase & Co. grew its position in shares of Claros Mortgage Trust by 35.5% in the 4th quarter. JPMorgan Chase & Co. now owns 649,674 shares of the company’s stock worth $2,937,000 after buying an additional 170,244 shares during the period. Finally, Bank of New York Mellon Corp grew its position in Claros Mortgage Trust by 62.1% during the 4th quarter. Bank of New York Mellon Corp now owns 568,754 shares of the company’s stock valued at $2,571,000 after purchasing an additional 217,989 shares during the last quarter. 89.53% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Claros Mortgage Trust news, CEO Richard Mack acquired 25,000 shares of the stock in a transaction dated Wednesday, March 12th. The shares were purchased at an average price of $3.38 per share, for a total transaction of $84,500.00. Following the purchase, the chief executive officer now directly owns 2,589,981 shares of the company’s stock, valued at approximately $8,754,135.78. This trade represents a 0.97% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Mike Mcgillis acquired 24,115 shares of the stock in a transaction dated Wednesday, March 12th. The stock was acquired at an average price of $3.30 per share, for a total transaction of $79,579.50. Following the purchase, the chief financial officer now directly owns 475,945 shares in the company, valued at approximately $1,570,618.50. This trade represents a 5.34% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 169,115 shares of company stock valued at $547,930 in the last 90 days. 1.40% of the stock is currently owned by insiders.

Claros Mortgage Trust Stock Performance

Shares of NYSE CMTG opened at $2.72 on Wednesday. The firm’s 50-day moving average price is $2.60 and its 200-day moving average price is $3.67. The company has a quick ratio of 20.68, a current ratio of 25.67 and a debt-to-equity ratio of 2.08. The company has a market cap of $380.23 million, a PE ratio of -1.71 and a beta of 1.17. Claros Mortgage Trust, Inc. has a 52-week low of $2.13 and a 52-week high of $9.81.

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

Analysts Set New Price Targets

Several analysts recently commented on the stock. Keefe, Bruyette & Woods cut their price objective on shares of Claros Mortgage Trust from $2.50 to $2.25 and set an “underperform” rating on the stock in a research report on Monday, May 12th. UBS Group reissued a “buy” rating and set a $4.00 price objective (up from $3.50) on shares of Claros Mortgage Trust in a research report on Wednesday, May 21st. Finally, Wells Fargo & Company cut their price objective on shares of Claros Mortgage Trust from $8.00 to $3.00 and set an “underweight” rating on the stock in a research report on Tuesday, February 25th. Two 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. Based on data from MarketBeat.com, Claros Mortgage Trust presently has an average rating of “Hold” and a consensus price target of $3.94.

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.