Squarepoint Ops LLC Purchases Shares of 10,216 Claros Mortgage Trust, Inc. (NYSE:CMTG)

Squarepoint Ops LLC purchased a new stake in shares of Claros Mortgage Trust, Inc. (NYSE:CMTG) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 10,216 shares of the company’s stock, valued at approximately $46,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. SG Americas Securities LLC increased its stake in Claros Mortgage Trust by 18.4% during the fourth quarter. SG Americas Securities LLC now owns 23,769 shares of the company’s stock worth $107,000 after acquiring an additional 3,694 shares during the last quarter. Arlington Trust Co LLC acquired a new position in shares of Claros Mortgage Trust in the 4th quarter valued at $43,000. Blue Trust Inc. grew its position in Claros Mortgage Trust by 501.4% during the 4th quarter. Blue Trust Inc. now owns 32,509 shares of the company’s stock worth $147,000 after purchasing an additional 27,103 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of 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 worth $2,571,000 after acquiring an additional 217,989 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of Claros Mortgage Trust during the 4th quarter worth about $78,000. 89.53% of the stock is owned by institutional investors.

Claros Mortgage Trust Trading Up 0.5%

Shares of Claros Mortgage Trust stock opened at $3.00 on Wednesday. Claros Mortgage Trust, Inc. has a 52-week low of $2.13 and a 52-week high of $9.81. 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’s 50-day simple moving average is $2.54 and its 200-day simple moving average is $3.54. The firm has a market cap of $418.68 million, a price-to-earnings ratio of -1.88 and a beta of 1.17.

Claros Mortgage Trust (NYSE:CMTG) last issued its earnings results on Wednesday, May 7th. The company reported ($0.25) earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $44.50 million for the quarter, compared to analyst estimates of $41.91 million. As a group, equities research analysts anticipate that Claros Mortgage Trust, Inc. will post 0.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Wells Fargo & Company decreased their price target on shares of Claros Mortgage Trust from $8.00 to $3.00 and set an “underweight” rating on the stock in a research note on Tuesday, February 25th. UBS Group reaffirmed a “buy” rating and set a $4.00 price target (up previously from $3.50) on shares of Claros Mortgage Trust in a research report on Wednesday, May 21st. Finally, 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. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price 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.