Avantax Advisory Services Inc. Buys Shares of 16,470 Claros Mortgage Trust, Inc. (NYSE:CMTG)

Avantax Advisory Services Inc. bought a new stake in shares of Claros Mortgage Trust, Inc. (NYSE:CMTG) during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 16,470 shares of the company’s stock, valued at approximately $61,000.

Other large investors have also recently bought and sold shares of the company. Koch Inc. acquired a new stake in Claros Mortgage Trust during the 4th quarter valued at $68,374,000. JPMorgan Chase & Co. grew its holdings in Claros Mortgage Trust by 35.5% during the 4th quarter. JPMorgan Chase & Co. now owns 649,674 shares of the company’s stock valued at $2,937,000 after buying an additional 170,244 shares during the last quarter. Millennium Management LLC grew its holdings in Claros Mortgage Trust by 38.4% during the 4th quarter. Millennium Management LLC now owns 135,388 shares of the company’s stock valued at $612,000 after buying an additional 37,548 shares during the last quarter. Deutsche Bank AG boosted its holdings in shares of Claros Mortgage Trust by 51.3% during the fourth quarter. Deutsche Bank AG now owns 82,198 shares of the company’s stock worth $372,000 after purchasing an additional 27,856 shares during the last quarter. Finally, BNP Paribas Financial Markets acquired a new stake in shares of Claros Mortgage Trust during the fourth quarter worth $46,000. Institutional investors and hedge funds own 89.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CMTG. UBS Group restated a “buy” rating and set a $4.00 price objective (up previously from $3.50) on shares of Claros Mortgage Trust in a report on Wednesday, May 21st. Keefe, Bruyette & Woods raised their price objective on Claros Mortgage Trust from $2.25 to $2.75 and gave the stock an “underperform” rating in a report on Thursday, July 10th.

Claros Mortgage Trust Price Performance

CMTG stock opened at $3.36 on Monday. Claros Mortgage Trust, Inc. has a 52-week low of $2.13 and a 52-week high of $8.60. The stock’s fifty day simple moving average is $3.05 and its 200-day simple moving average is $2.97. The company has a quick ratio of 30.23, a current ratio of 30.23 and a debt-to-equity ratio of 1.92. The stock has a market capitalization of $469.80 million, a price-to-earnings ratio of -1.13 and a beta of 1.21.

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.