Invesco Ltd. Trims Holdings in Claros Mortgage Trust, Inc. $CMTG

Invesco Ltd. lessened its holdings in shares of Claros Mortgage Trust, Inc. (NYSE:CMTG) by 9.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 201,069 shares of the company’s stock after selling 20,433 shares during the period. Invesco Ltd. owned about 0.14% of Claros Mortgage Trust worth $750,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Koch Inc. purchased a new position in Claros Mortgage Trust during the 4th quarter valued at about $68,374,000. Charles Schwab Investment Management Inc. increased its holdings in Claros Mortgage Trust by 31.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,203,104 shares of the company’s stock valued at $8,218,000 after purchasing an additional 523,403 shares during the period. Avantax Advisory Services Inc. purchased a new position in Claros Mortgage Trust during the 1st quarter valued at about $61,000. Millennium Management LLC increased 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 purchasing an additional 37,548 shares during the period. Finally, Deutsche Bank AG increased its holdings in Claros Mortgage Trust by 51.3% during the 4th quarter. Deutsche Bank AG now owns 82,198 shares of the company’s stock valued at $372,000 after purchasing an additional 27,856 shares during the period. Hedge funds and other institutional investors own 89.53% of the company’s stock.

Wall Street Analyst Weigh In

CMTG has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods upped their target price on Claros Mortgage Trust from $2.75 to $3.00 and gave the stock an “underperform” rating in a report on Tuesday, August 12th. UBS Group reiterated a “buy” rating and set a $4.00 target price (up previously from $3.50) on shares of Claros Mortgage Trust in a report on Wednesday, May 21st. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Claros Mortgage Trust has a consensus rating of “Reduce” and an average target price of $4.13.

Claros Mortgage Trust Stock Performance

CMTG stock opened at $3.70 on Thursday. The stock has a market capitalization of $516.63 million, a PE ratio of -1.24 and a beta of 1.24. Claros Mortgage Trust, Inc. has a 12-month low of $2.13 and a 12-month high of $8.60. The company has a current ratio of 30.23, a quick ratio of 30.23 and a debt-to-equity ratio of 1.92. The stock’s 50 day simple moving average is $3.22 and its 200 day simple moving average is $2.99.

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.