MetLife Investment Management LLC Has $197,000 Stock Position in Claros Mortgage Trust, Inc. $CMTG

MetLife Investment Management LLC grew its position in Claros Mortgage Trust, Inc. (NYSE:CMTG) by 10.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 52,762 shares of the company’s stock after buying an additional 5,016 shares during the period. MetLife Investment Management LLC’s holdings in Claros Mortgage Trust were worth $197,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CMTG. BNP Paribas Financial Markets bought a new stake in shares of Claros Mortgage Trust during the 4th quarter valued at $46,000. Squarepoint Ops LLC bought a new stake in shares of Claros Mortgage Trust during the 4th quarter valued at $46,000. Avantax Advisory Services Inc. bought a new stake in shares of Claros Mortgage Trust during the 1st quarter valued at $61,000. MQS Management LLC bought a new stake in shares of Claros Mortgage Trust during the 1st quarter valued at $63,000. Finally, Brevan Howard Capital Management LP bought a new stake in shares of Claros Mortgage Trust during the 4th quarter valued at $75,000. Institutional investors own 89.53% of the company’s stock.

Wall Street Analyst Weigh In

CMTG has been the subject of several recent research reports. 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 research report on Wednesday, May 21st. Keefe, Bruyette & Woods upped their target price on shares of Claros Mortgage Trust from $2.75 to $3.00 and gave the company an “underperform” rating in a research report on Tuesday, August 12th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $4.13.

Claros Mortgage Trust Stock Performance

CMTG stock opened at $3.76 on Wednesday. The business’s 50-day moving average price is $3.29 and its two-hundred day moving average price is $3.01. 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 firm has a market cap of $525.72 million, a PE ratio of -1.26 and a beta of 1.24. Claros Mortgage Trust, Inc. has a 1-year low of $2.13 and a 1-year high of $8.60.

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.