Zacks Investment Management Cuts Stock Holdings in Claros Mortgage Trust, Inc. (NYSE:CMTG)

Zacks Investment Management lessened its holdings in Claros Mortgage Trust, Inc. (NYSE:CMTG) by 8.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 303,272 shares of the company’s stock after selling 28,593 shares during the quarter. Zacks Investment Management owned 0.22% of Claros Mortgage Trust worth $1,371,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CMTG. XTX Topco Ltd purchased a new stake in shares of Claros Mortgage Trust in the fourth quarter valued at approximately $100,000. Barclays PLC lifted its holdings in Claros Mortgage Trust by 10.9% in the fourth quarter. Barclays PLC now owns 153,299 shares of the company’s stock valued at $693,000 after acquiring an additional 15,008 shares during the period. Townsquare Capital LLC purchased a new stake in shares of Claros Mortgage Trust during the 4th quarter worth $46,000. Envestnet Asset Management Inc. acquired a new position in shares of Claros Mortgage Trust during the 4th quarter worth $47,000. Finally, Wells Fargo & Company MN increased its holdings in shares of Claros Mortgage Trust by 27.8% in the 4th quarter. Wells Fargo & Company MN now owns 50,668 shares of the company’s stock valued at $229,000 after purchasing an additional 11,036 shares in the last quarter. Institutional investors and hedge funds own 89.53% of the company’s stock.

Insider Activity at Claros Mortgage Trust

In other news, CEO Richard Mack purchased 115,000 shares of the stock in a transaction dated Monday, March 10th. The stock was acquired at an average cost of $3.19 per share, for a total transaction of $366,850.00. Following the completion of the acquisition, the chief executive officer now directly owns 2,564,981 shares in the company, valued at $8,182,289.39. This represents a 4.69 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Mike Mcgillis acquired 24,115 shares of the business’s stock in a transaction dated Wednesday, March 12th. The stock was purchased at an average cost of $3.30 per share, with a total value of $79,579.50. Following the transaction, the chief financial officer now owns 475,945 shares of the company’s stock, valued at approximately $1,570,618.50. The trade was a 5.34 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders bought 169,115 shares of company stock valued at $547,930. 1.40% of the stock is owned by insiders.

Claros Mortgage Trust Trading Up 4.7 %

Shares of CMTG opened at $2.38 on Friday. The company has a debt-to-equity ratio of 2.08, a current ratio of 25.67 and a quick ratio of 20.68. Claros Mortgage Trust, Inc. has a 1-year low of $2.13 and a 1-year high of $9.81. The stock has a market cap of $331.13 million, a price-to-earnings ratio of -1.49 and a beta of 1.12. The firm has a 50 day simple moving average of $3.07 and a 200-day simple moving average of $4.60.

Claros Mortgage Trust (NYSE:CMTG) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.03. Claros Mortgage Trust had a positive return on equity of 4.72% and a negative net margin of 89.07%. The company had revenue of $60.23 million during the quarter, compared to analysts’ expectations of $58.07 million. Equities analysts forecast that Claros Mortgage Trust, Inc. will post 0.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CMTG has been the topic of a number of research analyst reports. Wells Fargo & Company decreased 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 report on Tuesday, February 25th. UBS Group lowered their price target on Claros Mortgage Trust from $5.25 to $3.50 and set a “buy” rating on the stock in a report on Wednesday. Finally, Keefe, Bruyette & Woods reduced their price objective on Claros Mortgage Trust from $4.00 to $2.50 and set an “underperform” rating for the company in a report on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $3.88.

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.