Claros Mortgage Trust (NYSE:CMTG) CFO Mike Mcgillis Buys 20,000 Shares

Claros Mortgage Trust, Inc. (NYSE:CMTG) CFO Mike Mcgillis acquired 20,000 shares of the company’s stock in a transaction dated Monday, March 2nd. The shares were bought at an average cost of $2.34 per share, with a total value of $46,800.00. Following the purchase, the chief financial officer owned 603,007 shares of the company’s stock, valued at approximately $1,411,036.38. This trade represents a 3.43% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Claros Mortgage Trust Stock Up 0.4%

Shares of NYSE CMTG opened at $2.32 on Wednesday. The firm’s fifty day moving average is $2.76 and its 200 day moving average is $3.17. Claros Mortgage Trust, Inc. has a 52 week low of $2.13 and a 52 week high of $4.30. The company has a quick ratio of 21.44, a current ratio of 21.44 and a debt-to-equity ratio of 1.72. The company has a market cap of $325.31 million, a price-to-earnings ratio of -0.66 and a beta of 1.21.

Wall Street Analysts Forecast Growth

CMTG has been the topic of several recent analyst reports. Wells Fargo & Company cut their target price on Claros Mortgage Trust from $3.00 to $2.50 and set an “underweight” rating on the stock in a research note on Friday, February 20th. UBS Group dropped their price target on Claros Mortgage Trust from $4.50 to $4.00 and set a “buy” rating for the company in a research note on Friday, November 14th. Wall Street Zen lowered shares of Claros Mortgage Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. Weiss Ratings reiterated a “sell (d)” rating on shares of Claros Mortgage Trust in a research report on Monday, December 29th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Claros Mortgage Trust from $3.00 to $2.50 and set an “underperform” rating for the company in a report on Monday. One analyst has rated the stock with a Buy rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $3.00.

Institutional Investors Weigh In On Claros Mortgage Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets lifted its holdings in shares of Claros Mortgage Trust by 75.8% during the second quarter. BNP Paribas Financial Markets now owns 8,938 shares of the company’s stock valued at $25,000 after purchasing an additional 3,854 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Claros Mortgage Trust in the 3rd quarter worth about $34,000. Focus Partners Wealth bought a new position in Claros Mortgage Trust in the 3rd quarter worth about $34,000. Mariner LLC purchased a new stake in Claros Mortgage Trust during the 4th quarter valued at about $38,000. Finally, Catalyst Funds Management Pty Ltd purchased a new stake in Claros Mortgage Trust during the 2nd quarter valued at about $41,000. Hedge funds and other institutional investors own 89.53% of the company’s stock.

Claros Mortgage Trust Company Profile

Claros Mortgage Trust is a specialty finance company structured as a real estate investment trust that acquires and manages a portfolio of newly originated, conventional residential mortgage loans guaranteed or insured by U.S. government‐sponsored enterprises. The company concentrates on Agency collateral, including loans backed by Ginnie Mae, Fannie Mae and Freddie Mac, aiming to generate current income while preserving capital through high‐quality, credit‐enhanced assets.

Under an external management agreement with Claros Mortgage Capital Advisors LLC, the firm leverages a seasoned team to source, underwrite and service mortgage assets.