Claros Mortgage Trust (NYSE:CMTG) CFO Purchases $42,750.00 in Stock

Claros Mortgage Trust, Inc. (NYSE:CMTG) CFO Mike Mcgillis bought 25,000 shares of the business’s stock in a transaction on Thursday, August 6th. The stock was purchased at an average cost of $1.71 per share, with a total value of $42,750.00. Following the purchase, the chief financial officer owned 749,000 shares of the company’s stock, valued at $1,280,790. This represents a 3.45% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Claros Mortgage Trust Price Performance

Shares of Claros Mortgage Trust stock opened at $1.89 on Thursday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 21.44 and a current ratio of 21.44. Claros Mortgage Trust, Inc. has a 52-week low of $1.66 and a 52-week high of $3.99. The company has a fifty day moving average of $2.26 and a 200-day moving average of $2.40. The stock has a market capitalization of $266.64 million, a price-to-earnings ratio of -0.49 and a beta of 1.16.

Claros Mortgage Trust (NYSE:CMTG) last issued its earnings results on Wednesday, July 29th. The company reported ($0.63) EPS for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.38). The business had revenue of $30.00 million during the quarter, compared to analysts’ expectations of $33.55 million. Claros Mortgage Trust had a negative return on equity of 19.70% and a negative net margin of 354.13%. Equities research analysts expect that Claros Mortgage Trust, Inc. will post -2.67 EPS for the current year.

Analysts Set New Price Targets

CMTG has been the subject of a number of recent research reports. Weiss Ratings lowered Claros Mortgage Trust from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, August 3rd. UBS Group initiated coverage on Claros Mortgage Trust in a research note on Thursday, July 16th. They issued a “neutral” rating and a $2.75 price target on the stock. Keefe, Bruyette & Woods lowered their price objective on Claros Mortgage Trust from $2.50 to $2.15 and set an “underperform” rating for the company in a research report on Tuesday, August 4th. Wall Street Zen lowered Claros Mortgage Trust from a “hold” rating to a “strong sell” rating in a research note on Saturday, August 1st. Finally, Wells Fargo & Company cut their target price on shares of Claros Mortgage Trust from $2.50 to $1.75 and set an “underweight” rating on the stock in a report on Wednesday, August 5th. One analyst has rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Strong Sell” and an average price target of $2.22.

Hedge Funds Weigh In On Claros Mortgage Trust

Several hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE grew its stake in shares of Claros Mortgage Trust by 41.0% in the first quarter. Bank of America Corp DE now owns 108,263 shares of the company’s stock worth $258,000 after purchasing an additional 31,494 shares during the last quarter. Mariner LLC bought a new position in Claros Mortgage Trust during the 4th quarter valued at approximately $38,000. CIBC Asset Management Inc bought a new position in Claros Mortgage Trust during the 4th quarter valued at approximately $48,000. Focus Partners Wealth purchased a new stake in Claros Mortgage Trust in the 3rd quarter worth approximately $34,000. Finally, Tower Research Capital LLC TRC lifted its holdings in Claros Mortgage Trust by 53.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 17,193 shares of the company’s stock worth $49,000 after buying an additional 5,976 shares during the period. 89.53% of the stock is owned by institutional investors.

About Claros Mortgage Trust

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.