Mike Mcgillis Acquires 25,000 Shares of Claros Mortgage Trust (NYSE:CMTG) Stock

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

Claros Mortgage Trust Stock Down 8.2%

Shares of CMTG traded down $0.16 during midday trading on Monday, hitting $1.78. The stock had a trading volume of 456,696 shares, compared to its average volume of 569,022. The firm has a market cap of $251.12 million, a price-to-earnings ratio of -0.46 and a beta of 1.16. The company has a 50 day simple moving average of $2.30 and a two-hundred day simple moving average of $2.42. The company has a debt-to-equity ratio of 1.81, a current ratio of 21.44 and a quick ratio of 21.44. Claros Mortgage Trust, Inc. has a twelve month low of $1.66 and a twelve month high of $3.99.

Claros Mortgage Trust (NYSE:CMTG) last released its quarterly earnings results on Wednesday, July 29th. The company reported ($0.63) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.38). The firm had revenue of $30.00 million for the quarter, compared to analyst estimates of $33.55 million. Claros Mortgage Trust had a negative return on equity of 19.70% and a negative net margin of 354.13%. On average, analysts anticipate that Claros Mortgage Trust, Inc. will post -2.67 EPS for the current year.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Claros Mortgage Trust

Hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets increased its stake in shares of Claros Mortgage Trust by 75.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 8,938 shares of the company’s stock valued at $25,000 after acquiring an additional 3,854 shares in the last quarter. Focus Partners Wealth purchased a new stake in shares of Claros Mortgage Trust in the third quarter worth approximately $34,000. Mariner LLC purchased a new position in Claros Mortgage Trust during the 4th quarter worth $38,000. Jump Financial LLC purchased a new position in Claros Mortgage Trust during the second quarter worth about $44,000. Finally, Hsbc Holdings PLC bought a new position in shares of Claros Mortgage Trust in the first quarter valued at approximately $37,000. 89.53% of the stock is currently 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.