Penserra Capital Management LLC Grows Stock Holdings in Claros Mortgage Trust, Inc. (NYSE:CMTG)

Penserra Capital Management LLC lifted its position in shares of Claros Mortgage Trust, Inc. (NYSE:CMTG) by 22.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 134,542 shares of the company’s stock after purchasing an additional 25,110 shares during the period. Penserra Capital Management LLC owned 0.10% of Claros Mortgage Trust worth $1,007,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in Claros Mortgage Trust by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 11,455,904 shares of the company’s stock worth $111,810,000 after buying an additional 30,377 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Claros Mortgage Trust by 15.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,402,648 shares of the company’s stock valued at $10,506,000 after acquiring an additional 188,950 shares in the last quarter. Waterfall Asset Management LLC purchased a new stake in Claros Mortgage Trust in the second quarter worth $4,448,000. Bank of New York Mellon Corp boosted its holdings in Claros Mortgage Trust by 9.9% in the second quarter. Bank of New York Mellon Corp now owns 408,766 shares of the company’s stock valued at $3,278,000 after acquiring an additional 36,911 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in Claros Mortgage Trust by 9.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 81,059 shares of the company’s stock valued at $792,000 after purchasing an additional 7,062 shares during the period. 89.53% of the stock is owned by institutional investors.

Claros Mortgage Trust Trading Up 3.0 %

Shares of NYSE CMTG opened at $6.79 on Thursday. Claros Mortgage Trust, Inc. has a 1 year low of $6.08 and a 1 year high of $15.25. The company has a debt-to-equity ratio of 2.11, a current ratio of 20.68 and a quick ratio of 20.68. The firm has a 50-day moving average of $6.86 and a 200 day moving average of $7.77. The stock has a market cap of $946.25 million, a P/E ratio of -10.78 and a beta of 1.51.

Analyst Ratings Changes

Several equities research analysts have recently commented on CMTG shares. Wells Fargo & Company cut shares of Claros Mortgage Trust from an “equal weight” rating to an “underweight” rating and set a $8.00 target price for the company. in a research report on Friday, September 20th. Keefe, Bruyette & Woods raised their price objective on shares of Claros Mortgage Trust from $6.75 to $7.25 and gave the stock an “underperform” rating in a report on Tuesday, November 12th. JPMorgan Chase & Co. reduced their target price on Claros Mortgage Trust from $9.00 to $6.50 and set a “neutral” rating on the stock in a report on Thursday, October 17th. Finally, UBS Group lowered their target price on Claros Mortgage Trust from $8.50 to $8.00 and set a “neutral” rating for the company in a research note on Friday, November 15th. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $7.44.

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.