Van ECK Associates Corp Acquires 5,465 Shares of Claros Mortgage Trust, Inc. (NYSE:CMTG)

Van ECK Associates Corp boosted its holdings in shares of Claros Mortgage Trust, Inc. (NYSE:CMTG) by 1.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 322,173 shares of the company’s stock after acquiring an additional 5,465 shares during the quarter. Van ECK Associates Corp owned 0.23% of Claros Mortgage Trust worth $4,391,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Claros Mortgage Trust by 0.8% during the third quarter. Vanguard Group Inc. now owns 11,370,271 shares of the company’s stock valued at $125,983,000 after acquiring an additional 91,413 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Claros Mortgage Trust by 2.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 857,991 shares of the company’s stock worth $9,507,000 after buying an additional 18,609 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Claros Mortgage Trust by 4.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 393,169 shares of the company’s stock worth $4,356,000 after buying an additional 15,895 shares during the period. New York State Common Retirement Fund grew its position in shares of Claros Mortgage Trust by 28.9% during the 3rd quarter. New York State Common Retirement Fund now owns 74,041 shares of the company’s stock worth $820,000 after buying an additional 16,602 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D purchased a new position in shares of Claros Mortgage Trust during the third quarter valued at $710,000. Institutional investors own 89.53% of the company’s stock.

Claros Mortgage Trust Stock Performance

CMTG stock opened at $9.29 on Monday. Claros Mortgage Trust, Inc. has a one year low of $8.37 and a one year high of $15.25. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 464.73 and a beta of 1.59. The company has a debt-to-equity ratio of 2.09, a quick ratio of 25.03 and a current ratio of 25.03. The firm has a 50-day simple moving average of $9.32 and a two-hundred day simple moving average of $10.99.

Claros Mortgage Trust (NYSE:CMTG) last posted its quarterly earnings data on Tuesday, February 20th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.12 by $0.19. The firm had revenue of $75.98 million during the quarter, compared to analyst estimates of $72.79 million. Claros Mortgage Trust had a net margin of 1.97% and a return on equity of 2.01%. On average, equities analysts forecast that Claros Mortgage Trust, Inc. will post 0.66 EPS for the current fiscal year.

Claros Mortgage Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were paid a dividend of $0.25 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.00 annualized dividend and a yield of 10.76%. Claros Mortgage Trust’s dividend payout ratio (DPR) is 5,002.50%.

Analyst Ratings Changes

A number of analysts recently weighed in on CMTG shares. UBS Group lowered their price objective on shares of Claros Mortgage Trust from $11.50 to $10.00 and set a “neutral” rating for the company in a research note on Wednesday, March 20th. Keefe, Bruyette & Woods dropped their price objective on shares of Claros Mortgage Trust from $9.75 to $9.50 and set an “underperform” rating on the stock in a research note on Wednesday, April 10th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Claros Mortgage Trust from $11.00 to $9.50 and set a “neutral” rating on the stock in a report on Wednesday, April 10th.

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.