Claros Mortgage Trust, Inc. (NYSE:CMTG) CEO Richard Mack Purchases 25,000 Shares

Claros Mortgage Trust, Inc. (NYSE:CMTG) CEO Richard Mack acquired 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The stock was acquired at an average price of $3.38 per share, for a total transaction of $84,500.00. Following the completion of the transaction, the chief executive officer now directly owns 2,589,981 shares in the company, valued at approximately $8,754,135.78. This represents a 0.97 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Richard Mack also recently made the following trade(s):

• On Monday, March 10th, Richard Mack purchased 115,000 shares of Claros Mortgage Trust stock. The stock was acquired at an average price of $3.19 per share, for a total transaction of $366,850.00.

Claros Mortgage Trust Price Performance

Claros Mortgage Trust stock opened at $4.00 on Friday. Claros Mortgage Trust, Inc. has a 1 year low of $2.13 and a 1 year high of $10.05. The company has a debt-to-equity ratio of 2.08, a quick ratio of 20.68 and a current ratio of 25.67. The firm has a 50 day moving average price of $3.28 and a 200 day moving average price of $5.45. The company has a market cap of $556.76 million, a price-to-earnings ratio of -2.51 and a beta of 1.62.

Claros Mortgage Trust (NYSE:CMTG) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.03. Claros Mortgage Trust had a positive return on equity of 4.72% and a negative net margin of 89.07%. The business had revenue of $60.23 million for the quarter, compared to analyst estimates of $58.07 million. Sell-side analysts predict that Claros Mortgage Trust, Inc. will post 0.27 earnings per share for the current year.

Wall Street Analyst Weigh In

CMTG has been the subject of several recent research reports. Wells Fargo & Company dropped their price target on Claros Mortgage Trust from $8.00 to $3.00 and set an “underweight” rating for the company in a research report on Tuesday, February 25th. Keefe, Bruyette & Woods reduced their target price on shares of Claros Mortgage Trust from $4.00 to $2.50 and set an “underperform” rating on the stock in a report on Thursday, February 27th. Finally, UBS Group reduced their price objective on shares of Claros Mortgage Trust from $6.00 to $5.25 and set a “buy” rating on the stock in a research note on Tuesday, February 25th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $4.31.

Hedge Funds Weigh In On Claros Mortgage Trust

Several hedge funds and other institutional investors have recently bought and sold shares of CMTG. SG Americas Securities LLC grew its holdings in Claros Mortgage Trust by 18.4% during the 4th quarter. SG Americas Securities LLC now owns 23,769 shares of the company’s stock valued at $107,000 after purchasing an additional 3,694 shares in the last quarter. Sei Investments Co. increased its position in shares of Claros Mortgage Trust by 19.0% during the fourth quarter. Sei Investments Co. now owns 23,828 shares of the company’s stock worth $108,000 after acquiring an additional 3,800 shares during the last quarter. Atria Investments Inc lifted its stake in shares of Claros Mortgage Trust by 29.2% in the third quarter. Atria Investments Inc now owns 25,743 shares of the company’s stock worth $193,000 after acquiring an additional 5,823 shares in the last quarter. State Street Corp grew its stake in Claros Mortgage Trust by 0.3% during the 3rd quarter. State Street Corp now owns 2,165,863 shares of the company’s stock valued at $16,436,000 after purchasing an additional 6,882 shares in the last quarter. Finally, ProShare Advisors LLC raised its position in shares of Claros Mortgage Trust by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 24,311 shares of the company’s stock valued at $110,000 after purchasing an additional 7,999 shares in the last quarter. 89.53% of the stock is owned by institutional investors and hedge funds.

Claros Mortgage Trust Company Profile

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.