Claros Mortgage Trust (NYSE:CMTG) Director Acquires $57,000.00 in Stock

Claros Mortgage Trust, Inc. (NYSE:CMTG) Director W Edward Walter purchased 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The shares were bought at an average price of $2.28 per share, with a total value of $57,000.00. Following the completion of the acquisition, the director owned 32,000 shares of the company’s stock, valued at $72,960. This trade represents a 357.14% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Claros Mortgage Trust Stock Up 1.9%

Claros Mortgage Trust stock opened at $2.40 on Friday. Claros Mortgage Trust, Inc. has a twelve month low of $2.13 and a twelve month high of $4.30. The company has a debt-to-equity ratio of 1.72, a quick ratio of 21.44 and a current ratio of 21.44. The firm has a market cap of $335.83 million, a PE ratio of -0.69 and a beta of 1.20. The firm’s 50 day moving average price is $2.79 and its two-hundred day moving average price is $3.19.

Analyst Upgrades and Downgrades

CMTG has been the subject of a number of recent research reports. Keefe, Bruyette & Woods cut their price target on Claros Mortgage Trust from $3.25 to $3.00 and set an “underperform” rating for the company in a research note on Thursday, January 8th. UBS Group dropped their price objective on Claros Mortgage Trust from $4.50 to $4.00 and set a “buy” rating on the stock in a report on Friday, November 14th. Wall Street Zen cut shares of Claros Mortgage Trust from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. Weiss Ratings reissued a “sell (d)” rating on shares of Claros Mortgage Trust in a research report on Monday, December 29th. Finally, Wells Fargo & Company cut their price target on shares of Claros Mortgage Trust from $3.00 to $2.50 and set an “underweight” rating on the stock in a report on Friday, February 20th. One analyst has rated the stock with a Buy rating and three have given a Sell rating to the stock. According to MarketBeat.com, Claros Mortgage Trust presently has a consensus rating of “Reduce” and an average price target of $3.17.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets boosted its holdings in Claros Mortgage Trust by 75.8% during the second 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 during the period. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Claros Mortgage Trust during the 3rd quarter worth about $34,000. Focus Partners Wealth acquired a new position in shares of Claros Mortgage Trust during the 3rd quarter worth about $34,000. Mariner LLC bought a new stake in Claros Mortgage Trust during the 4th quarter valued at approximately $38,000. Finally, May Hill Capital LLC acquired a new stake in Claros Mortgage Trust in the 2nd quarter valued at approximately $39,000. Institutional investors and hedge funds own 89.53% of the company’s stock.

Claros Mortgage Trust Company Profile

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.