Claros Mortgage Trust (NYSE:CMTG) Shares Gap Down to $9.14

Shares of Claros Mortgage Trust, Inc. (NYSE:CMTG) gapped down prior to trading on Tuesday . The stock had previously closed at $9.14, but opened at $8.85. Claros Mortgage Trust shares last traded at $8.85, with a volume of 6,911 shares.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Keefe, Bruyette & Woods cut their price objective on Claros Mortgage Trust from $9.75 to $9.50 and set an “underperform” rating for the company in a report on Wednesday, April 10th. UBS Group cut their price target on 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. Finally, JPMorgan Chase & Co. lowered 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 research note on Wednesday, April 10th.

Claros Mortgage Trust Stock Down 8.2 %

The company has a quick ratio of 25.03, a current ratio of 25.03 and a debt-to-equity ratio of 2.09. The company has a fifty day simple moving average of $9.32 and a 200-day simple moving average of $10.98. The firm has a market cap of $1.16 billion, a P/E ratio of 424.21 and a beta of 1.59.

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

Claros Mortgage Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 11.92%. Claros Mortgage Trust’s dividend payout ratio (DPR) is presently 5,002.50%.

Institutional Investors Weigh In On Claros Mortgage Trust

A number of institutional investors and hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC grew its position in shares of Claros Mortgage Trust by 32.2% during the first quarter. SG Americas Securities LLC now owns 10,891 shares of the company’s stock worth $106,000 after purchasing an additional 2,651 shares in the last quarter. Principal Financial Group Inc. bought a new stake in shares of Claros Mortgage Trust during the third quarter valued at approximately $149,000. Victory Capital Management Inc. raised its position in shares of Claros Mortgage Trust by 22.7% during the fourth quarter. Victory Capital Management Inc. now owns 17,353 shares of the company’s stock valued at $237,000 after buying an additional 3,209 shares during the last quarter. Handelsbanken Fonder AB lifted its holdings in shares of Claros Mortgage Trust by 90.0% in the fourth quarter. Handelsbanken Fonder AB now owns 24,700 shares of the company’s stock worth $337,000 after buying an additional 11,700 shares in the last quarter. Finally, Deutsche Bank AG boosted its position in shares of Claros Mortgage Trust by 15.1% during the third quarter. Deutsche Bank AG now owns 44,383 shares of the company’s stock worth $492,000 after acquiring an additional 5,810 shares during the last quarter. 89.53% of the stock is owned by institutional investors.

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.