Insider Buying: Claros Mortgage Trust, Inc. (NYSE:CMTG) Director Buys $36,300.00 in Stock

Claros Mortgage Trust, Inc. (NYSE:CMTG) Director Vincent Tese purchased 5,000 shares of the business’s stock in a transaction dated Thursday, May 23rd. The stock was bought at an average price of $7.26 per share, for a total transaction of $36,300.00. Following the completion of the acquisition, the director now owns 6,000 shares of the company’s stock, valued at approximately $43,560. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Vincent Tese also recently made the following trade(s):

• On Tuesday, May 21st, Vincent Tese bought 1,000 shares of Claros Mortgage Trust stock. The shares were acquired at an average price of $8.24 per share, for a total transaction of $8,240.00.

Claros Mortgage Trust Stock Up 0.3 %

NYSE:CMTG opened at $7.27 on Friday. Claros Mortgage Trust, Inc. has a fifty-two week low of $7.14 and a fifty-two week high of $15.25. The stock has a market capitalization of $1.01 billion, a P/E ratio of -11.73 and a beta of 1.59. The company has a debt-to-equity ratio of 2.07, a quick ratio of 26.27 and a current ratio of 26.27. The company’s 50-day simple moving average is $8.92 and its 200-day simple moving average is $10.76.

Claros Mortgage Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 13.76%. The ex-dividend date of this dividend was Wednesday, March 27th. Claros Mortgage Trust’s dividend payout ratio is currently -161.29%.

Analyst Ratings Changes

Several brokerages have issued reports on CMTG. JPMorgan Chase & Co. dropped their target price 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. UBS Group dropped their target price on shares of Claros Mortgage Trust from $11.50 to $10.00 and set a “neutral” rating on the stock in a report on Wednesday, March 20th. Wells Fargo & Company dropped their target price on shares of Claros Mortgage Trust from $11.00 to $9.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 8th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Claros Mortgage Trust from $9.75 to $9.50 and set an “underperform” rating on the stock in a report on Wednesday, April 10th.

Institutional Trading of Claros Mortgage Trust

A number of institutional investors have recently modified their holdings of the company. SG Americas Securities LLC raised its position in shares of Claros Mortgage Trust by 32.2% in the 1st quarter. SG Americas Securities LLC now owns 10,891 shares of the company’s stock valued at $106,000 after purchasing an additional 2,651 shares during the last quarter. Covestor Ltd raised its position in shares of Claros Mortgage Trust by 349.4% in the 1st quarter. Covestor Ltd now owns 10,897 shares of the company’s stock valued at $106,000 after purchasing an additional 8,472 shares during the last quarter. MQS Management LLC purchased a new position in shares of Claros Mortgage Trust in the 1st quarter valued at approximately $128,000. Principal Financial Group Inc. purchased a new position in shares of Claros Mortgage Trust in the 3rd quarter valued at approximately $149,000. Finally, Lazard Asset Management LLC purchased a new position in shares of Claros Mortgage Trust in the 1st quarter valued at approximately $140,000. 89.53% of the stock is currently 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.