Mike Mcgillis Buys 20,000 Shares of Claros Mortgage Trust (NYSE:CMTG) Stock

Claros Mortgage Trust, Inc. (NYSE:CMTG) CFO Mike Mcgillis acquired 20,000 shares of the company’s stock in a transaction dated Monday, March 2nd. The stock was purchased at an average cost of $2.34 per share, with a total value of $46,800.00. Following the completion of the purchase, the chief financial officer directly owned 603,007 shares of the company’s stock, valued at approximately $1,411,036.38. This represents a 3.43% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Claros Mortgage Trust Price Performance

CMTG stock opened at $2.78 on Thursday. The business’s fifty day moving average price is $2.75 and its 200 day moving average price is $3.17. Claros Mortgage Trust, Inc. has a 12-month low of $2.14 and a 12-month high of $4.30. The company has a current ratio of 21.44, a quick ratio of 21.44 and a debt-to-equity ratio of 1.72. The company has a market capitalization of $389.81 million, a PE ratio of -0.80 and a beta of 1.21.

Institutional Investors Weigh In On Claros Mortgage Trust

A number of hedge funds and other institutional investors have recently modified their holdings of CMTG. Vanguard Group Inc. raised its holdings in Claros Mortgage Trust by 2.3% during the third quarter. Vanguard Group Inc. now owns 6,616,998 shares of the company’s stock worth $21,968,000 after purchasing an additional 149,944 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Claros Mortgage Trust by 11.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,621,983 shares of the company’s stock worth $11,083,000 after acquiring an additional 383,859 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Claros Mortgage Trust by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 2,621,926 shares of the company’s stock worth $8,026,000 after purchasing an additional 29,367 shares during the last quarter. Balyasny Asset Management L.P. boosted its stake in Claros Mortgage Trust by 22.9% in the 2nd quarter. Balyasny Asset Management L.P. now owns 1,946,597 shares of the company’s stock worth $5,548,000 after buying an additional 362,130 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its position in shares of Claros Mortgage Trust by 53.9% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,805,395 shares of the company’s stock worth $5,994,000 after acquiring an additional 632,105 shares during the last quarter. 89.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Wells Fargo & Company dropped their price objective on shares of Claros Mortgage Trust from $3.00 to $2.50 and set an “underweight” rating for the company in a report on Friday, February 20th. Weiss Ratings restated a “sell (d)” rating on shares of Claros Mortgage Trust in a research note on Monday, December 29th. UBS Group reduced their price objective on shares of Claros Mortgage Trust from $4.50 to $4.00 and set a “buy” rating for the company in a research report on Friday, November 14th. Wall Street Zen downgraded Claros Mortgage Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Claros Mortgage Trust from $3.00 to $2.50 and set an “underperform” rating for the company in a research note on Monday. One research analyst has rated the stock with a Buy rating and three have given a Sell rating to the company. According to MarketBeat.com, Claros Mortgage Trust currently has an average rating of “Reduce” and a consensus target price of $3.00.

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.