W Edward Walter Acquires 25,000 Shares of Claros Mortgage Trust (NYSE:CMTG) Stock

Claros Mortgage Trust, Inc. (NYSE:CMTG) Director W Edward Walter bought 25,000 shares of the company’s stock in a transaction on Tuesday, February 24th. The stock was bought at an average cost 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 represents a 357.14% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Claros Mortgage Trust Price Performance

Shares of CMTG traded up $0.03 on Thursday, reaching $2.35. The stock had a trading volume of 314,351 shares, compared to its average volume of 493,639. Claros Mortgage Trust, Inc. has a twelve month low of $2.13 and a twelve month high of $4.30. The firm has a market capitalization of $329.52 million, a PE ratio of -0.67 and a beta of 1.20. The firm has a 50-day moving average of $2.81 and a 200 day moving average of $3.20. The company has a quick ratio of 21.44, a current ratio of 21.44 and a debt-to-equity ratio of 1.72.

Hedge Funds Weigh In On Claros Mortgage Trust

Several institutional investors have recently added to or reduced their stakes in CMTG. BNP Paribas Financial Markets boosted its position in shares of Claros Mortgage Trust by 75.8% in the second quarter. BNP Paribas Financial Markets now owns 8,938 shares of the company’s stock worth $25,000 after acquiring an additional 3,854 shares during the last quarter. Focus Partners Wealth acquired a new stake in shares of Claros Mortgage Trust during the 3rd quarter worth $34,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Claros Mortgage Trust in the 3rd quarter worth $34,000. Mariner LLC acquired a new position in Claros Mortgage Trust in the fourth quarter valued at $38,000. Finally, May Hill Capital LLC purchased a new stake in Claros Mortgage Trust during the second quarter valued at about $39,000. 89.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. UBS Group lowered their price objective on shares of Claros Mortgage Trust from $4.50 to $4.00 and set a “buy” rating on the stock in a research note on Friday, November 14th. Wall Street Zen lowered shares of Claros Mortgage Trust from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. 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 research note on Friday, February 20th. Keefe, Bruyette & Woods reduced their target price on Claros Mortgage Trust from $3.25 to $3.00 and set an “underperform” rating on the stock in a research note on Thursday, January 8th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Claros Mortgage Trust in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $3.17.

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.