Vanguard Group, Inc. announced in its latest 13F filing with the SEC that it increased its holdings in Claros Mortgage Trust (NYSE:CMTG – free report ) by 0.5% during the fourth quarter. The institutional investor bought an additional 55,256 shares during the quarter, bringing its holdings to 11,425,527 shares of the company's stock. Vanguard Group, Inc. held 8.24% of Claros Mortgage Trust worth $155.73 million as of the latest filing with the SEC.
A number of other hedge funds and institutional investors have also recently modified their positions in the business. Goldman Sachs Group Inc. increased its holdings in shares of Claros Mortgage Trust by 11,644.8% in the fourth quarter. The Goldman Sachs Group Inc. now owns 14,609,072 shares of the company's stock, valued at $199,122,000, after purchasing an additional 14,484,684 shares during the period. Charles Schwab Investment Management LLC increased its holdings in shares of Claros Mortgage Trust by 1.5% in the fourth quarter. Charles Schwab Investment Management LLC now owns 871,156 shares of the company's stock, valued at $11,874,000, after acquiring an additional 13,165 shares during the period. Victory Capital Management Inc. increased its holdings in Claros Mortgage Trust by 22.7% during the fourth quarter. Victory Capital Management Inc. now holds 17,353 shares of the company's stock, valued at $237,000, after purchasing an additional 3,209 shares in the last quarter. Van ECK Associates Corp increased its holdings in Claros Mortgage Trust by 1.7% during the fourth quarter. Van ECK Associates Corp now holds 322,173 shares of the company's stock, valued at $4,391,000, after purchasing an additional 5,465 shares in the last quarter. Finally, Handelsbanken Fonder AB increased its holdings in Claros Mortgage Trust by 90.0% during the fourth quarter. Handelsbanken Fonder AB now holds 24,700 shares of the company's stock valued at $337,000 after purchasing an additional 11,700 shares in the last quarter. 89.53% of the stock is held by institutional investors.
Analysts Set New Price Targets
CMTG has been the topic of several analyst reports. Keefe, Bruyette & Woods lowered their price target on Claros Mortgage Trust from $9.75 to $9.50 and gave the stock an “underperform” rating in a research note on Wednesday, April 10th. JMP Securities reaffirmed their “market perform” rating on Claros Mortgage Trust in a report on Tuesday, June 11th. JPMorgan Chase & Co. lowered their price target on Claros Mortgage Trust from $11.00 to $9.50 and gave the stock a “neutral” rating in a research note on Wednesday, April 10th. Wells Fargo & Company lowered their price objective on Claros Mortgage Trust from $11.00 to $9.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 8th. Finally, UBS Group lowered their price objective on Claros Mortgage Trust from $11.50 to $10.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 20th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating. According to MarketBeat data, Claros Mortgage Trust has an average rating of “hold” and an average price objective of $9.50.
Get the latest research report on CMTG
Insider Trading at Claros Mortgage Trust
In other news related to Claros Mortgage Trust, Director Vincent Tese purchased 5,000 shares of the company's stock in a transaction on Thursday, May 23rd. The shares were acquired at an average price of $7.26 per share, for a total value of $36,300.00. Following the purchase, the director now owns 6,000 shares of the company's stock, valued at approximately $43,560. The purchase was disclosed in a legal filing with the Securities and Exchange Commission, which can be accessed through this link. In related news, Director Vincent Tese purchased 5,000 shares of the company's stock in a transaction on Thursday, May 23rd. The shares were acquired at an average price of $7.26 per share, for a total value of $36,300.00. Following the completion of the purchase, the director now owns 6,000 shares of the company's stock, valued at approximately $43,560. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Additionally, CEO Richard Mack acquired 116,000 shares of the company's stock in a transaction on Tuesday, May 28th. The shares were purchased at an average price of $7.18 per share, for a total value of $832,880.00. With this transaction, the CEO now directly owns 2,551,853 shares of the company's stock, valued at $18,322,304.54. The disclosure for this purchase can be found here. In the last three months, insiders have purchased a total of 193,000 shares of the company's stock for $1,393,140. 1.40% of the stock is now owned by company insiders.
Claros Mortgage Trust shares fell 0.2%
NYSE:CMTG opened at $8.01 on Friday. The company has a quick ratio of 26.27, a current ratio of 26.27 and a debt-to-equity ratio of 2.07. Claros Mortgage Trust, Inc. has a 12-month low of $6.80 and a 12-month high of $15.25. The stock's 50-day simple moving average is $8.22 and its 200-day simple moving average is $9.93. The company has a market cap of $1.11 billion, a P/E ratio of -12.92 and a beta of 1.52.
Claros Mortgage Trust (NYSE:CMTG – get free report ) released its latest earnings results on Monday, May 6th. The company reported quarterly earnings per share (EPS) of $0.20, beating analysts' consensus estimates of $0.16 by $0.04. The company had revenue of $58.83 million for the quarter, compared to analysts' estimates of $63.64 million. Claros Mortgage Trust has a positive ROE of 1.51% and a negative net margin of 28.16%. Equity research analysts expect Claros Mortgage Trust, Inc. to post earnings per share of $0.14 for the current year.
Claros Mortgage Trust Dividend Announcement
The company also recently declared a quarterly dividend, which is scheduled to be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a $0.25 dividend. The ex-dividend date for this dividend is Friday, June 28th. This equates to an annualized dividend of $1.00 and a yield of 12.48%. Claros Mortgage Trust's Dividend Payout Ratio (DPR) is currently -161.29%.
Claros Mortgage Trust Profile
(Free report)
Claros Mortgage Trust, Inc operates as a real estate investment trust. The company focuses on originating senior and subordinated 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, the portion of its net income distributed to shareholders is not subject to corporate income taxes.
References
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