Denali Advisors LLC Reduces Holdings in Claros Mortgage Trust, Inc. (NYSE:CMTG)

Denali Advisors LLC lowered its holdings in shares of Claros Mortgage Trust, Inc. (NYSE:CMTG) by 18.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,300 shares of the company’s stock after selling 6,800 shares during the period. Denali Advisors LLC’s holdings in Claros Mortgage Trust were worth $399,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of CMTG. Vanguard Group Inc. boosted its stake in Claros Mortgage Trust by 176.7% during the 3rd quarter. Vanguard Group Inc. now owns 10,851,780 shares of the company’s stock worth $127,399,000 after purchasing an additional 6,930,200 shares during the period. State Street Corp acquired a new stake in Claros Mortgage Trust during the 2nd quarter worth $19,780,000. BlackRock Inc. boosted its stake in Claros Mortgage Trust by 12.0% during the 3rd quarter. BlackRock Inc. now owns 7,572,721 shares of the company’s stock worth $88,904,000 after purchasing an additional 812,501 shares during the period. Balyasny Asset Management LLC acquired a new stake in Claros Mortgage Trust during the 3rd quarter worth $4,662,000. Finally, Nuveen Asset Management LLC boosted its stake in Claros Mortgage Trust by 59.9% during the 3rd quarter. Nuveen Asset Management LLC now owns 526,845 shares of the company’s stock worth $6,185,000 after purchasing an additional 197,461 shares during the period. Institutional investors and hedge funds own 89.53% of the company’s stock.

Claros Mortgage Trust Stock Performance

Shares of CMTG stock traded up $0.33 during mid-day trading on Friday, hitting $9.76. The stock had a trading volume of 380,786 shares, compared to its average volume of 285,899. Claros Mortgage Trust, Inc. has a fifty-two week low of $9.06 and a fifty-two week high of $15.25. The firm has a market cap of $1.35 billion, a PE ratio of 488.24 and a beta of 1.58. The company has a debt-to-equity ratio of 2.09, a current ratio of 25.03 and a quick ratio of 25.03. The company’s 50-day simple moving average is $10.29 and its 200-day simple moving average is $11.39.

Claros Mortgage Trust (NYSE:CMTG) last announced its quarterly earnings results on Tuesday, February 20th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.19. The business had revenue of $75.98 million during the quarter, compared to the consensus estimate of $72.79 million. Claros Mortgage Trust had a net margin of 1.97% and a return on equity of 2.01%. Sell-side analysts anticipate that Claros Mortgage Trust, Inc. will post 0.61 earnings per share for the current year.

Claros Mortgage Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.25%. Claros Mortgage Trust’s dividend payout ratio is presently 5,002.50%.

Wall Street Analysts Forecast Growth

CMTG has been the subject of a number of recent research reports. Keefe, Bruyette & Woods decreased their price target on shares of Claros Mortgage Trust from $10.75 to $9.75 and set an “underperform” rating for the company in a research note on Friday, February 23rd. UBS Group reduced their target price on shares of 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. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $10.44.

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.