Claros Mortgage Trust (NYSE:CMTG) CFO Mike Mcgillis Acquires 25,000 Shares

Claros Mortgage Trust, Inc. (NYSE:CMTG) CFO Mike Mcgillis purchased 25,000 shares of the business’s stock in a transaction dated Thursday, August 6th. The shares were purchased at an average price of $1.71 per share, for a total transaction of $42,750.00. Following the acquisition, the chief financial officer directly owned 749,000 shares of the company’s stock, valued at $1,280,790. This trade represents a 3.45% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Claros Mortgage Trust Trading Down 8.2%

Claros Mortgage Trust stock opened at $1.78 on Tuesday. The company has a 50 day moving average price of $2.28 and a 200 day moving average price of $2.41. Claros Mortgage Trust, Inc. has a 52 week low of $1.66 and a 52 week high of $3.99. The company has a debt-to-equity ratio of 1.81, a quick ratio of 21.44 and a current ratio of 21.44. The firm has a market capitalization of $251.12 million, a price-to-earnings ratio of -0.46 and a beta of 1.16.

Claros Mortgage Trust (NYSE:CMTG) last announced its earnings results on Wednesday, July 29th. The company reported ($0.63) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.38). The firm had revenue of $30.00 million for the quarter, compared to analyst estimates of $33.55 million. Claros Mortgage Trust had a negative net margin of 354.13% and a negative return on equity of 19.70%. Research analysts forecast that Claros Mortgage Trust, Inc. will post -2.67 EPS for the current year.

Institutional Trading of Claros Mortgage Trust

Several large investors have recently modified their holdings of CMTG. FNY Investment Advisers LLC bought a new position in Claros Mortgage Trust in the 2nd quarter worth $205,000. Empowered Funds LLC acquired a new stake in shares of Claros Mortgage Trust in the first quarter valued at about $212,000. Bank of America Corp DE grew its position in shares of Claros Mortgage Trust by 41.0% in the first quarter. Bank of America Corp DE now owns 108,263 shares of the company’s stock valued at $258,000 after purchasing an additional 31,494 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Claros Mortgage Trust by 81.4% during the 1st quarter. Renaissance Technologies LLC now owns 48,800 shares of the company’s stock worth $116,000 after purchasing an additional 21,900 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in Claros Mortgage Trust by 152.3% during the 1st quarter. Sei Investments Co. now owns 158,724 shares of the company’s stock valued at $378,000 after purchasing an additional 95,805 shares during the period. 89.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CMTG. Weiss Ratings downgraded Claros Mortgage Trust from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, August 3rd. Wall Street Zen cut Claros Mortgage Trust from a “hold” rating to a “strong sell” rating in a research note on Saturday, August 1st. Wells Fargo & Company dropped their target price on Claros Mortgage Trust from $2.50 to $1.75 and set an “underweight” rating on the stock in a report on Wednesday, August 5th. UBS Group assumed coverage on shares of Claros Mortgage Trust in a research report on Thursday, July 16th. They issued a “neutral” rating and a $2.75 price target for the company. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Claros Mortgage Trust from $2.50 to $2.15 and set an “underperform” rating for the company in a report on Tuesday, August 4th. One research analyst has rated the stock with a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Claros Mortgage Trust has an average rating of “Strong Sell” and an average price target of $2.22.

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.