Key Points
- Director W. Edward Walter bought 25,000 shares on Feb. 24 at an average price of $2.28 (≈$57,000), increasing his stake to 32,000 shares — a 357.14% ownership increase disclosed in an SEC filing.
- Shares traded at $2.44 on Friday with a 50-day/200-day SMA of $2.81/$3.20 and a 52-week range of $2.13–$4.30; recent volume (27,212) was sharply below the ~421,843 average and the company has a market cap of ~$341.4M.
- CMTG has seen multiple analyst downgrades and price-target cuts, leaving a consensus rating of Reduce and a $3.17 target, while institutional investors own roughly 89.5% of the stock (large positions held by Vanguard and Charles Schwab).
Claros Mortgage Trust, Inc. (NYSE:CMTG - Get Free Report) Director W Edward Walter acquired 25,000 shares of the company's stock in a transaction dated Tuesday, February 24th. The stock was acquired at an average cost of $2.28 per share, with a total value of $57,000.00. Following the purchase, the director owned 32,000 shares of the company's stock, valued at approximately $72,960. This trade represents a 357.14% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.
Claros Mortgage Trust Price Performance
Shares of NYSE:CMTG traded up $0.09 during trading on Friday, hitting $2.44. 27,212 shares of the company's stock were exchanged, compared to its average volume of 421,843. The business's 50-day simple moving average is $2.81 and its 200 day simple moving average is $3.20. The company has a market cap of $341.43 million, a price-to-earnings ratio of -0.70 and a beta of 1.20. Claros Mortgage Trust, Inc. has a 52-week low of $2.13 and a 52-week high of $4.30. The company has a debt-to-equity ratio of 1.72, a current ratio of 21.44 and a quick ratio of 21.44.
Analyst Upgrades and Downgrades
CMTG has been the topic of several recent analyst reports. Wells Fargo & Company reduced their price objective on shares of Claros Mortgage Trust from $3.00 to $2.50 and set an "underweight" rating on the stock in a research report on Friday, February 20th. Keefe, Bruyette & Woods cut their target price on shares of Claros Mortgage Trust from $3.25 to $3.00 and set an "underperform" rating for the company in a research note on Thursday, January 8th. Weiss Ratings reiterated a "sell (d)" rating on shares of Claros Mortgage Trust in a report on Monday, December 29th. Wall Street Zen downgraded shares of Claros Mortgage Trust from a "hold" rating to a "sell" rating in a report on Saturday, February 21st. Finally, UBS Group cut their price objective on 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. One investment analyst has rated the stock with a Buy rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, Claros Mortgage Trust presently has a consensus rating of "Reduce" and a consensus target price of $3.17.
View Our Latest Analysis on Claros Mortgage Trust
Institutional Investors Weigh In On Claros Mortgage Trust
A number of hedge funds have recently bought and sold shares of CMTG. Vanguard Group Inc. grew its stake in shares of Claros Mortgage Trust by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 6,616,998 shares of the company's stock worth $21,968,000 after buying an additional 149,944 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake 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 raised its position in 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 valued at $8,026,000 after purchasing an additional 29,367 shares during the period. Balyasny Asset Management L.P. lifted its stake in shares of 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 valued at $5,548,000 after purchasing an additional 362,130 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of Claros Mortgage Trust by 53.9% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,805,395 shares of the company's stock worth $5,994,000 after purchasing an additional 632,105 shares during the period. Hedge funds and other institutional investors own 89.53% of the company's stock.
About Claros Mortgage Trust
(
Get Free Report)
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.
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