Key Points
- CFO Mike Mcgillis purchased 20,000 shares on March 2 at an average price of $2.34 (total $46,800), raising his stake to 603,007 shares — a 3.43% increase valued at about $1.41M.
- Analysts have trimmed targets and ratings recently, leaving a consensus rating of "Reduce" with a $3.00 average price target (one Buy vs. three Sell ratings).
- Claros Mortgage Trust is an agency-focused mortgage REIT with a market cap of $325.3M, a negative P/E (-0.66), a 1‑year price range of $2.13–$4.30, and roughly 90% institutional ownership.
Claros Mortgage Trust, Inc. (NYSE:CMTG - Get Free Report) CFO Mike Mcgillis bought 20,000 shares of Claros Mortgage Trust stock in a transaction on Monday, March 2nd. The stock was acquired at an average cost of $2.34 per share, with a total value of $46,800.00. Following the acquisition, the chief financial officer owned 603,007 shares in the company, valued at approximately $1,411,036.38. This represents a 3.43% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Claros Mortgage Trust Trading Up 0.4%
Shares of NYSE:CMTG opened at $2.32 on Wednesday. The company has a debt-to-equity ratio of 1.72, a current ratio of 21.44 and a quick ratio of 21.44. Claros Mortgage Trust, Inc. has a 1 year low of $2.13 and a 1 year high of $4.30. The company has a market cap of $325.31 million, a P/E ratio of -0.66 and a beta of 1.21. The stock's fifty day moving average price is $2.76 and its 200-day moving average price is $3.17.
Analysts Set New Price Targets
Several research analysts have recently weighed in on the stock. Weiss Ratings reissued a "sell (d)" rating on shares of Claros Mortgage Trust in a report on Monday, December 29th. UBS Group decreased their target price on shares of Claros Mortgage Trust from $4.50 to $4.00 and set a "buy" rating for the company in a research note on Friday, November 14th. Keefe, Bruyette & Woods cut their price objective on Claros Mortgage Trust from $3.00 to $2.50 and set an "underperform" rating for the company in a report on Monday. Wells Fargo & Company dropped their target price on 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. Finally, Wall Street Zen downgraded Claros Mortgage Trust from a "hold" rating to a "sell" rating in a research note on Saturday, February 21st. One research analyst has rated the stock with a Buy rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Reduce" and a consensus target price of $3.00.
Get Our Latest Stock Report on CMTG
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the stock. Vident Advisory LLC increased its holdings in Claros Mortgage Trust by 10.3% in the 4th quarter. Vident Advisory LLC now owns 71,360 shares of the company's stock worth $218,000 after acquiring an additional 6,655 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of Claros Mortgage Trust by 23.4% during the 4th quarter. AQR Capital Management LLC now owns 276,068 shares of the company's stock valued at $845,000 after buying an additional 52,280 shares in the last quarter. Abel Hall LLC bought a new position in Claros Mortgage Trust in the 4th quarter worth $62,000. Mariner LLC bought a new position in Claros Mortgage Trust in the 4th quarter worth $38,000. Finally, Barclays PLC increased its stake in Claros Mortgage Trust by 10.7% in the 4th quarter. Barclays PLC now owns 143,901 shares of the company's stock worth $440,000 after buying an additional 13,886 shares in the last quarter. 89.53% of the stock is owned by hedge funds and other institutional investors.
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.
Further Reading
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