Claros Mortgage Trust, Inc. (NYSE:CMTG - Get Free Report) CEO Richard Mack bought 20,603 shares of the firm's stock in a transaction dated Friday, September 4th. The shares were acquired at an average cost of $1.59 per share, with a total value of $32,758.77. Following the completion of the transaction, the chief executive officer owned 3,110,911 shares in the company, valued at approximately $4,946,348.49. The trade was a 0.67% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Richard Mack also recently made the following trade(s):
- On Thursday, September 3rd, Richard Mack purchased 200,000 shares of Claros Mortgage Trust stock. The stock was bought at an average cost of $1.59 per share, for a total transaction of $318,000.00.
Claros Mortgage Trust Stock Performance
NYSE CMTG opened at $1.54 on Wednesday. The company has a market capitalization of $217.97 million, a PE ratio of -0.40 and a beta of 1.14. The company has a debt-to-equity ratio of 1.81, a quick ratio of 21.44 and a current ratio of 21.44. Claros Mortgage Trust, Inc. has a 52-week low of $1.44 and a 52-week high of $3.99. The company has a 50-day simple moving average of $1.95 and a 200 day simple moving average of $2.25.
Claros Mortgage Trust (NYSE:CMTG - Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported ($0.63) earnings per share for the quarter, missing analysts' consensus estimates of ($0.25) by ($0.38). Claros Mortgage Trust had a negative net margin of 354.13% and a negative return on equity of 19.70%. The company had revenue of $30.00 million during the quarter, compared to analysts' expectations of $33.55 million. On average, research analysts predict that Claros Mortgage Trust, Inc. will post -2.67 EPS for the current year.
Analyst Upgrades and Downgrades
CMTG has been the subject of several research reports. Weiss Ratings lowered Claros Mortgage Trust from a "sell (d-)" rating to a "sell (e+)" rating in a report on Monday, August 3rd. Wall Street Zen downgraded Claros Mortgage Trust from a "hold" rating to a "strong sell" rating in a research note on Saturday, August 1st. UBS Group initiated coverage on Claros Mortgage Trust in a report on Thursday, July 16th. They issued a "neutral" rating and a $2.75 price objective for the company. Keefe, Bruyette & Woods lowered their price objective on Claros Mortgage Trust from $2.50 to $2.15 and set an "underperform" rating on the stock in a research note on Tuesday, August 4th. Finally, Wells Fargo & Company dropped their price objective on shares of Claros Mortgage Trust from $2.50 to $1.75 and set an "underweight" rating on the stock in a report on Wednesday, August 5th. One analyst has rated the stock with a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Strong Sell" and an average target price of $2.22.
Get Our Latest Analysis on Claros Mortgage Trust
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in CMTG. Hotchkis & Wiley Capital Management LLC increased its position in shares of Claros Mortgage Trust by 53.9% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,805,395 shares of the company's stock valued at $5,994,000 after buying an additional 632,105 shares during the period. LM Asset Management Inc. bought a new position in shares of Claros Mortgage Trust in the fourth quarter valued at approximately $1,634,000. Charles Schwab Investment Management Inc. grew 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 valued at $11,083,000 after acquiring an additional 383,859 shares in the last quarter. Balyasny Asset Management L.P. grew its stake in Claros Mortgage Trust by 22.9% during the second quarter. Balyasny Asset Management L.P. now owns 1,946,597 shares of the company's stock valued at $5,548,000 after acquiring an additional 362,130 shares in the last quarter. Finally, Algert Global LLC increased its holdings in Claros Mortgage Trust by 880.8% during the 3rd quarter. Algert Global LLC now owns 383,686 shares of the company's stock worth $1,274,000 after acquiring an additional 344,566 shares during the period. Institutional investors own 89.53% of the company's stock.
Claros Mortgage Trust Company Profile
(
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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