Claros Mortgage Trust, Inc. (NYSE:CMTG) Director Vincent Tese Purchases 5,000 Shares

Claros Mortgage Trust, Inc. (NYSE:CMTGGet Free Report) Director Vincent Tese purchased 5,000 shares of the stock in a transaction that occurred on Thursday, May 23rd. The shares were acquired at an average price of $7.26 per share, for a total transaction of $36,300.00. Following the completion of the transaction, the director now directly owns 6,000 shares of the company’s stock, valued at approximately $43,560. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Vincent Tese also recently made the following trade(s):

  • On Tuesday, May 21st, Vincent Tese purchased 1,000 shares of Claros Mortgage Trust stock. The shares were acquired at an average price of $8.24 per share, for a total transaction of $8,240.00.

Claros Mortgage Trust Trading Down 7.8 %

CMTG stock traded down $0.61 during trading on Thursday, reaching $7.25. 573,576 shares of the stock were exchanged, compared to its average volume of 308,320. The company has a current ratio of 26.27, a quick ratio of 26.27 and a debt-to-equity ratio of 2.07. The business has a 50 day moving average price of $8.97 and a 200-day moving average price of $10.78. Claros Mortgage Trust, Inc. has a 1 year low of $7.14 and a 1 year high of $15.25. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of -11.69 and a beta of 1.59.

Claros Mortgage Trust (NYSE:CMTGGet Free Report) last released 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 for the quarter, compared to the consensus estimate of $72.79 million. Claros Mortgage Trust had a negative net margin of 28.16% and a positive return on equity of 1.51%. On average, research analysts predict that Claros Mortgage Trust, Inc. will post 0.27 earnings per share for the current year.

Claros Mortgage Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 13.79%. The ex-dividend date was Wednesday, March 27th. Claros Mortgage Trust’s dividend payout ratio (DPR) is -161.29%.

Institutional Investors Weigh In On Claros Mortgage Trust

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. State of New Jersey Common Pension Fund D purchased a new stake in Claros Mortgage Trust during the 3rd quarter worth approximately $710,000. Penserra Capital Management LLC increased its stake in Claros Mortgage Trust by 14.4% during the 3rd quarter. Penserra Capital Management LLC now owns 44,986 shares of the company’s stock worth $498,000 after buying an additional 5,671 shares during the period. Van ECK Associates Corp increased its stake in Claros Mortgage Trust by 1.7% during the 4th quarter. Van ECK Associates Corp now owns 322,173 shares of the company’s stock worth $4,391,000 after buying an additional 5,465 shares during the period. New York State Common Retirement Fund increased its stake in Claros Mortgage Trust by 28.9% during the 3rd quarter. New York State Common Retirement Fund now owns 74,041 shares of the company’s stock worth $820,000 after buying an additional 16,602 shares during the period. Finally, Nisa Investment Advisors LLC increased its stake in Claros Mortgage Trust by 5.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 51,908 shares of the company’s stock worth $575,000 after buying an additional 2,639 shares during the period. 89.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered their price target on shares of Claros Mortgage Trust from $11.00 to $9.50 and set a “neutral” rating on the stock in a research report on Wednesday, April 10th. Keefe, Bruyette & Woods reduced their target price on shares of Claros Mortgage Trust from $9.75 to $9.50 and set an “underperform” rating on the stock in a research note on Wednesday, April 10th. Wells Fargo & Company reduced their target price on shares of Claros Mortgage Trust from $11.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 8th. Finally, UBS Group reduced their target price on shares of Claros Mortgage Trust from $11.50 to $10.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 20th.

Check Out Our Latest Stock Report on Claros Mortgage Trust

About Claros Mortgage Trust

(Get Free Report)

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.

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