JMP Securities restated their market perform rating on shares of Claros Mortgage Trust (NYSE:CMTG – Free Report) in a report issued on Tuesday, Benzinga reports.
Other research analysts have also issued reports about the stock. Keefe, Bruyette & Woods reduced their price objective on shares of Claros Mortgage Trust from $9.75 to $9.50 and set an underperform rating for the company in a research note on Wednesday, April 10th. JPMorgan Chase & Co. reduced their price target on Claros Mortgage Trust from $11.00 to $9.50 and set a neutral rating for the company in a research report on Wednesday, April 10th. Wells Fargo & Company dropped their price objective on Claros Mortgage Trust from $11.00 to $9.00 and set an equal weight rating on the stock in a report on Wednesday, May 8th. Finally, UBS Group reduced their target price on Claros Mortgage Trust from $11.50 to $10.00 and set a neutral rating for the company in a report on Wednesday, March 20th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of Hold and a consensus target price of $9.50.
View Our Latest Analysis on Claros Mortgage Trust
Claros Mortgage Trust Stock Performance
NYSE:CMTG opened at $8.11 on Tuesday. The company has a market capitalization of $1.12 billion, a P/E ratio of -13.07 and a beta of 1.52. The business has a fifty day simple moving average of $8.49 and a two-hundred day simple moving average of $10.46. The company has a debt-to-equity ratio of 2.07, a current ratio of 26.27 and a quick ratio of 26.27. Claros Mortgage Trust has a 1 year low of $6.80 and a 1 year high of $15.25.
Claros Mortgage Trust (NYSE:CMTG – Get Free Report) last announced its quarterly earnings data on Monday, May 6th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.04. Claros Mortgage Trust had a positive return on equity of 1.51% and a negative net margin of 28.16%. The company had revenue of $58.83 million during the quarter, compared to analyst estimates of $63.64 million. On average, analysts expect that Claros Mortgage Trust will post 0.14 earnings per share for the current year.
Claros Mortgage Trust Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.00 dividend on an annualized basis and a yield of 12.34%. Claros Mortgage Trust’s dividend payout ratio is currently -161.29%.
Insider Activity
In related news, insider Jeffrey D. Siegel purchased 5,000 shares of the business’s stock in a transaction on Tuesday, May 28th. The stock was acquired at an average price of $7.23 per share, with a total value of $36,150.00. Following the purchase, the insider now directly owns 167,242 shares in the company, valued at $1,209,159.66. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director W Edward Walter acquired 7,000 shares of Claros Mortgage Trust stock in a transaction dated Tuesday, May 28th. The shares were purchased at an average cost of $7.21 per share, for a total transaction of $50,470.00. Following the transaction, the director now owns 13,760 shares of the company’s stock, valued at $99,209.60. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey D. Siegel acquired 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The shares were purchased at an average cost of $7.23 per share, for a total transaction of $36,150.00. Following the completion of the acquisition, the insider now owns 167,242 shares in the company, valued at approximately $1,209,159.66. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 193,000 shares of company stock worth $1,393,140. 1.40% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC lifted its holdings in shares of Claros Mortgage Trust by 32.2% in the 1st quarter. SG Americas Securities LLC now owns 10,891 shares of the company’s stock worth $106,000 after acquiring an additional 2,651 shares during the last quarter. Covestor Ltd boosted its position in Claros Mortgage Trust by 349.4% during the first quarter. Covestor Ltd now owns 10,897 shares of the company’s stock valued at $106,000 after buying an additional 8,472 shares during the period. MQS Management LLC bought a new position in shares of Claros Mortgage Trust during the first quarter valued at about $128,000. Principal Financial Group Inc. bought a new position in shares of Claros Mortgage Trust during the third quarter valued at about $149,000. Finally, Lazard Asset Management LLC purchased a new position in shares of Claros Mortgage Trust in the first quarter worth about $140,000. 89.53% of the stock is currently owned by institutional investors.
Claros Mortgage Trust Company Profile
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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