Claros Mortgage Trust, Inc. (NYSE:CMTG) Director Steven Leonard Richman Purchases 5,000 Shares

Claros Mortgage Trust, Inc. (NYSE:CMTG) Director Steven Leonard Richman purchased 5,000 shares of Claros Mortgage Trust stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average cost of $3.40 per share, with a total value of $17,000.00. Following the completion of the transaction, the director now owns 18,500 shares of the company’s stock, valued at $62,900. The trade was a 37.04 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Claros Mortgage Trust Stock Performance

Shares of Claros Mortgage Trust stock traded up $0.20 on Thursday, reaching $3.62. 2,974,427 shares of the stock were exchanged, compared to its average volume of 487,010. Claros Mortgage Trust, Inc. has a 1-year low of $2.13 and a 1-year high of $10.05. The company has a current ratio of 25.67, a quick ratio of 20.68 and a debt-to-equity ratio of 2.08. The business has a fifty day moving average price of $3.31 and a two-hundred day moving average price of $5.49. The firm has a market capitalization of $503.80 million, a PE ratio of -2.27 and a beta of 1.62.

Claros Mortgage Trust (NYSE:CMTG) last issued its earnings results on Wednesday, February 19th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.03. The company had revenue of $60.23 million for the quarter, compared to analyst estimates of $58.07 million. Claros Mortgage Trust had a negative net margin of 89.07% and a positive return on equity of 4.72%. As a group, research analysts anticipate that Claros Mortgage Trust, Inc. will post 0.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on CMTG shares. Keefe, Bruyette & Woods reduced their target price on shares of Claros Mortgage Trust from $4.00 to $2.50 and set an “underperform” rating for the company in a report on Thursday, February 27th. Wells Fargo & Company reduced their target price on shares of Claros Mortgage Trust from $8.00 to $3.00 and set an “underweight” rating for the company in a report on Tuesday, February 25th. Finally, UBS Group reduced their target price on shares of Claros Mortgage Trust from $6.00 to $5.25 and set a “buy” rating for the company in a report on Tuesday, February 25th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Claros Mortgage Trust presently has an average rating of “Hold” and an average target price of $4.31.

Hedge Funds Weigh In On Claros Mortgage Trust

Several institutional investors and hedge funds have recently modified their holdings of CMTG. Arlington Trust Co LLC purchased a new position in Claros Mortgage Trust during the fourth quarter worth approximately $43,000. BNP Paribas Financial Markets purchased a new stake in Claros Mortgage Trust during the 4th quarter worth $46,000. Townsquare Capital LLC purchased a new stake in Claros Mortgage Trust during the 4th quarter worth $46,000. Squarepoint Ops LLC bought a new stake in shares of Claros Mortgage Trust in the 4th quarter worth about $46,000. Finally, Envestnet Asset Management Inc. bought a new stake in shares of Claros Mortgage Trust in the 4th quarter worth about $47,000. Hedge funds and other institutional investors own 89.53% of the company’s stock.

About Claros Mortgage Trust

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.