Insider Buying: Claros Mortgage Trust, Inc. (NYSE:CMTG) CFO Acquires $79,579.50 in Stock

Claros Mortgage Trust, Inc. (NYSE:CMTG) CFO Mike Mcgillis bought 24,115 shares of the stock in a transaction on Wednesday, March 12th. The shares were acquired at an average price of $3.30 per share, with a total value of $79,579.50. Following the purchase, the chief financial officer now owns 475,945 shares of the company’s stock, valued at $1,570,618.50. The trade was a 5.34 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Claros Mortgage Trust Stock Performance

Shares of NYSE CMTG opened at $4.00 on Friday. Claros Mortgage Trust, Inc. has a 12-month low of $2.13 and a 12-month high of $10.05. The company has a market cap of $556.76 million, a PE ratio of -2.51 and a beta of 1.62. The stock has a 50 day simple moving average of $3.28 and a 200-day simple moving average of $5.43. The company has a current ratio of 25.67, a quick ratio of 20.68 and a debt-to-equity ratio of 2.08.

Claros Mortgage Trust (NYSE:CMTG) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.03. Claros Mortgage Trust had a positive return on equity of 4.72% and a negative net margin of 89.07%. The company had revenue of $60.23 million during the quarter, compared to analysts’ expectations of $58.07 million. On average, equities research analysts forecast that Claros Mortgage Trust, Inc. will post 0.27 EPS for the current year.

Institutional Trading of Claros Mortgage Trust

A number of institutional investors have recently made changes to their positions in CMTG. Arlington Trust Co LLC acquired a new position in shares of Claros Mortgage Trust during the fourth quarter valued at approximately $43,000. Townsquare Capital LLC acquired a new position in shares of Claros Mortgage Trust during the 4th quarter valued at $46,000. BNP Paribas Financial Markets bought a new stake in shares of Claros Mortgage Trust in the 4th quarter worth $46,000. Squarepoint Ops LLC bought a new position in Claros Mortgage Trust during the fourth quarter valued at about $46,000. Finally, Proficio Capital Partners LLC acquired a new position in Claros Mortgage Trust during the fourth quarter worth about $47,000. 89.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

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.