Richard Mack Buys 115,000 Shares of Claros Mortgage Trust, Inc. (NYSE:CMTG) Stock

Claros Mortgage Trust, Inc. (NYSE:CMTG) CEO Richard Mack purchased 115,000 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The stock was bought at an average price of $3.19 per share, with a total value of $366,850.00. Following the completion of the purchase, the chief executive officer now owns 2,564,981 shares of the company’s stock, valued at $8,182,289.39. This trade represents a 4.69 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Claros Mortgage Trust Stock Up 6.0 %

NYSE CMTG opened at $3.43 on Thursday. The business has a fifty day moving average price of $3.31 and a two-hundred day moving average price of $5.49. The stock has a market capitalization of $477.32 million, a PE ratio of -2.15 and a beta of 1.62. The company has a debt-to-equity ratio of 2.08, a current ratio of 25.67 and a quick ratio of 20.68. Claros Mortgage Trust, Inc. has a fifty-two week low of $2.13 and a fifty-two week high of $10.05.

Claros Mortgage Trust (NYSE:CMTG) last announced 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. The company had revenue of $60.23 million during the quarter, compared to the consensus estimate of $58.07 million. Claros Mortgage Trust had a negative net margin of 89.07% and a positive return on equity of 4.72%. Equities analysts expect that Claros Mortgage Trust, Inc. will post 0.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CMTG. Arlington Trust Co LLC acquired a new position in shares of Claros Mortgage Trust during the fourth quarter worth $43,000. Townsquare Capital LLC acquired a new position in shares of Claros Mortgage Trust during the fourth quarter worth $46,000. BNP Paribas Financial Markets acquired a new position in shares of Claros Mortgage Trust during the fourth quarter worth $46,000. Squarepoint Ops LLC acquired a new position in shares of Claros Mortgage Trust during the fourth quarter worth $46,000. Finally, Proficio Capital Partners LLC acquired a new position in shares of Claros Mortgage Trust during the fourth quarter worth $47,000. 89.53% of the stock is currently owned by institutional investors and hedge funds.

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.