2 weeks Ago By Defense World Staff
Geode Capital Management LLC boosted its holdings in Claros Mortgage Trust, Inc. ( NYSE:CMTG – Free Report ) by 0.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).
The firm owned 2,330,895 shares of the company’s stock after purchasing an additional 10,835 shares during the quarter. Geode Capital Management LLC owned approximately 1.67% of Claros Mortgage Trust worth $10,538,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Arlington Trust Co LLC purchased a new position in shares of Claros Mortgage Trust in the fourth quarter worth $43,000. Proficio Capital Partners LLC bought a new stake in Claros Mortgage Trust in the 4th quarter valued at $47,000.
Quantbot Technologies LP purchased a new stake in Claros Mortgage Trust in the 4th quarter worth $69,000. Los Angeles Capital Management LLC bought a new position in shares of Claros Mortgage Trust during the 4th quarter valued at about $78,000. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Claros Mortgage Trust during the fourth quarter valued at about $92,000.
89.53% of the stock is owned by hedge funds and other institutional investors. Analyst Upgrades and Downgrades A number of equities research analysts recently commented on the company.
UBS Group decreased their target price on Claros Mortgage Trust from $5.25 to $3.50 and set a “buy” rating on the stock in a research report on Wednesday, April 16th.
Keefe, Bruyette & Woods decreased their price objective on Claros Mortgage Trust from $4.00 to $2.50 and set an “underperform” rating on the stock in a report on Thursday, February 27th.
Finally, Wells Fargo & Company lowered their target price on Claros Mortgage Trust from $8.00 to $3.00 and set an “underweight” rating for the company in a research report on Tuesday, February 25th.
Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $3.88.
Claros Mortgage Trust Trading Up 5.1 % CMTG opened at $2.37 on Wednesday.
The stock has a 50-day moving average of $3.04 and a 200 day moving average of $4.52.
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, Inc. has a 12 month low of $2.
13 and a 12 month high of $9.81. The firm has a market cap of $329.
59 million, a P/E ratio of -1.49 and a beta of 1.12.
Claros Mortgage Trust ( NYSE:CMTG – Get Free Report ) last announced its earnings results on Wednesday, February 19th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $60.
23 million during the quarter, compared to analysts’ expectations of $58.07 million. As a group, research analysts forecast that Claros Mortgage Trust, Inc.
will post 0.27 EPS for the current year. Insiders Place Their Bets In other Claros Mortgage Trust news, CEO Richard Mack bought 115,000 shares of the business’s stock in a transaction dated Monday, March 10th.
The shares were purchased 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 in the company, valued at $8,182,289.39. This represents a 4.
69 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website . Also, CFO Mike Mcgillis purchased 24,115 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th.
The shares were acquired at an average cost of $3.30 per share, with a total value of $79,579.50.
Following the completion of the purchase, the chief financial officer now directly owns 475,945 shares in the company, valued at $1,570,618.50. The trade was a 5.
34 % increase in their position. The disclosure for this purchase can be found here . Insiders bought 169,115 shares of company stock valued at $547,930 over the last three months.
1.40% of the stock is owned by company insiders. About Claros Mortgage Trust ( 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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