Nuveen LLC Takes Position in Claros Mortgage Trust, Inc. $CMTG

Nuveen LLC bought a new position in shares of Claros Mortgage Trust, Inc. (NYSE:CMTG - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 246,998 shares of the company's stock, valued at approximately $921,000. Nuveen LLC owned approximately 0.18% of Claros Mortgage Trust at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Simplex Trading LLC increased its position in shares of Claros Mortgage Trust by 549.5% during the first quarter. Simplex Trading LLC now owns 20,765 shares of the company's stock worth $77,000 after acquiring an additional 25,385 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Claros Mortgage Trust by 31.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,203,104 shares of the company's stock valued at $8,218,000 after acquiring an additional 523,403 shares during the last quarter. AXS Investments LLC increased its position in shares of Claros Mortgage Trust by 70.8% during the first quarter. AXS Investments LLC now owns 411,159 shares of the company's stock valued at $1,534,000 after acquiring an additional 170,460 shares during the last quarter. XTX Topco Ltd increased its position in shares of Claros Mortgage Trust by 43.8% during the first quarter. XTX Topco Ltd now owns 31,812 shares of the company's stock valued at $119,000 after acquiring an additional 9,695 shares during the last quarter. Finally, GSA Capital Partners LLP increased its position in shares of Claros Mortgage Trust by 95.5% during the first quarter. GSA Capital Partners LLP now owns 155,849 shares of the company's stock valued at $581,000 after acquiring an additional 76,116 shares during the last quarter. 89.53% of the stock is owned by institutional investors.

Claros Mortgage Trust Trading Up 3.1%

Shares of NYSE CMTG traded up $0.12 during trading hours on Friday, hitting $3.85. The company's stock had a trading volume of 723,192 shares, compared to its average volume of 963,877. The company has a debt-to-equity ratio of 1.92, a quick ratio of 30.23 and a current ratio of 30.23. The stock has a market cap of $537.61 million, a price-to-earnings ratio of -1.29 and a beta of 1.24. Claros Mortgage Trust, Inc. has a 12 month low of $2.13 and a 12 month high of $8.60. The business has a 50-day simple moving average of $3.24 and a 200-day simple moving average of $2.99.

Analyst Upgrades and Downgrades

CMTG has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods boosted their target price on shares of Claros Mortgage Trust from $2.75 to $3.00 and gave the company an "underperform" rating in a research note on Tuesday, August 12th. UBS Group restated a "buy" rating and set a $4.00 price target (up previously from $3.50) on shares of Claros Mortgage Trust in a research report on Wednesday, May 21st. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Reduce" and a consensus target price of $4.13.

Claros Mortgage Trust 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.