Bank of New York Mellon Corp Cuts Holdings in Claros Mortgage Trust, Inc. (NYSE:CMTG)

Key Points

• Bank of New York Mellon Corp has reduced its stake in Claros Mortgage Trust by 52.9%, selling 301,006 shares and now holding approximately 267,748 shares with a value of $999,000.
• Various institutional investors have increased their holdings in Claros Mortgage Trust, with Koch Inc. investing around $68.4 million in the fourth quarter.
• Claros Mortgage Trust reported a loss of ($0.25) EPS for the last quarter, exceeding expectations, and its shares are currently valued at $2.84 after a 4.2% decline.

Bank of New York Mellon Corp lessened its stake in shares of Claros Mortgage Trust, Inc. (NYSE:CMTG - Free Report) by 52.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 267,748 shares of the company's stock after selling 301,006 shares during the quarter. Bank of New York Mellon Corp owned about 0.19% of Claros Mortgage Trust worth $999,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. BNP Paribas Financial Markets purchased a new position in shares of Claros Mortgage Trust during the 4th quarter worth about $46,000. Townsquare Capital LLC acquired a new position in Claros Mortgage Trust in the fourth quarter worth $46,000. Squarepoint Ops LLC acquired a new position in Claros Mortgage Trust in the fourth quarter worth $46,000. Envestnet Asset Management Inc. acquired a new position in Claros Mortgage Trust in the fourth quarter worth $47,000. Finally, Brevan Howard Capital Management LP acquired a new position in Claros Mortgage Trust in the fourth quarter worth $75,000. Hedge funds and other institutional investors own 89.53% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Keefe, Bruyette & Woods boosted their price objective on Claros Mortgage Trust from $2.25 to $2.75 and gave the stock an "underperform" rating in a report on Thursday, July 10th. UBS Group restated a "buy" rating and set a $4.00 price objective (up previously from $3.50) on shares of Claros Mortgage Trust in a report on Wednesday, May 21st.

Claros Mortgage Trust Stock Up 2.7%

Shares of Claros Mortgage Trust stock traded up $0.08 on Monday, hitting $2.87. The company had a trading volume of 159,016 shares, compared to its average volume of 1,016,687. The stock has a 50 day moving average of $2.99 and a 200-day moving average of $2.99. The stock has a market capitalization of $400.50 million, a price-to-earnings ratio of -1.62 and a beta of 1.21. Claros Mortgage Trust, Inc. has a 1 year low of $2.13 and a 1 year high of $9.01. The company has a debt-to-equity ratio of 2.08, a quick ratio of 35.57 and a current ratio of 35.57.

Claros Mortgage Trust (NYSE:CMTG - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported ($0.25) earnings per share for the quarter, beating the consensus estimate of ($0.32) by $0.07. Claros Mortgage Trust had a positive return on equity of 1.79% and a negative net margin of 106.06%. The company had revenue of $44.50 million during the quarter, compared to analysts' expectations of $41.91 million. As a group, sell-side analysts forecast that Claros Mortgage Trust, Inc. will post 0.27 earnings per share for the current year.

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.