Bank of New York Mellon Corp Sells 301,006 Shares of 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 position in shares of Claros Mortgage Trust, Inc. (NYSE:CMTG - Free Report) by 52.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 267,748 shares of the company's stock after selling 301,006 shares during the period. Bank of New York Mellon Corp owned approximately 0.19% of Claros Mortgage Trust worth $999,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in CMTG. Koch Inc. bought a new stake in shares of Claros Mortgage Trust in the fourth quarter valued at approximately $68,374,000. Squarepoint Ops LLC bought a new stake in shares of Claros Mortgage Trust in the fourth quarter valued at approximately $46,000. ProShare Advisors LLC boosted its stake in shares of Claros Mortgage Trust by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 24,311 shares of the company's stock valued at $110,000 after buying an additional 7,999 shares during the period. Quantinno Capital Management LP bought a new stake in shares of Claros Mortgage Trust in the fourth quarter valued at approximately $115,000. Finally, Millennium Management LLC boosted its stake in shares of Claros Mortgage Trust by 38.4% in the fourth quarter. Millennium Management LLC now owns 135,388 shares of the company's stock valued at $612,000 after buying an additional 37,548 shares during the period. Institutional investors own 89.53% of the company's stock.

Analyst Upgrades and Downgrades

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

Claros Mortgage Trust Stock Down 4.2%

Shares of CMTG opened at $2.84 on Friday. Claros Mortgage Trust, Inc. has a one year low of $2.13 and a one year high of $9.81. The company has a market cap of $396.30 million, a P/E ratio of -1.60 and a beta of 1.21. The company has a debt-to-equity ratio of 2.08, a current ratio of 35.57 and a quick ratio of 35.57. The firm has a 50 day simple moving average of $2.97 and a two-hundred day simple moving average of $3.01.

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

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