Algert Global LLC Purchases 333,937 Shares of Claros Mortgage Trust, Inc. $CMTG

Key Points

• Algert Global LLC increased its stake in Claros Mortgage Trust by 374.5% in Q1, owning approximately 423,103 shares worth around $1.58 million.
• Institutional investors now own 89.53% of the company's stock, with several hedge funds acquiring new positions valued between $46,000 and $63,000 in recent months.
• Wall Street analysts have mixed views on CMTG, with a current average rating of "Reduce" and a price target of $4.13.

Algert Global LLC boosted its stake in shares of Claros Mortgage Trust, Inc. (NYSE:CMTG - Free Report) by 374.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 423,103 shares of the company's stock after acquiring an additional 333,937 shares during the period. Algert Global LLC owned 0.30% of Claros Mortgage Trust worth $1,578,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. increased its stake in shares of Claros Mortgage Trust by 745.4% in the 1st quarter. Russell Investments Group Ltd. now owns 35,726 shares of the company's stock valued at $133,000 after purchasing an additional 31,500 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Claros Mortgage Trust during the 1st quarter valued at $921,000. Simplex Trading LLC grew its position in shares of Claros Mortgage Trust by 549.5% in the 1st quarter. Simplex Trading LLC now owns 20,765 shares of the company's stock valued at $77,000 after buying an additional 25,385 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Claros Mortgage Trust by 31.2% in 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. Finally, AXS Investments LLC lifted its stake in shares of Claros Mortgage Trust by 70.8% in the 1st quarter. AXS Investments LLC now owns 411,159 shares of the company's stock valued at $1,534,000 after purchasing an additional 170,460 shares during the period. Institutional investors own 89.53% of the company's stock.

Claros Mortgage Trust Stock Performance

Shares of NYSE:CMTG traded down $0.05 during trading on Monday, hitting $3.46. The stock had a trading volume of 516,084 shares, compared to its average volume of 612,837. The company has a quick ratio of 30.23, a current ratio of 30.23 and a debt-to-equity ratio of 1.92. The firm's fifty day moving average is $3.15 and its 200 day moving average is $2.96. Claros Mortgage Trust, Inc. has a 12 month low of $2.13 and a 12 month high of $8.60.

Analyst Upgrades and Downgrades

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

Claros Mortgage Trust Company 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.