Algert Global LLC Boosts Holdings in 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 lifted its stake in Claros Mortgage Trust, Inc. (NYSE:CMTG - Free Report) by 374.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor 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 quarter.

A number of other institutional investors also recently added to or reduced their stakes in CMTG. Koch Inc. bought a new position in Claros Mortgage Trust in the fourth quarter worth about $68,374,000. Millennium Management LLC grew its position in shares of Claros Mortgage Trust by 38.4% in the 4th quarter. Millennium Management LLC now owns 135,388 shares of the company's stock worth $612,000 after buying an additional 37,548 shares during the last quarter. Avantax Advisory Services Inc. purchased a new position in shares of Claros Mortgage Trust in the 1st quarter worth approximately $61,000. Deutsche Bank AG raised its stake in shares of Claros Mortgage Trust by 51.3% during the 4th quarter. Deutsche Bank AG now owns 82,198 shares of the company's stock worth $372,000 after acquiring an additional 27,856 shares in the last quarter. Finally, BNP Paribas Financial Markets purchased a new stake in Claros Mortgage Trust during the fourth quarter valued at approximately $46,000. Institutional investors own 89.53% of the company's stock.

Claros Mortgage Trust Stock Performance

Shares of Claros Mortgage Trust stock traded down $0.09 on Thursday, reaching $3.41. 126,732 shares of the stock were exchanged, compared to its average volume of 970,971. The business has a 50 day moving average price of $3.17 and a two-hundred day moving average price of $2.97. The firm has a market capitalization of $476.09 million, a price-to-earnings ratio of -1.14 and a beta of 1.21. Claros Mortgage Trust, Inc. has a twelve month low of $2.13 and a twelve month high of $8.60. The company has a quick ratio of 30.23, a current ratio of 30.23 and a debt-to-equity ratio of 1.92.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Keefe, Bruyette & Woods lifted their price target on shares of Claros Mortgage Trust from $2.75 to $3.00 and gave the stock an "underperform" rating in a report on Tuesday, August 12th. UBS Group reissued a "buy" rating and issued a $4.00 price objective (up previously from $3.50) on shares of Claros Mortgage Trust in a research report on Wednesday, May 21st. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Claros Mortgage Trust presently has an average rating of "Reduce" and a consensus target price 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.