Hotchkis & Wiley Capital Management LLC Boosts Position in Claros Mortgage Trust, Inc. $CMTG

Key Points

• Hotchkis & Wiley Capital Management LLC increased its stake in Claros Mortgage Trust, Inc. by 50.3%, owning a total of 752,920 shares worth approximately $2.8 million at the end of the 1st quarter.
• Claros Mortgage Trust's stock currently trades at $3.50 and has a market cap of $488.67 million, with a 12-month low of $2.13 and a high of $8.60.
• Analyst ratings for the stock include one "Buy," one "Hold," and two "Sell," with an average price target of $4.13.

Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of Claros Mortgage Trust, Inc. (NYSE:CMTG - Free Report) by 50.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 752,920 shares of the company's stock after purchasing an additional 251,920 shares during the period. Hotchkis & Wiley Capital Management LLC owned about 0.54% of Claros Mortgage Trust worth $2,808,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of CMTG. Koch Inc. purchased a new position in shares of Claros Mortgage Trust during the 4th quarter worth approximately $68,374,000. Charles Schwab Investment Management Inc. increased its stake in shares of Claros Mortgage Trust by 31.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,203,104 shares of the company's stock worth $8,218,000 after purchasing an additional 523,403 shares in the last quarter. Algert Global LLC increased its stake in shares of Claros Mortgage Trust by 374.5% during the 1st quarter. Algert Global LLC now owns 423,103 shares of the company's stock worth $1,578,000 after purchasing an additional 333,937 shares in the last quarter. Nuveen LLC purchased a new position in shares of Claros Mortgage Trust during the 1st quarter worth approximately $921,000. Finally, AXS Investments LLC increased its stake in shares of Claros Mortgage Trust by 70.8% during the 1st quarter. AXS Investments LLC now owns 411,159 shares of the company's stock worth $1,534,000 after purchasing an additional 170,460 shares in the last quarter. 89.53% of the stock is owned by hedge funds and other institutional investors.

Claros Mortgage Trust Trading Up 3.2%

Claros Mortgage Trust stock traded up $0.12 during trading on Monday, reaching $3.70. The company had a trading volume of 804,192 shares, compared to its average volume of 611,960. Claros Mortgage Trust, Inc. has a 12-month low of $2.13 and a 12-month high of $8.60. The stock's 50 day moving average price is $3.20 and its two-hundred day moving average price is $2.98. The firm has a market capitalization of $516.77 million, a price-to-earnings ratio of -1.24 and a beta of 1.23. The company has a debt-to-equity ratio of 1.92, a quick ratio of 30.23 and a current ratio of 30.23.

Wall Street Analysts Forecast Growth

CMTG has been the subject of a number of recent research reports. Keefe, Bruyette & Woods raised their price objective on shares of Claros Mortgage Trust from $2.75 to $3.00 and gave the stock an "underperform" rating in a research note on Tuesday, August 12th. UBS Group reissued a "buy" rating and set a $4.00 price objective (up previously from $3.50) on shares of Claros Mortgage Trust in a research note on Wednesday, May 21st. One 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.com, Claros Mortgage Trust currently has an average 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.