Hotchkis & Wiley Capital Management LLC Acquires 251,920 Shares of 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 raised its holdings in shares of Claros Mortgage Trust, Inc. (NYSE:CMTG - Free Report) by 50.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund 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 approximately 0.54% of Claros Mortgage Trust worth $2,808,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Wells Fargo & Company MN boosted its position in shares of Claros Mortgage Trust by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 50,668 shares of the company's stock valued at $229,000 after buying an additional 11,036 shares during the last quarter. Envestnet Asset Management Inc. bought a new position in Claros Mortgage Trust during the 4th quarter valued at about $47,000. Barclays PLC lifted its stake in Claros Mortgage Trust by 10.9% during the 4th quarter. Barclays PLC now owns 153,299 shares of the company's stock valued at $693,000 after acquiring an additional 15,008 shares during the period. XTX Topco Ltd purchased a new stake in shares of Claros Mortgage Trust during the 4th quarter valued at about $100,000. Finally, First Trust Advisors LP grew its stake in shares of Claros Mortgage Trust by 10.9% in the fourth quarter. First Trust Advisors LP now owns 112,105 shares of the company's stock worth $507,000 after acquiring an additional 11,003 shares during the period. Hedge funds and other institutional investors own 89.53% of the company's stock.

Claros Mortgage Trust Stock Performance

CMTG opened at $3.50 on Wednesday. The company's 50 day moving average is $3.16 and its 200 day moving average is $2.97. The company has a current ratio of 30.23, a quick ratio of 30.23 and a debt-to-equity ratio of 1.92. The company has a market cap of $488.67 million, a price-to-earnings ratio of -1.17 and a beta of 1.21. Claros Mortgage Trust, Inc. has a 12-month low of $2.13 and a 12-month high of $8.60.

Analysts Set New Price Targets

CMTG has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods increased their price objective on shares of Claros Mortgage Trust from $2.75 to $3.00 and gave the company an "underperform" rating in a research report on Tuesday, August 12th. UBS Group reiterated a "buy" rating and set a $4.00 target price (up from $3.50) on shares of Claros Mortgage Trust in a research note 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, the company presently has an average rating of "Reduce" and an average price target of $4.13.

Claros Mortgage Trust 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.

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