Vanguard Group Inc. Has $33.21 Million Stock Position in Claros Mortgage Trust, Inc. $CMTG

Key Points

• Vanguard Group Inc. reduced its holdings in Claros Mortgage Trust, Inc. by 21.2%, owning approximately 8.9 million shares worth $33.21 million after selling nearly 2.4 million shares.
• Recent analyst ratings for Claros Mortgage Trust show mixed sentiment, with a target price range of $3.00 to $4.13 and one "Buy," one "Hold," and two "Sell" ratings.
• Claros Mortgage Trust has a market capitalization of $485.87 million, with its stock opening at $3.48, and a 52-week range between $2.13 and $8.60.

Vanguard Group Inc. lessened its stake in shares of Claros Mortgage Trust, Inc. (NYSE:CMTG - Free Report) by 21.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,902,423 shares of the company's stock after selling 2,399,924 shares during the quarter. Vanguard Group Inc. owned about 6.39% of Claros Mortgage Trust worth $33,206,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in CMTG. Koch Inc. bought a new stake in shares of Claros Mortgage Trust during the 4th quarter worth about $68,374,000. GSA Capital Partners LLP boosted its stake in shares of Claros Mortgage Trust by 95.5% during the 1st quarter. GSA Capital Partners LLP now owns 155,849 shares of the company's stock worth $581,000 after acquiring an additional 76,116 shares in the last quarter. Algert Global LLC boosted its stake in shares of Claros Mortgage Trust by 219.5% during the 4th quarter. Algert Global LLC now owns 89,166 shares of the company's stock worth $403,000 after acquiring an additional 61,261 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Claros Mortgage Trust by 118.3% during the 4th quarter. Ameriprise Financial Inc. now owns 93,000 shares of the company's stock worth $420,000 after acquiring an additional 50,400 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Claros Mortgage Trust by 72.7% during the 4th quarter. Bank of America Corp DE now owns 90,751 shares of the company's stock worth $410,000 after acquiring an additional 38,197 shares in the last quarter. Institutional investors own 89.53% of the company's stock.

Claros Mortgage Trust Stock Performance

NYSE:CMTG traded down $0.09 during mid-day trading on Tuesday, hitting $3.62. 556,686 shares of the company's stock traded hands, compared to its average volume of 592,392. The firm has a 50 day moving average of $3.21 and a two-hundred day moving average of $2.99. Claros Mortgage Trust, Inc. has a 12 month low of $2.13 and a 12 month high of $8.60. The firm has a market capitalization of $505.45 million, a price-to-earnings ratio of -1.21 and a beta of 1.24. The company has a current ratio of 30.23, a quick ratio of 30.23 and a debt-to-equity ratio of 1.92.

Wall Street Analyst Weigh In

CMTG has been the subject of several recent analyst reports. Keefe, Bruyette & Woods upped their price target on 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 restated a "buy" rating and set a $4.00 target price (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 given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Reduce" and a consensus price target of $4.13.

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.