Claros Mortgage Trust, Inc. (NYSE:CMTG) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its holdings in Claros Mortgage Trust, Inc. (NYSE:CMTG - Free Report) by 35.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 649,674 shares of the company's stock after buying an additional 170,244 shares during the period. JPMorgan Chase & Co. owned about 0.47% of Claros Mortgage Trust worth $2,937,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of CMTG. SG Americas Securities LLC boosted its holdings in Claros Mortgage Trust by 18.4% in the fourth quarter. SG Americas Securities LLC now owns 23,769 shares of the company's stock worth $107,000 after acquiring an additional 3,694 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Claros Mortgage Trust by 19.0% during the fourth quarter. Sei Investments Co. now owns 23,828 shares of the company's stock worth $108,000 after purchasing an additional 3,800 shares during the period. State Street Corp lifted its holdings in shares of Claros Mortgage Trust by 0.3% during the third quarter. State Street Corp now owns 2,165,863 shares of the company's stock worth $16,436,000 after purchasing an additional 6,882 shares during the period. Arlington Trust Co LLC acquired a new stake in shares of Claros Mortgage Trust during the fourth quarter worth about $43,000. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Claros Mortgage Trust during the fourth quarter worth about $47,000. Institutional investors own 89.53% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on CMTG. Wells Fargo & Company decreased their target price on Claros Mortgage Trust from $8.00 to $3.00 and set an "underweight" rating for the company in a report on Tuesday, February 25th. UBS Group reduced their price target on Claros Mortgage Trust from $5.25 to $3.50 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Finally, Keefe, Bruyette & Woods reduced their price target on Claros Mortgage Trust from $4.00 to $2.50 and set an "underperform" rating for the company in a research report on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $3.88.

Claros Mortgage Trust Price Performance

Shares of Claros Mortgage Trust stock remained flat at $2.43 on Monday. The stock had a trading volume of 379,518 shares, compared to its average volume of 630,563. The firm has a market capitalization of $338.65 million, a P/E ratio of -1.53 and a beta of 1.12. Claros Mortgage Trust, Inc. has a 1-year low of $2.13 and a 1-year high of $9.81. The business has a 50-day simple moving average of $3.01 and a 200-day simple moving average of $4.43. The company has a debt-to-equity ratio of 2.08, a current ratio of 25.67 and a quick ratio of 20.68.

Claros Mortgage Trust (NYSE:CMTG - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.15 EPS for the quarter, beating analysts' consensus estimates of $0.12 by $0.03. The business had revenue of $60.23 million during the quarter, compared to analysts' expectations of $58.07 million. Claros Mortgage Trust had a positive return on equity of 4.72% and a negative net margin of 89.07%. Sell-side analysts forecast that Claros Mortgage Trust, Inc. will post 0.27 earnings per share for the current fiscal year.

Insider Transactions at Claros Mortgage Trust

In other news, CFO Mike Mcgillis purchased 24,115 shares of the stock in a transaction dated Wednesday, March 12th. The shares were purchased at an average cost of $3.30 per share, with a total value of $79,579.50. Following the completion of the purchase, the chief financial officer now directly owns 475,945 shares of the company's stock, valued at approximately $1,570,618.50. The trade was a 5.34 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Richard Mack purchased 25,000 shares of the stock in a transaction dated Wednesday, March 12th. The stock was purchased at an average cost of $3.38 per share, for a total transaction of $84,500.00. Following the completion of the purchase, the chief executive officer now directly owns 2,589,981 shares of the company's stock, valued at approximately $8,754,135.78. The trade was a 0.97 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 169,115 shares of company stock valued at $547,930 over the last ninety days. Insiders own 1.40% of the company's stock.

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.