Claros Mortgage Trust (NYSE:CMTG) Shares Gap Down to $9.14

Shares of Claros Mortgage Trust, Inc. (NYSE:CMTG - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $9.14, but opened at $8.85. Claros Mortgage Trust shares last traded at $8.85, with a volume of 6,911 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. UBS Group reduced their target price on shares of Claros Mortgage Trust from $11.50 to $10.00 and set a "neutral" rating on the stock in a report on Wednesday, March 20th. Keefe, Bruyette & Woods decreased their target price on Claros Mortgage Trust from $9.75 to $9.50 and set an "underperform" rating for the company in a report on Wednesday, April 10th. Finally, JPMorgan Chase & Co. cut their price target on Claros Mortgage Trust from $11.00 to $9.50 and set a "neutral" rating on the stock in a report on Wednesday, April 10th.

Claros Mortgage Trust Trading Down 5.3 %

The business has a fifty day moving average price of $9.32 and a 200 day moving average price of $10.98. The firm has a market cap of $1.20 billion, a PE ratio of 419.71 and a beta of 1.59. The company has a current ratio of 25.03, a quick ratio of 25.03 and a debt-to-equity ratio of 2.09.

Claros Mortgage Trust (NYSE:CMTG - Get Free Report) last announced its quarterly earnings results on Tuesday, February 20th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.12 by $0.19. The company had revenue of $75.98 million for the quarter, compared to analyst estimates of $72.79 million. Claros Mortgage Trust had a net margin of 1.97% and a return on equity of 2.01%. Analysts forecast that Claros Mortgage Trust, Inc. will post 0.66 EPS for the current year.

Claros Mortgage Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were given a $0.25 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.00 dividend on an annualized basis and a yield of 11.55%. Claros Mortgage Trust's dividend payout ratio (DPR) is presently 5,002.50%.

Institutional Trading of Claros Mortgage Trust

A number of large investors have recently made changes to their positions in the company. SG Americas Securities LLC purchased a new position in shares of Claros Mortgage Trust in the 3rd quarter valued at approximately $228,000. Bank of New York Mellon Corp raised its position in Claros Mortgage Trust by 4.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 393,169 shares of the company's stock worth $4,356,000 after buying an additional 15,895 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Claros Mortgage Trust by 5.4% in the third quarter. Nisa Investment Advisors LLC now owns 51,908 shares of the company's stock valued at $575,000 after acquiring an additional 2,639 shares in the last quarter. Principal Financial Group Inc. acquired a new position in shares of Claros Mortgage Trust during the third quarter worth about $149,000. Finally, New York State Common Retirement Fund increased its stake in shares of Claros Mortgage Trust by 28.9% during the third quarter. New York State Common Retirement Fund now owns 74,041 shares of the company's stock worth $820,000 after acquiring an additional 16,602 shares during the period. 89.53% of the stock is owned by institutional investors and hedge funds.

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.