Wafra Inc. Decreases Stake in Claros Mortgage Trust, Inc. (NYSE:CMTG)

Wafra Inc. lessened its position in Claros Mortgage Trust, Inc. (NYSE:CMTG - Free Report) by 18.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,250,000 shares of the company's stock after selling 750,000 shares during the quarter. Claros Mortgage Trust makes up about 2.6% of Wafra Inc.'s holdings, making the stock its 8th biggest holding. Wafra Inc. owned 2.34% of Claros Mortgage Trust worth $44,298,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. State of New Jersey Common Pension Fund D acquired a new position in Claros Mortgage Trust in the third quarter worth approximately $710,000. Penserra Capital Management LLC lifted its position in shares of Claros Mortgage Trust by 14.4% in the third quarter. Penserra Capital Management LLC now owns 44,986 shares of the company's stock worth $498,000 after buying an additional 5,671 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of Claros Mortgage Trust by 1.7% during the 4th quarter. Van ECK Associates Corp now owns 322,173 shares of the company's stock worth $4,391,000 after acquiring an additional 5,465 shares in the last quarter. New York State Common Retirement Fund increased its holdings in shares of Claros Mortgage Trust by 28.9% during the 3rd quarter. New York State Common Retirement Fund now owns 74,041 shares of the company's stock valued at $820,000 after acquiring an additional 16,602 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Claros Mortgage Trust by 5.4% during the 3rd 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 during the last quarter. Hedge funds and other institutional investors own 89.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on CMTG shares. UBS Group lowered their price target on 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 price target on shares of Claros Mortgage Trust from $9.75 to $9.50 and set an "underperform" rating for the company in a report on Wednesday, April 10th. Wells Fargo & Company lowered their price target on Claros Mortgage Trust from $11.00 to $9.00 and set an "equal weight" rating on the stock in a research report on Wednesday, May 8th. Finally, JPMorgan Chase & Co. cut their price objective on Claros Mortgage Trust from $11.00 to $9.50 and set a "neutral" rating for the company in a research report on Wednesday, April 10th.

Claros Mortgage Trust Stock Performance

NYSE CMTG traded down $0.07 during midday trading on Friday, hitting $8.52. The company had a trading volume of 274,209 shares, compared to its average volume of 323,774. The firm has a fifty day simple moving average of $9.11 and a two-hundred day simple moving average of $10.85. Claros Mortgage Trust, Inc. has a fifty-two week low of $8.07 and a fifty-two week high of $15.25. The company has a quick ratio of 26.27, a current ratio of 26.27 and a debt-to-equity ratio of 2.07. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of -13.74 and a beta of 1.59.

Claros Mortgage Trust (NYSE:CMTG - Get Free Report) last released its earnings results on Tuesday, February 20th. The company reported $0.31 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.19. Claros Mortgage Trust had a positive return on equity of 1.51% and a negative net margin of 28.16%. The business had revenue of $75.98 million for the quarter, compared to the consensus estimate of $72.79 million. Equities analysts forecast that Claros Mortgage Trust, Inc. will post 0.27 earnings per share for the current fiscal year.

Claros Mortgage Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 11.74%. The ex-dividend date of this dividend was Wednesday, March 27th. Claros Mortgage Trust's dividend payout ratio is presently -161.29%.

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.