Claros Mortgage Trust, Inc. (NYSE:CMTG – Get Free Report) CEO Richard Mack purchased 200,000 shares of Claros Mortgage Trust stock in a transaction on Thursday, September 3rd. The stock was bought at an average price of $1.59 per share, with a total value of $318,000.00. Following the completion of the acquisition, the chief executive officer directly owned 3,090,308 shares of the company’s stock, valued at approximately $4,913,589.72. This trade represents a 6.92% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Richard Mack also recently made the following trade(s):
- On Friday, September 4th, Richard Mack acquired 20,603 shares of Claros Mortgage Trust stock. The shares were bought at an average price of $1.59 per share, for a total transaction of $32,758.77.
Claros Mortgage Trust Price Performance
CMTG stock opened at $1.54 on Wednesday. The stock has a market capitalization of $217.97 million, a PE ratio of -0.40 and a beta of 1.14. The company’s 50-day moving average is $1.95 and its 200-day moving average is $2.25. The company has a debt-to-equity ratio of 1.81, a current ratio of 21.44 and a quick ratio of 21.44. Claros Mortgage Trust, Inc. has a 1 year low of $1.44 and a 1 year high of $3.99.
Analyst Ratings Changes
A number of research firms have issued reports on CMTG. Wall Street Zen downgraded Claros Mortgage Trust from a “hold” rating to a “strong sell” rating in a research note on Saturday, August 1st. Weiss Ratings lowered shares of Claros Mortgage Trust from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, August 3rd. Keefe, Bruyette & Woods lowered their target price on shares of Claros Mortgage Trust from $2.50 to $2.15 and set an “underperform” rating for the company in a report on Tuesday, August 4th. Wells Fargo & Company cut their price target on shares of Claros Mortgage Trust from $2.50 to $1.75 and set an “underweight” rating on the stock in a report on Wednesday, August 5th. Finally, UBS Group began coverage on shares of Claros Mortgage Trust in a research note on Thursday, July 16th. They issued a “neutral” rating and a $2.75 price objective for the company. One analyst has rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Strong Sell” and a consensus price target of $2.22.
Check Out Our Latest Report on Claros Mortgage Trust
Hedge Funds Weigh In On Claros Mortgage Trust
Institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets lifted its position in shares of Claros Mortgage Trust by 75.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 8,938 shares of the company’s stock valued at $25,000 after buying an additional 3,854 shares during the last quarter. Focus Partners Wealth purchased a new stake in Claros Mortgage Trust in the 3rd quarter worth about $34,000. Hsbc Holdings PLC bought a new stake in Claros Mortgage Trust in the 1st quarter valued at about $37,000. Mariner LLC bought a new stake in Claros Mortgage Trust in the 4th quarter valued at about $38,000. Finally, Jump Financial LLC purchased a new stake in Claros Mortgage Trust during the second quarter valued at about $44,000. 89.53% of the stock is owned by institutional investors.
About Claros Mortgage Trust
Claros Mortgage Trust is a specialty finance company structured as a real estate investment trust that acquires and manages a portfolio of newly originated, conventional residential mortgage loans guaranteed or insured by U.S. government‐sponsored enterprises. The company concentrates on Agency collateral, including loans backed by Ginnie Mae, Fannie Mae and Freddie Mac, aiming to generate current income while preserving capital through high‐quality, credit‐enhanced assets.
Under an external management agreement with Claros Mortgage Capital Advisors LLC, the firm leverages a seasoned team to source, underwrite and service mortgage assets.
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