Claros Mortgage Trust, Inc. (NYSE:CMTG – Get Free Report) CEO Richard Mack acquired 20,603 shares of the firm’s stock in a transaction dated Friday, September 4th. The shares were purchased at an average price of $1.59 per share, with a total value of $32,758.77. Following the completion of the transaction, the chief executive officer owned 3,110,911 shares of the company’s stock, valued at $4,946,348.49. This trade represents a 0.67% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Richard Mack also recently made the following trade(s):
- On Thursday, September 3rd, Richard Mack bought 200,000 shares of Claros Mortgage Trust stock. The shares were purchased at an average cost of $1.59 per share, with a total value of $318,000.00.
Claros Mortgage Trust Price Performance
CMTG stock opened at $1.54 on Wednesday. The company has a quick ratio of 21.44, a current ratio of 21.44 and a debt-to-equity ratio of 1.81. The firm has a market cap of $217.97 million, a price-to-earnings ratio of -0.40 and a beta of 1.14. The company’s fifty day simple moving average is $1.95 and its 200 day simple moving average is $2.25. Claros Mortgage Trust, Inc. has a 12-month low of $1.44 and a 12-month high of $3.99.
Hedge Funds Weigh In On Claros Mortgage Trust
Several large investors have recently bought and sold shares of CMTG. AQR Capital Management LLC bought a new stake in shares of Claros Mortgage Trust in the 1st quarter worth $78,000. Jane Street Group LLC grew its position in Claros Mortgage Trust by 620.9% in the 1st quarter. Jane Street Group LLC now owns 185,147 shares of the company’s stock worth $691,000 after purchasing an additional 159,465 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in Claros Mortgage Trust in the 1st quarter valued at about $126,000. Strs Ohio purchased a new stake in Claros Mortgage Trust in the 1st quarter valued at about $61,000. Finally, Rhumbline Advisers lifted its position in shares of Claros Mortgage Trust by 5.6% during the 2nd quarter. Rhumbline Advisers now owns 138,276 shares of the company’s stock worth $394,000 after buying an additional 7,301 shares in the last quarter. 89.53% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
CMTG has been the subject of a number of research analyst reports. UBS Group assumed coverage on Claros Mortgage Trust in a report on Thursday, July 16th. They issued a “neutral” rating and a $2.75 target price for the company. Wells Fargo & Company cut their price target on Claros Mortgage Trust from $2.50 to $1.75 and set an “underweight” rating on the stock in a report on Wednesday, August 5th. Keefe, Bruyette & Woods lowered their price objective on shares of Claros Mortgage Trust from $2.50 to $2.15 and set an “underperform” rating for the company in a research note on Tuesday, August 4th. Wall Street Zen downgraded shares of Claros Mortgage Trust from a “hold” rating to a “strong sell” rating in a research report on Saturday, August 1st. Finally, 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. One investment analyst has rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Claros Mortgage Trust presently has a consensus rating of “Strong Sell” and a consensus target price of $2.22.
Check Out Our Latest Analysis on Claros Mortgage Trust
Claros Mortgage Trust Company Profile
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.
See Also
- Five stocks we like better than Claros Mortgage Trust
- Tesla’s Robotaxi Launch Wasn’t the Moment Investors Expected
- Despite Post-Earnings Drop, Wall Street Analysts Eye New Highs for Broadcom Stock
- Morgan Stanley Eyes Good Things Ahead for Meta After $18 Billion Legal Settlement
- Q3 Earnings Could Be the Catalyst the Market Has Been Waiting For
Receive News & Ratings for Claros Mortgage Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Claros Mortgage Trust and related companies with MarketBeat.com's FREE daily email newsletter.
