Insider Buying: Claros Mortgage Trust, Inc. (NYSE:CMTG) CEO Acquires 25,000 Shares of Stock

Claros Mortgage Trust, Inc. (NYSE:CMTGGet Free Report) CEO Richard Mack acquired 25,000 shares of the business’s stock in a transaction dated Wednesday, March 12th. The shares were bought at an average cost of $3.38 per share, for a total transaction of $84,500.00. Following the transaction, the chief executive officer now directly owns 2,589,981 shares of the company’s stock, valued at approximately $8,754,135.78. This trade represents a 0.97 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Richard Mack also recently made the following trade(s):

  • On Monday, March 10th, Richard Mack acquired 115,000 shares of Claros Mortgage Trust stock. The shares were bought at an average cost of $3.19 per share, for a total transaction of $366,850.00.

Claros Mortgage Trust Stock Performance

NYSE:CMTG opened at $4.00 on Monday. The firm has a market capitalization of $556.76 million, a PE ratio of -2.51 and a beta of 1.62. The business’s fifty day moving average price is $3.28 and its 200 day moving average price is $5.41. 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, Inc. has a 12 month low of $2.13 and a 12 month high of $10.05.

Claros Mortgage Trust (NYSE:CMTGGet Free Report) last posted its earnings results on Wednesday, February 19th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.12 by $0.03. The firm had revenue of $60.23 million for the quarter, compared to analyst estimates of $58.07 million. Claros Mortgage Trust had a positive return on equity of 4.72% and a negative net margin of 89.07%. On average, sell-side analysts anticipate that Claros Mortgage Trust, Inc. will post 0.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on CMTG shares. Wells Fargo & Company cut their price objective on Claros Mortgage Trust from $8.00 to $3.00 and set an “underweight” rating on the stock in a research report on Tuesday, February 25th. UBS Group cut their price objective on Claros Mortgage Trust from $6.00 to $5.25 and set a “buy” rating on the stock in a research report on Tuesday, February 25th. Finally, Keefe, Bruyette & Woods dropped their target price on Claros Mortgage Trust from $4.00 to $2.50 and set an “underperform” rating on the stock in a report on Thursday, February 27th. Two equities research 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’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $4.31.

Check Out Our Latest Analysis on Claros Mortgage Trust

Hedge Funds Weigh In On Claros Mortgage Trust

Hedge funds have recently made changes to their positions in the company. Arlington Trust Co LLC purchased a new position in shares of Claros Mortgage Trust during the fourth quarter worth about $43,000. BNP Paribas Financial Markets purchased a new position in shares of Claros Mortgage Trust during the fourth quarter worth about $46,000. Townsquare Capital LLC purchased a new position in shares of Claros Mortgage Trust during the fourth quarter worth about $46,000. Squarepoint Ops LLC purchased a new position in shares of Claros Mortgage Trust during the fourth quarter worth about $46,000. Finally, Envestnet Asset Management Inc. purchased a new position in shares of Claros Mortgage Trust during the fourth quarter worth about $47,000. Hedge funds and other institutional investors own 89.53% of the company’s stock.

About Claros Mortgage Trust

(Get Free Report)

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.

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