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

Claros Mortgage Trust, Inc. (NYSE:CMTG) 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:CMTG) 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.

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

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.