Claros Mortgage Trust (NYSE:CMTG) Shares Gap Down to $9.14

Claros Mortgage Trust, Inc. (NYSE:CMTG) shares gapped down prior to trading on Tuesday . The stock had previously closed at $9.14, but opened at $8.85. Claros Mortgage Trust shares last traded at $8.85, with a volume of 6,911 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on CMTG shares. Keefe, Bruyette & Woods reduced their price objective on shares of Claros Mortgage Trust from $9.75 to $9.50 and set an “underperform” rating for the company in a research report on Wednesday, April 10th. UBS Group lowered their price target on shares of Claros Mortgage Trust from $11.50 to $10.00 and set a “neutral” rating on the stock in a report on Wednesday, March 20th. JPMorgan Chase & Co. reduced their price objective on Claros Mortgage Trust from $11.00 to $9.50 and set a “neutral” rating for the company in a report on Wednesday, April 10th. Finally, Wells Fargo & Company lowered their price target on shares of Claros Mortgage Trust from $11.00 to $9.00 and set an “equal weight” rating on the stock in a research report on Wednesday.

Claros Mortgage Trust Stock Up 1.3 %

The firm has a 50 day simple moving average of $9.26 and a two-hundred day simple moving average of $10.92. The company has a quick ratio of 25.03, a current ratio of 25.03 and a debt-to-equity ratio of 2.09. The stock has a market capitalization of $1.16 billion, a P/E ratio of -13.44 and a beta of 1.59.

Claros Mortgage Trust (NYSE:CMTG) last released its quarterly earnings data on Tuesday, February 20th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.19. The business had revenue of $75.98 million for the quarter, compared to analyst estimates of $72.79 million. Claros Mortgage Trust had a return on equity of 2.01% and a net margin of 1.97%. On average, equities research analysts expect that Claros Mortgage Trust, Inc. will post 0.66 earnings per share for the current year.

Claros Mortgage Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 12.00%. The ex-dividend date was Wednesday, March 27th. Claros Mortgage Trust’s payout ratio is -161.29%.

Institutional Trading of Claros Mortgage Trust

Hedge funds and other institutional investors have recently made changes to their positions in the company. State of New Jersey Common Pension Fund D bought a new stake in Claros Mortgage Trust in the third quarter valued at approximately $710,000. Penserra Capital Management LLC boosted its stake in shares of Claros Mortgage Trust by 14.4% in the 3rd quarter. Penserra Capital Management LLC now owns 44,986 shares of the company’s stock valued at $498,000 after purchasing an additional 5,671 shares during the last quarter. Van ECK Associates Corp raised its stake in Claros Mortgage Trust by 1.7% during the fourth quarter. Van ECK Associates Corp now owns 322,173 shares of the company’s stock worth $4,391,000 after buying an additional 5,465 shares during the last quarter. New York State Common Retirement Fund lifted its holdings in Claros Mortgage Trust by 28.9% in the third quarter. New York State Common Retirement Fund now owns 74,041 shares of the company’s stock valued at $820,000 after buying an additional 16,602 shares during the period. Finally, Nisa Investment Advisors LLC lifted its holdings in Claros Mortgage Trust by 5.4% in the third quarter. Nisa Investment Advisors LLC now owns 51,908 shares of the company’s stock valued at $575,000 after buying an additional 2,639 shares during the period. 89.53% of the stock is currently owned by institutional investors.

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.