Allspring Global Investments Holdings LLC purchased a new stake in Claros Mortgage Trust, Inc. (NYSE:CMTG – Get Rating) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 2,561 shares of the company's stock, valued at approximately $30,000.
Other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. purchased a new position in Claros Mortgage Trust during the first quarter valued at $104,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Claros Mortgage Trust in the 1st quarter worth about $251,000. Bank of America Corp DE purchased a new position in shares of Claros Mortgage Trust in the 1st quarter worth about $137,000. Strs Ohio purchased a new position in shares of Claros Mortgage Trust in the 2nd quarter worth about $360,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Claros Mortgage Trust in the 2nd quarter worth about $441,000. Institutional investors own 71.49% of the company's stock.
Get Claros Mortgage Trust alerts:Claros Mortgage Trust Trading Down 1.1 %
Shares of NYSE:CMTG opened at $16.56 on Thursday. The stock has a 50 day moving average of $16.23 and a 200 day moving average of $16.32. The company has a market cap of $2.29 billion, a PE ratio of 15.33 and a beta of 1.84. The company has a current ratio of 60.83, a quick ratio of 60.83 and a debt-to-equity ratio of 1.98. Claros Mortgage Trust, Inc. has a 12-month low of $11.53 and a 12-month high of $21.09.
Claros Mortgage Trust (NYSE:CMTG – Get Rating) last announced its quarterly earnings data on Wednesday, November 9th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). Claros Mortgage Trust had a net margin of 55.82% and a return on equity of 7.04%. The company had revenue of $76.42 million for the quarter, compared to the consensus estimate of $77.72 million. As a group, equities research analysts expect that Claros Mortgage Trust, Inc. will post 1.38 EPS for the current year.Claros Mortgage Trust Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, January 13th. Investors of record on Friday, December 30th were issued a $0.37 dividend. The ex-dividend date was Thursday, December 29th. This represents a $1.48 dividend on an annualized basis and a yield of 8.94%. Claros Mortgage Trust's dividend payout ratio is presently 137.04%.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on the company. JPMorgan Chase & Co. reduced their price objective on Claros Mortgage Trust from $17.00 to $15.50 and set an "underweight" rating for the company in a report on Monday, October 24th. Keefe, Bruyette & Woods downgraded Claros Mortgage Trust from a "market perform" rating to an "underperform" rating and set a $16.00 price objective for the company. in a report on Thursday, December 15th. Finally, UBS Group cut their price target on Claros Mortgage Trust from $19.00 to $17.50 and set a "neutral" rating for the company in a research note on Wednesday, December 21st.
Claros Mortgage Trust Company Profile
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Claros Mortgage Trust, Inc is a real estate investment trust that focuses primarily on originating senior and subordinate loans on transitional commercial real estate assets located in principal markets across the United States. The company is qualified as a real estate investment trust (REIT) under the Internal Revenue Code.
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