Waterfall Asset Management LLC Purchases New Stake in Claros Mortgage Trust, Inc. (NYSE:CMTG)

Waterfall Asset Management LLC purchased a new stake in Claros Mortgage Trust, Inc. (NYSE:CMTG) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 554,653 shares of the company’s stock, valued at approximately $4,448,000. Claros Mortgage Trust comprises 3.1% of Waterfall Asset Management LLC’s portfolio, making the stock its 6th largest holding. Waterfall Asset Management LLC owned 0.40% of Claros Mortgage Trust at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Gladius Capital Management LP bought a new position in Claros Mortgage Trust during the second quarter worth about $33,000. Covestor Ltd boosted its holdings in Claros Mortgage Trust by 349.4% during the first quarter. Covestor Ltd now owns 10,897 shares of the company’s stock worth $106,000 after buying an additional 8,472 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Claros Mortgage Trust by 32.2% during the first quarter. SG Americas Securities LLC now owns 10,891 shares of the company’s stock worth $106,000 after buying an additional 2,651 shares during the last quarter. Simplicity Wealth LLC bought a new position in Claros Mortgage Trust during the second quarter worth about $121,000. Finally, MQS Management LLC bought a new position in shares of Claros Mortgage Trust during the 1st quarter valued at about $128,000. Institutional investors own 89.53% of the company’s stock.

Analyst Ratings Changes

CMTG has been the topic of several recent analyst reports. Keefe, Bruyette & Woods cut their price objective on Claros Mortgage Trust from $8.50 to $8.00 and set an “underperform” rating on the stock in a report on Monday, August 12th. Wells Fargo & Company cut Claros Mortgage Trust from an “equal weight” rating to an “underweight” rating and set a $8.00 price objective on the stock. in a report on Friday. BTIG Research initiated coverage on Claros Mortgage Trust in a report on Friday, July 19th. They set a “neutral” rating on the stock. JMP Securities reiterated a “market perform” rating on shares of Claros Mortgage Trust in a report on Tuesday, June 11th. Finally, JPMorgan Chase & Co. lifted their price objective on Claros Mortgage Trust from $8.50 to $9.00 and gave the company a “neutral” rating in a report on Tuesday, July 16th. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $8.75.

Claros Mortgage Trust Stock Down 6.3 %

Shares of Claros Mortgage Trust stock opened at $8.04 on Friday. The business’s 50 day simple moving average is $8.40 and its 200 day simple moving average is $8.58. Claros Mortgage Trust, Inc. has a 52-week low of $6.80 and a 52-week high of $15.25. The firm has a market cap of $1.12 billion, a PE ratio of -12.97 and a beta of 1.50. The company has a debt-to-equity ratio of 2.12, a quick ratio of 28.19 and a current ratio of 28.19.

Claros Mortgage Trust (NYSE:CMTG) last announced its earnings results on Monday, August 5th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.10. The business had revenue of $64.49 million for the quarter, compared to analyst estimates of $64.25 million. Claros Mortgage Trust had a positive return on equity of 3.30% and a negative net margin of 35.47%. On average, analysts predict that Claros Mortgage Trust, Inc. will post 0.15 earnings per share for the current fiscal year.

Claros Mortgage Trust Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 4.98%. The ex-dividend date of this dividend is Monday, September 30th. Claros Mortgage Trust’s dividend payout ratio (DPR) is -64.52%.

Claros Mortgage Trust Company Profile

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.