15,207 Shares in Claros Mortgage Trust, Inc. (NYSE:CMTG) Bought by Intech Investment Management LLC

Intech Investment Management LLC bought a new stake in Claros Mortgage Trust, Inc. (NYSE:CMTG) during the third quarter, HoldingsChannel reports. The fund bought 15,207 shares of the company’s stock, valued at approximately $114,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Quest Partners LLC increased its stake in Claros Mortgage Trust by 5,222.4% in the third quarter. Quest Partners LLC now owns 41,515 shares of the company’s stock valued at $311,000 after acquiring an additional 40,735 shares during the last quarter. GSA Capital Partners LLP bought a new position in Claros Mortgage Trust in the third quarter valued at $101,000. Atria Investments Inc increased its stake in Claros Mortgage Trust by 29.2% in the third quarter. Atria Investments Inc now owns 25,743 shares of the company’s stock valued at $193,000 after acquiring an additional 5,823 shares during the last quarter. Blue Trust Inc. increased its stake in Claros Mortgage Trust by 2,260.7% in the third quarter. Blue Trust Inc. now owns 5,406 shares of the company’s stock valued at $43,000 after acquiring an additional 5,177 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in Claros Mortgage Trust in the third quarter valued at $150,000. Institutional investors own 89.53% of the company’s stock.

Claros Mortgage Trust Stock Down 1.9 %

NYSE CMTG opened at $6.17 on Friday. The company has a debt-to-equity ratio of 2.11, a current ratio of 20.68 and a quick ratio of 20.68. The stock has a market capitalization of $859.85 million, a PE ratio of -9.79 and a beta of 1.52. Claros Mortgage Trust, Inc. has a 1 year low of $6.07 and a 1 year high of $15.25. The business’s 50-day moving average is $6.63 and its 200 day moving average is $7.66.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Keefe, Bruyette & Woods increased their target price on Claros Mortgage Trust from $6.75 to $7.25 and gave the company an “underperform” rating in a research note on Tuesday, November 12th. UBS Group reduced their price objective on Claros Mortgage Trust from $8.50 to $8.00 and set a “neutral” rating on the stock in a research note on Friday, November 15th. JPMorgan Chase & Co. reduced their price objective on Claros Mortgage Trust from $9.00 to $6.50 and set a “neutral” rating on the stock in a research note on Thursday, October 17th. Finally, 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 research note on Friday, September 20th. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $7.44.

Claros Mortgage Trust 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.