UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 39,033 Shares of Claros Mortgage Trust, Inc. (NYSE:CMTG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in Claros Mortgage Trust, Inc. (NYSE:CMTG) by 14.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 226,763 shares of the company’s stock after selling 39,033 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Claros Mortgage Trust were worth $1,698,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. 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 worth $43,000 after purchasing an additional 5,177 shares during the period. GSA Capital Partners LLP purchased a new position in Claros Mortgage Trust in the 3rd quarter worth about $101,000. Intech Investment Management LLC bought a new stake in Claros Mortgage Trust during the 3rd quarter valued at about $114,000. SG Americas Securities LLC purchased a new stake in Claros Mortgage Trust in the 3rd quarter valued at about $150,000. Finally, Atria Investments Inc increased its position in shares of Claros Mortgage Trust by 29.2% during the third quarter. Atria Investments Inc now owns 25,743 shares of the company’s stock worth $193,000 after acquiring an additional 5,823 shares during the period. 89.53% of the stock is owned by hedge funds and other institutional investors.

Claros Mortgage Trust Trading Down 1.7 %

Shares of NYSE:CMTG opened at $6.28 on Tuesday. The company has a market capitalization of $875.18 million, a PE ratio of -9.97 and a beta of 1.52. The company has a current ratio of 20.68, a quick ratio of 20.68 and a debt-to-equity ratio of 2.11. Claros Mortgage Trust, Inc. has a 12-month low of $6.07 and a 12-month high of $14.69. The business’s fifty day simple moving average is $6.57 and its 200-day simple moving average is $7.63.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CMTG. JPMorgan Chase & Co. lowered their price target on Claros Mortgage Trust from $9.00 to $6.50 and set a “neutral” rating for the company in a report on Thursday, October 17th. UBS Group dropped their price target on Claros Mortgage Trust from $8.50 to $8.00 and set a “neutral” rating on the stock in a research report on Friday, November 15th. Wells Fargo & Company downgraded Claros Mortgage Trust from an “equal weight” rating to an “underweight” rating and set a $8.00 price objective for the company. in a report on Friday, September 20th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Claros Mortgage Trust from $6.75 to $7.25 and gave the stock an “underperform” rating in a report on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $7.44.

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.