Geode Capital Management LLC Has $17.38 Million Position in Claros Mortgage Trust, Inc. (NYSE:CMTG)

Geode Capital Management LLC lessened its position in Claros Mortgage Trust, Inc. (NYSE:CMTG) by 1.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,320,060 shares of the company’s stock after selling 38,721 shares during the period. Geode Capital Management LLC’s holdings in Claros Mortgage Trust were worth $17,381,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. The Manufacturers Life Insurance Company grew its holdings in Claros Mortgage Trust by 6.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 45,992 shares of the company’s stock worth $369,000 after acquiring an additional 2,885 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Claros Mortgage Trust by 2,260.7% during 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 in the last quarter. Atria Investments Inc grew its stake 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 valued at $193,000 after purchasing an additional 5,823 shares during the last quarter. State Street Corp increased its holdings in shares of Claros Mortgage Trust by 0.3% in the third quarter. State Street Corp now owns 2,165,863 shares of the company’s stock valued at $16,436,000 after purchasing an additional 6,882 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new position in Claros Mortgage Trust in the 3rd quarter worth approximately $101,000. Institutional investors own 89.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Wells Fargo & Company lowered 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 report on Friday, September 20th. JPMorgan Chase & Co. lowered their price objective on Claros Mortgage Trust from $9.00 to $6.50 and set a “neutral” rating for the company in a research report on Thursday, October 17th. UBS Group cut their target price on shares of 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. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Claros Mortgage Trust from $6.75 to $7.25 and gave the stock an “underperform” rating in a research report on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat, Claros Mortgage Trust has an average rating of “Hold” and a consensus price target of $7.44.

Claros Mortgage Trust Stock Down 5.3 %

NYSE:CMTG opened at $4.09 on Monday. Claros Mortgage Trust, Inc. has a 1 year low of $3.94 and a 1 year high of $14.27. The stock has a 50-day moving average price of $6.20 and a two-hundred day moving average price of $7.38. The stock has a market cap of $569.99 million, a price-to-earnings ratio of -6.49 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 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.