Claros Mortgage Trust, Inc. (NYSE:CMTG) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC reduced its holdings in shares of Claros Mortgage Trust, Inc. (NYSE:CMTG) by 10.2% during the 4th quarter, HoldingsChannel reports. The firm owned 33,774 shares of the company’s stock after selling 3,818 shares during the period. Nisa Investment Advisors LLC’s holdings in Claros Mortgage Trust were worth $153,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of CMTG. Blue Trust Inc. lifted its holdings 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 during the period. GSA Capital Partners LLP purchased a new position in Claros Mortgage Trust during the 3rd quarter worth $101,000. Intech Investment Management LLC acquired a new stake in shares of Claros Mortgage Trust in the 3rd quarter worth $114,000. SG Americas Securities LLC purchased a new stake in shares of Claros Mortgage Trust in the third quarter valued at about $150,000. Finally, Atria Investments Inc increased 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 worth $193,000 after acquiring an additional 5,823 shares during the period. 89.53% of the stock is currently owned by institutional investors and hedge funds.

Claros Mortgage Trust Stock Down 0.5 %

CMTG stock opened at $3.29 on Friday. The company has a current ratio of 20.68, a quick ratio of 20.68 and a debt-to-equity ratio of 2.11. The company’s 50-day moving average price is $4.85 and its 200 day moving average price is $6.67. Claros Mortgage Trust, Inc. has a 52 week low of $3.21 and a 52 week high of $12.41. The company has a market cap of $457.80 million, a P/E ratio of -5.21 and a beta of 1.62.

Claros Mortgage Trust (NYSE:CMTG) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.13 by $0.05. The business had revenue of $64.88 million for the quarter, compared to analyst estimates of $69.48 million. Claros Mortgage Trust had a positive return on equity of 5.60% and a negative net margin of 32.75%. During the same quarter in the previous year, the company earned ($0.16) EPS. On average, research analysts expect that Claros Mortgage Trust, Inc. will post -0.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. UBS Group upgraded shares of Claros Mortgage Trust from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $8.00 to $6.00 in a research report on Friday, January 10th. Keefe, Bruyette & Woods cut their target price on Claros Mortgage Trust from $6.50 to $4.00 and set an “underperform” rating for the company in a research note on Tuesday, January 14th. Finally, JPMorgan Chase & Co. decreased their price target 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. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $6.13.

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.