Nisa Investment Advisors LLC Sells 7,508 Shares of Claros Mortgage Trust, Inc. (NYSE:CMTG)

Nisa Investment Advisors LLC lowered its position in Claros Mortgage Trust, Inc. (NYSE:CMTG) by 16.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,592 shares of the company’s stock after selling 7,508 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Claros Mortgage Trust were worth $286,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. ProShare Advisors LLC boosted its stake in shares of Claros Mortgage Trust by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 16,316 shares of the company’s stock valued at $159,000 after purchasing an additional 1,284 shares in the last quarter. SG Americas Securities LLC boosted its position 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 valued at $106,000 after buying an additional 2,651 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of Claros Mortgage Trust by 6.7% during the second quarter. The Manufacturers Life Insurance Company now owns 45,992 shares of the company’s stock valued at $369,000 after buying an additional 2,885 shares during the last quarter. Gladius Capital Management LP bought a new position in shares of Claros Mortgage Trust during the second quarter valued at about $33,000. Finally, Blue Trust Inc. increased its holdings in shares of 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 buying an additional 5,177 shares during the period. 89.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CMTG has been the topic of several recent research reports. Wells Fargo & Company lowered Claros Mortgage Trust from an “equal weight” rating to an “underweight” rating and set a $8.00 price target on the stock. in a research report on Friday, September 20th. JPMorgan Chase & Co. decreased their target price on shares of 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. BTIG Research started coverage on shares of Claros Mortgage Trust in a research report on Friday, July 19th. They set a “neutral” rating for the company. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Claros Mortgage Trust from $8.50 to $8.00 and set an “underperform” rating on the stock in a research report on Monday, August 12th. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $8.13.

Claros Mortgage Trust Price Performance

Shares of Claros Mortgage Trust stock opened at $7.26 on Thursday. The business has a 50 day moving average of $7.14 and a 200 day moving average of $7.96. Claros Mortgage Trust, Inc. has a 52 week low of $6.08 and a 52 week high of $15.25. The company has a market cap of $1.01 billion, a PE ratio of -9.95 and a beta of 1.51. The company has a quick ratio of 28.19, a current ratio of 28.19 and a debt-to-equity ratio of 2.12.

Claros Mortgage Trust (NYSE:CMTG) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.07 by $0.10. The business had revenue of $64.49 million during the quarter, compared to analyst estimates of $64.25 million. Claros Mortgage Trust had a negative net margin of 35.47% and a positive return on equity of 3.30%. As a group, equities research analysts forecast that Claros Mortgage Trust, Inc. will post 0.21 earnings per share for the current year.

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.