Claros Mortgage Trust, Inc. (NYSE:CMTG) Shares Sold by Swiss National Bank

Swiss National Bank trimmed its position in shares of Claros Mortgage Trust, Inc. (NYSE:CMTG) by 10.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 218,178 shares of the company’s stock after selling 24,600 shares during the period. Swiss National Bank owned approximately 0.16% of Claros Mortgage Trust worth $2,974,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Claros Mortgage Trust by 0.8% during the third quarter. Vanguard Group Inc. now owns 11,370,271 shares of the company’s stock worth $125,983,000 after acquiring an additional 91,413 shares during the period. State of New Jersey Common Pension Fund D purchased a new stake in Claros Mortgage Trust during the 3rd quarter worth about $710,000. Van ECK Associates Corp raised its position in Claros Mortgage Trust by 10.5% in the 3rd quarter. Van ECK Associates Corp now owns 316,708 shares of the company’s stock valued at $3,509,000 after purchasing an additional 30,106 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Claros Mortgage Trust by 2.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 857,991 shares of the company’s stock valued at $9,507,000 after buying an additional 18,609 shares during the period. Finally, New York State Common Retirement Fund grew its position in shares of Claros Mortgage Trust by 28.9% during the third quarter. New York State Common Retirement Fund now owns 74,041 shares of the company’s stock worth $820,000 after buying an additional 16,602 shares in the last quarter. 89.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on CMTG. JPMorgan Chase & Co. reduced their target price on shares of Claros Mortgage Trust from $11.00 to $9.50 and set a “neutral” rating on the stock in a report on Wednesday, April 10th. Keefe, Bruyette & Woods lowered their target price on shares of Claros Mortgage Trust from $9.75 to $9.50 and set an “underperform” rating for the company in a research note on Wednesday, April 10th. UBS Group dropped their target price on Claros Mortgage Trust from $11.50 to $10.00 and set a “neutral” rating on the stock in a report on Wednesday, March 20th. Finally, Wells Fargo & Company lowered their price objective on Claros Mortgage Trust from $11.00 to $9.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 8th.

Claros Mortgage Trust Stock Performance

NYSE:CMTG opened at $7.86 on Thursday. The company has a debt-to-equity ratio of 2.07, a current ratio of 26.27 and a quick ratio of 26.27. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of -12.68 and a beta of 1.59. The firm’s fifty day moving average price is $9.02 and its 200 day moving average price is $10.80. Claros Mortgage Trust, Inc. has a 1-year low of $7.83 and a 1-year high of $15.25.

Claros Mortgage Trust (NYSE:CMTG) last released its earnings results on Tuesday, February 20th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.19. Claros Mortgage Trust had a positive return on equity of 1.51% and a negative net margin of 28.16%. The company had revenue of $75.98 million for the quarter, compared to analysts’ expectations of $72.79 million. On average, sell-side analysts expect that Claros Mortgage Trust, Inc. will post 0.27 EPS for the current year.

Claros Mortgage Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 12.72%. The ex-dividend date was Wednesday, March 27th. Claros Mortgage Trust’s dividend payout ratio is currently -161.29%.

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.