Bank of America Corp DE Buys 38,197 Shares of Claros Mortgage Trust, Inc. (NYSE:CMTG)

Bank of America Corp DE increased its stake in Claros Mortgage Trust, Inc. (NYSE:CMTG) by 72.7% during the 4th quarter, Holdings Channel reports. The firm owned 90,751 shares of the company’s stock after purchasing an additional 38,197 shares during the quarter. Bank of America Corp DE’s holdings in Claros Mortgage Trust were worth $410,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of CMTG. SG Americas Securities LLC boosted its stake in shares of Claros Mortgage Trust by 18.4% during the fourth quarter. SG Americas Securities LLC now owns 23,769 shares of the company’s stock valued at $107,000 after purchasing an additional 3,694 shares during the period. Sei Investments Co. raised its holdings in Claros Mortgage Trust by 19.0% in the fourth quarter. Sei Investments Co. now owns 23,828 shares of the company’s stock worth $108,000 after purchasing an additional 3,800 shares in the last quarter. BNP Paribas Financial Markets bought a new position in Claros Mortgage Trust in the fourth quarter worth $46,000. Townsquare Capital LLC bought a new position in shares of Claros Mortgage Trust during the fourth quarter valued at $46,000. Finally, Envestnet Asset Management Inc. bought a new position in shares of Claros Mortgage Trust during the fourth quarter valued at $47,000. Hedge funds and other institutional investors own 89.53% of the company’s stock.

Claros Mortgage Trust Stock Down 0.3%

Shares of CMTG stock opened at $3.09 on Friday. The firm has a market capitalization of $431.96 million, a PE ratio of -1.94 and a beta of 1.17. Claros Mortgage Trust, Inc. has a fifty-two week low of $2.13 and a fifty-two week high of $9.81. The stock’s 50-day simple moving average is $2.55 and its 200-day simple moving average is $3.51. The company has a debt-to-equity ratio of 2.08, a quick ratio of 20.68 and a current ratio of 25.67.

Claros Mortgage Trust (NYSE:CMTG) last released its earnings results on Wednesday, May 7th. The company reported ($0.25) earnings per share for the quarter, beating the consensus estimate of ($0.32) by $0.07. Claros Mortgage Trust had a positive return on equity of 4.72% and a negative net margin of 89.07%. The business had revenue of $44.50 million for the quarter, compared to the consensus estimate of $41.91 million. Equities analysts expect that Claros Mortgage Trust, Inc. will post 0.27 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CMTG shares. Wells Fargo & Company reduced their price target on Claros Mortgage Trust from $8.00 to $3.00 and set an “underweight” rating for the company in a report on Tuesday, February 25th. Keefe, Bruyette & Woods lowered their price target on Claros Mortgage Trust from $2.50 to $2.25 and set an “underperform” rating on the stock in a report on Monday, May 12th. Finally, UBS Group reaffirmed a “buy” rating and issued a $4.00 price objective (up previously from $3.50) on shares of Claros Mortgage Trust in a research note on Wednesday, May 21st. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $3.94.

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.