SG Americas Securities LLC Sells 12,318 Shares of Claros Mortgage Trust, Inc. (NYSE:CMTG)

SG Americas Securities LLC lowered its stake in shares of Claros Mortgage Trust, Inc. (NYSE:CMTG) by 59.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 8,240 shares of the company’s stock after selling 12,318 shares during the quarter. SG Americas Securities LLC’s holdings in Claros Mortgage Trust were worth $112,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. State of New Jersey Common Pension Fund D bought a new stake in Claros Mortgage Trust in the third quarter worth about $710,000. Penserra Capital Management LLC lifted its stake in shares of Claros Mortgage Trust by 14.4% during the 3rd quarter. Penserra Capital Management LLC now owns 44,986 shares of the company’s stock worth $498,000 after acquiring an additional 5,671 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in Claros Mortgage Trust by 28.9% during the 3rd quarter. New York State Common Retirement Fund now owns 74,041 shares of the company’s stock valued at $820,000 after acquiring an additional 16,602 shares during the period. Nisa Investment Advisors LLC grew its position in Claros Mortgage Trust by 5.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 51,908 shares of the company’s stock valued at $575,000 after acquiring an additional 2,639 shares during the last quarter. Finally, Principal Financial Group Inc. purchased a new stake in Claros Mortgage Trust in the third quarter worth $149,000. Hedge funds and other institutional investors own 89.53% of the company’s stock.

Analyst Ratings Changes

CMTG has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lowered their target price on shares of Claros Mortgage Trust from $11.00 to $9.50 and set a “neutral” rating for the company in a research note on Wednesday, April 10th. UBS Group dropped their target price on shares of Claros Mortgage Trust from $11.50 to $10.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 20th. Finally, Keefe, Bruyette & Woods decreased their price target 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. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat.com, Claros Mortgage Trust presently has a consensus rating of “Hold” and an average target price of $10.00.

Claros Mortgage Trust Stock Up 0.7 %

Shares of Claros Mortgage Trust stock opened at $8.95 on Friday. The company has a debt-to-equity ratio of 2.09, a current ratio of 25.03 and a quick ratio of 25.03. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 447.72 and a beta of 1.58. The firm’s 50-day moving average is $9.50 and its two-hundred day moving average is $11.16. Claros Mortgage Trust, Inc. has a 1 year low of $8.37 and a 1 year high of $15.25.

Claros Mortgage Trust (NYSE:CMTG) last announced its quarterly earnings results on Tuesday, February 20th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.19. The business had revenue of $75.98 million for the quarter, compared to the consensus estimate of $72.79 million. Claros Mortgage Trust had a return on equity of 2.01% and a net margin of 1.97%. As a group, research analysts expect that Claros Mortgage Trust, Inc. will post 0.66 earnings per share for the current fiscal year.

Claros Mortgage Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 11.17%. The ex-dividend date was Wednesday, March 27th. Claros Mortgage Trust’s payout ratio is 5,002.50%.

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.