Nisa Investment Advisors LLC lifted its position in shares of Claros Mortgage Trust, Inc. (NYSE:CMTG - Get Rating) by 73.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,986 shares of the company's stock after purchasing an additional 19,886 shares during the quarter. Nisa Investment Advisors LLC's holdings in Claros Mortgage Trust were worth $561,000 as of its most recent filing with the Securities and Exchange Commission.
→ Know Your Profit Potential BEFORE You Trade! (From Tradewins)
Several other institutional investors also recently modified their holdings of the company. Teacher Retirement System of Texas grew its holdings in shares of Claros Mortgage Trust by 87.5% during the 3rd quarter. Teacher Retirement System of Texas now owns 7,498,001 shares of the company's stock worth $88,026,000 after purchasing an additional 3,500,000 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Claros Mortgage Trust by 24.1% during the 2nd quarter. Northern Trust Corp now owns 3,103,362 shares of the company's stock worth $51,981,000 after purchasing an additional 603,362 shares in the last quarter. Tesco Pension Investment Ltd acquired a new stake in shares of Claros Mortgage Trust during the 2nd quarter worth approximately $33,500,000. State Street Corp acquired a new stake in shares of Claros Mortgage Trust during the 2nd quarter worth approximately $19,780,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of Claros Mortgage Trust during the 2nd quarter worth approximately $2,208,000. Institutional investors and hedge funds own 71.49% of the company's stock.
Shares of CMTG opened at $16.35 on Tuesday. The stock has a fifty day moving average price of $16.16 and a two-hundred day moving average price of $16.27. The company has a debt-to-equity ratio of 1.98, a quick ratio of 60.83 and a current ratio of 60.83. Claros Mortgage Trust, Inc. has a 52-week low of $11.53 and a 52-week high of $21.09. The company has a market cap of $2.26 billion, a price-to-earnings ratio of 15.14 and a beta of 1.84.
Claros Mortgage Trust (NYSE:CMTG - Get Rating) last issued its quarterly earnings data on Wednesday, November 9th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.03). Claros Mortgage Trust had a net margin of 55.82% and a return on equity of 7.04%. The business had revenue of $76.42 million during the quarter, compared to the consensus estimate of $77.72 million. Analysts predict that Claros Mortgage Trust, Inc. will post 1.4 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 13th. Shareholders of record on Friday, December 30th were given a $0.37 dividend. The ex-dividend date was Thursday, December 29th. This represents a $1.48 annualized dividend and a yield of 9.05%. Claros Mortgage Trust's payout ratio is 137.04%.
Several analysts recently commented on CMTG shares. JPMorgan Chase & Co. decreased their price target on Claros Mortgage Trust from $17.00 to $15.50 and set an "underweight" rating on the stock in a research note on Monday, October 24th. UBS Group decreased their price target on Claros Mortgage Trust from $19.00 to $17.50 and set a "neutral" rating on the stock in a research note on Wednesday, December 21st. Finally, Keefe, Bruyette & Woods lowered Claros Mortgage Trust from a "market perform" rating to an "underperform" rating and set a $16.00 price target on the stock. in a research note on Thursday, December 15th.
Claros Mortgage Trust, Inc is a real estate investment trust that focuses primarily on originating senior and subordinate loans on transitional commercial real estate assets located in principal markets across the United States. The company is qualified as a real estate investment trust (REIT) under the Internal Revenue Code.
Want to see what other hedge funds are holding CMTG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Claros Mortgage Trust, Inc. (NYSE:CMTG - Get Rating).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Before you consider Claros Mortgage Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Claros Mortgage Trust wasn't on the list.
While Claros Mortgage Trust currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.