Claros Mortgage Trust, Inc. (NYSE:CMTG – Get Rating) Director W Edward Walter purchased 20,215 shares of the company’s stock in a transaction on Wednesday, August 17th. The stock was acquired at an average cost of $18.54 per share, for a total transaction of $374,786.10. Following the completion of the purchase, the director now owns 32,715 shares of the company’s stock, valued at approximately $606,536.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Claros Mortgage Trust Price Performance
Shares of NYSE:CMTG opened at $18.60 on Friday. The company has a quick ratio of 76.73, a current ratio of 76.73 and a debt-to-equity ratio of 1.91. Claros Mortgage Trust, Inc. has a twelve month low of $14.96 and a twelve month high of $21.09. The stock’s 50 day moving average is $18.20 and its 200-day moving average is $18.23. The firm has a market capitalization of $2.60 billion and a price-to-earnings ratio of 15.76.
Claros Mortgage Trust Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 7.96%. The ex-dividend date was Wednesday, June 29th. Claros Mortgage Trust’s payout ratio is 125.42%.
Analysts Set New Price Targets
CMTG has been the topic of several recent analyst reports. UBS Group boosted their price target on Claros Mortgage Trust to $19.00 and gave the company a “na” rating in a research note on Tuesday, May 17th. JPMorgan Chase & Co. lowered Claros Mortgage Trust from an “overweight” rating to a “neutral” rating and boosted their price target for the company from $18.00 to $19.00 in a research note on Monday, April 25th. Finally, Wells Fargo & Company dropped their price target on Claros Mortgage Trust to $22.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 18th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $19.40.
Hedge Funds Weigh In On Claros Mortgage Trust
A number of institutional investors have recently modified their holdings of CMTG. Sandia Investment Management LP purchased a new stake in Claros Mortgage Trust in the 4th quarter valued at $246,000. Teacher Retirement System of Texas purchased a new stake in Claros Mortgage Trust in the 4th quarter valued at $122,892,000. Long Pond Capital LP purchased a new stake in Claros Mortgage Trust in the 4th quarter valued at $13,091,000. Wafra Inc. purchased a new stake in Claros Mortgage Trust in the 4th quarter valued at $68,000,000. Finally, Northern Trust Corp purchased a new stake in Claros Mortgage Trust in the 4th quarter valued at $40,975,000. 54.78% of the stock is owned by institutional investors and hedge funds.
About Claros Mortgage Trust
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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.
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W Edward Walter Acquires 20,215 Shares of Claros Mortgage Trust, Inc. (NYSE:CMTG) Stock & Latest News Update
W Edward Walter Acquires 20,215 Shares of Claros Mortgage Trust, Inc. (NYSE:CMTG) Stock & More Live News
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