Swiss National Bank Sells 24,600 Shares of Claros Mortgage Trust, Inc. (NYSE:CMTG)

Swiss National Bank cut its position in shares of Claros Mortgage Trust, Inc. (NYSE:CMTG) by 10.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 218,178 shares of the company’s stock after selling 24,600 shares during the quarter. Swiss National Bank’s holdings in Claros Mortgage Trust were worth $2,974,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Victory Capital Management Inc. grew its position in Claros Mortgage Trust by 22.7% in the 4th quarter. Victory Capital Management Inc. now owns 17,353 shares of the company’s stock worth $237,000 after purchasing an additional 3,209 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of Claros Mortgage Trust by 1.7% during the 4th quarter. Van ECK Associates Corp now owns 322,173 shares of the company’s stock worth $4,391,000 after acquiring an additional 5,465 shares during the last quarter. Handelsbanken Fonder AB increased its position in shares of Claros Mortgage Trust by 90.0% during the 4th quarter. Handelsbanken Fonder AB now owns 24,700 shares of the company’s stock valued at $337,000 after purchasing an additional 11,700 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Claros Mortgage Trust by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 11,370,271 shares of the company’s stock valued at $125,983,000 after purchasing an additional 91,413 shares during the last quarter. Finally, Penserra Capital Management LLC increased its stake in Claros Mortgage Trust by 14.4% in the 3rd quarter. Penserra Capital Management LLC now owns 44,986 shares of the company’s stock worth $498,000 after purchasing an additional 5,671 shares during the period. 89.53% of the stock is owned by institutional investors.

Claros Mortgage Trust Price Performance

CMTG opened at $7.86 on Thursday. The company has a current ratio of 26.27, a quick ratio of 26.27 and a debt-to-equity ratio of 2.07. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of -12.68 and a beta of 1.59. The business’s fifty day simple moving average is $9.02 and its 200-day simple moving average is $10.80. Claros Mortgage Trust, Inc. has a 12-month low of $7.83 and a 12-month high of $15.25.

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

Claros Mortgage Trust Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CMTG shares. JPMorgan Chase & Co. cut 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 research note on Wednesday, April 10th. Wells Fargo & Company reduced 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. UBS Group reduced their price target on Claros Mortgage Trust from $11.50 to $10.00 and set a “neutral” rating for the company in a research report on Wednesday, March 20th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Claros Mortgage Trust from $9.75 to $9.50 and set an “underperform” rating on the stock in a research note on Wednesday, April 10th.

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.