Claros Mortgage Trust (NYSE:CMTG) Sees Unusually-High Trading Volume

Shares of Claros Mortgage Trust, Inc. (NYSE:CMTGGet Rating) saw unusually-high trading volume on Thursday . Approximately 6,310 shares changed hands during trading, a decline of 87% from the previous session’s volume of 50,294 shares.The stock last traded at $19.81 and had previously closed at $19.98.

CMTG has been the subject of a number of research reports. JPMorgan Chase & Co. lowered Claros Mortgage Trust from an “overweight” rating to a “neutral” rating and increased their price target for the company from $18.00 to $19.00 in a research note on Monday, April 25th. Zacks Investment Research raised Claros Mortgage Trust from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research note on Friday. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $19.10.

The business’s 50-day moving average is $18.05.

Claros Mortgage Trust (NYSE:CMTGGet Rating) last issued its quarterly earnings data on Tuesday, May 10th. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.07). The business had revenue of $57.93 million during the quarter. On average, equities analysts expect that Claros Mortgage Trust, Inc. will post 1.53 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 15th. Shareholders of record on Thursday, March 31st were given a dividend of $0.37 per share. The ex-dividend date was Wednesday, March 30th. This represents a $1.48 dividend on an annualized basis and a yield of 7.57%.

A number of hedge funds have recently modified their holdings of CMTG. JPMorgan Chase & Co. purchased a new stake in Claros Mortgage Trust during the first quarter valued at approximately $104,000. Sandia Investment Management LP purchased a new stake in shares of Claros Mortgage Trust in the fourth quarter worth approximately $246,000. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Claros Mortgage Trust in the first quarter worth approximately $251,000. Cannon Global Investment Management LLC purchased a new stake in shares of Claros Mortgage Trust in the first quarter worth approximately $310,000. Finally, Lindbrook Capital LLC purchased a new stake in shares of Claros Mortgage Trust in the first quarter worth approximately $1,020,000. Institutional investors and hedge funds own 54.78% of the company’s stock.

About Claros Mortgage Trust (NYSE:CMTG)

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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