Colony Credit Real Estate (NYSE:CLNC) Hits New 1-Year Low at $15.10

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Shares of Colony Credit Real Estate Inc (NYSE:CLNC) hit a new 52-week low on Thursday . The company traded as low as $15.10 and last traded at $15.31, with a volume of 244911 shares changing hands. The stock had previously closed at $15.27.

CLNC has been the topic of a number of research analyst reports. B. Riley initiated coverage on Colony Credit Real Estate in a report on Thursday, June 6th. They issued a “buy” rating and a $20.00 target price on the stock. Raymond James reduced their target price on Colony Credit Real Estate from $23.00 to $21.00 and set an “outperform” rating on the stock in a report on Wednesday, March 6th. Finally, Zacks Investment Research downgraded Colony Credit Real Estate from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 8th.

The company has a market capitalization of $1.99 billion, a price-to-earnings ratio of 21.87 and a beta of 0.42. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.69 and a quick ratio of 4.69. The stock has a 50-day simple moving average of $15.63.

Colony Credit Real Estate (NYSE:CLNC) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.19). Colony Credit Real Estate had a positive return on equity of 1.80% and a negative net margin of 138.90%. The business had revenue of $21.96 million during the quarter, compared to the consensus estimate of $160.30 million. On average, equities research analysts predict that Colony Credit Real Estate Inc will post 1.24 EPS for the current fiscal year.

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Sunday, June 30th will be given a $0.145 dividend. This represents a $1.74 annualized dividend and a dividend yield of 11.37%. The ex-dividend date is Thursday, June 27th. Colony Credit Real Estate’s dividend payout ratio (DPR) is presently 248.57%.

Several institutional investors and hedge funds have recently modified their holdings of CLNC. BlackRock Inc. grew its stake in shares of Colony Credit Real Estate by 11.6% in the 4th quarter. BlackRock Inc. now owns 5,590,192 shares of the company’s stock valued at $88,268,000 after buying an additional 579,041 shares during the period. FMR LLC grew its stake in shares of Colony Credit Real Estate by 48.4% in the 4th quarter. FMR LLC now owns 1,353,073 shares of the company’s stock valued at $21,365,000 after buying an additional 441,450 shares during the period. Weiss Asset Management LP acquired a new stake in shares of Colony Credit Real Estate in the 1st quarter valued at about $2,875,000. California Public Employees Retirement System grew its stake in shares of Colony Credit Real Estate by 628.3% in the 4th quarter. California Public Employees Retirement System now owns 115,915 shares of the company’s stock valued at $1,830,000 after buying an additional 100,000 shares during the period. Finally, Kalos Management Inc. acquired a new stake in shares of Colony Credit Real Estate in the 4th quarter valued at about $1,442,000. Institutional investors own 26.06% of the company’s stock.

About Colony Credit Real Estate (NYSE:CLNC)

Colony Credit Real Estate, Inc operates as a commercial real estate (CRE) credit real estate investment trust in the United States. It focuses on originating, acquiring, financing, and managing a portfolio of CRE senior mortgage loans, mezzanine loans, preferred equity, debt securities, and net leased properties.

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