Media headlines about Colony Credit Real Estate (NYSE:CLNC) have been trending somewhat positive on Friday, according to Accern Sentiment Analysis. The research firm rates the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Colony Credit Real Estate earned a coverage optimism score of 0.25 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 46.8439262601266 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Separately, Zacks Investment Research upgraded Colony Credit Real Estate from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Monday, May 28th.
Shares of Colony Credit Real Estate stock opened at $20.59 on Friday. The company has a quick ratio of 6.73, a current ratio of 6.73 and a debt-to-equity ratio of 0.29. Colony Credit Real Estate has a 1-year low of $17.66 and a 1-year high of $22.00.
Colony Credit Real Estate (NYSE:CLNC) last issued its quarterly earnings results on Tuesday, August 7th. The company reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.10). The business had revenue of $30.13 million during the quarter, compared to analysts’ expectations of $135.80 million. research analysts expect that Colony Credit Real Estate will post 1.47 EPS for the current year.
The firm also recently declared a monthly dividend, which will be paid on Monday, September 10th. Shareholders of record on Friday, August 31st will be issued a dividend of $0.145 per share. The ex-dividend date is Thursday, August 30th. This represents a $1.74 dividend on an annualized basis and a yield of 8.45%.
About Colony Credit Real Estate
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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