Shares of Colony Credit Real Estate Inc (NYSE:CLNC) have received a consensus broker rating score of 2.00 (Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a buy recommendation.
Analysts have set a 1-year consensus price target of $21.00 for the company and are expecting that the company will post $0.40 EPS for the current quarter, according to Zacks. Zacks has also assigned Colony Credit Real Estate an industry rank of 31 out of 255 based on the ratings given to related companies.
A number of analysts have recently weighed in on the company. Raymond James lowered their price objective on Colony Credit Real Estate from $23.00 to $21.00 and set an “outperform” rating for the company in a research report on Wednesday, March 6th. Zacks Investment Research raised Colony Credit Real Estate from a “sell” rating to a “hold” rating in a research report on Tuesday, January 15th.
Several institutional investors have recently bought and sold shares of the company. Virtu Financial LLC acquired a new stake in shares of Colony Credit Real Estate in the 1st quarter worth $174,000. Comprehensive Portfolio Management LLC acquired a new stake in Colony Credit Real Estate during the 1st quarter worth about $168,000. Canton Hathaway LLC acquired a new stake in Colony Credit Real Estate during the 1st quarter worth about $85,000. Geode Capital Management LLC lifted its position in Colony Credit Real Estate by 5.7% during the 4th quarter. Geode Capital Management LLC now owns 904,317 shares of the company’s stock worth $14,279,000 after acquiring an additional 48,603 shares during the period. Finally, Belpointe Asset Management LLC lifted its position in Colony Credit Real Estate by 28.3% during the 4th quarter. Belpointe Asset Management LLC now owns 21,256 shares of the company’s stock worth $336,000 after acquiring an additional 4,691 shares during the period. 23.93% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:CLNC traded down $0.21 on Wednesday, reaching $15.56. The company had a trading volume of 159,211 shares, compared to its average volume of 278,949. Colony Credit Real Estate has a 52-week low of $15.32 and a 52-week high of $23.23. The company has a market capitalization of $2.03 billion, a PE ratio of 22.23 and a beta of 0.50. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.51.
The firm also recently disclosed a monthly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Friday, March 29th were given a $0.145 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 11.18%. Colony Credit Real Estate’s payout ratio is 248.57%.
Colony Credit Real Estate Company Profile
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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