Colony Credit Real Estate Inc (NYSE:CLNC) announced a monthly dividend on Tuesday, April 16th, Wall Street Journal reports. Shareholders of record on Tuesday, April 30th will be given a dividend of 0.145 per share on Friday, May 10th. This represents a $1.74 dividend on an annualized basis and a yield of 11.25%. The ex-dividend date is Monday, April 29th.
NYSE CLNC opened at $15.46 on Wednesday. Colony Credit Real Estate has a twelve month low of $15.32 and a twelve month high of $23.23. 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 stock has a market cap of $2.00 billion, a price-to-earnings ratio of 22.09 and a beta of 0.50.
An institutional investor recently bought a new position in Colony Credit Real Estate stock. Dimensional Fund Advisors LP acquired a new position in Colony Credit Real Estate Inc (NYSE:CLNC) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 19,417 shares of the company’s stock, valued at approximately $307,000. Institutional investors and hedge funds own 23.93% of the company’s stock.
A number of equities research analysts have weighed in on CLNC shares. Zacks Investment Research upgraded Colony Credit Real Estate from a “sell” rating to a “hold” rating in a research report on Tuesday, January 15th. Raymond James decreased their price objective 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.
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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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