Smart Money Group LLC Has $1.22 Million Stake in Colony Credit Real Estate Inc (NYSE:CLNC)

Smart Money Group LLC lessened its stake in Colony Credit Real Estate Inc (NYSE:CLNC) by 18.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,405 shares of the company’s stock after selling 17,929 shares during the quarter. Colony Credit Real Estate accounts for 1.3% of Smart Money Group LLC’s investment portfolio, making the stock its 28th largest position. Smart Money Group LLC owned approximately 0.06% of Colony Credit Real Estate worth $1,222,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of Montreal Can grew its stake in Colony Credit Real Estate by 17.4% in the 4th quarter. Bank of Montreal Can now owns 7,772 shares of the company’s stock valued at $123,000 after acquiring an additional 1,154 shares during the last quarter. Ironwood Financial llc grew its stake in Colony Credit Real Estate by 150.9% in the 4th quarter. Ironwood Financial llc now owns 2,923 shares of the company’s stock valued at $46,000 after acquiring an additional 1,758 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Colony Credit Real Estate by 50.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,438 shares of the company’s stock valued at $102,000 after acquiring an additional 2,159 shares during the last quarter. McAdam LLC grew its stake in Colony Credit Real Estate by 35.4% in the 3rd quarter. McAdam LLC now owns 9,754 shares of the company’s stock valued at $208,000 after acquiring an additional 2,551 shares during the last quarter. Finally, Sound Income Strategies LLC grew its stake in Colony Credit Real Estate by 24.7% in the 3rd quarter. Sound Income Strategies LLC now owns 15,100 shares of the company’s stock valued at $332,000 after acquiring an additional 2,994 shares during the last quarter. Institutional investors and hedge funds own 22.23% of the company’s stock.

NYSE CLNC opened at $17.32 on Thursday. Colony Credit Real Estate Inc has a one year low of $15.38 and a one year high of $23.23. The company has a current ratio of 4.48, a quick ratio of 4.48 and a debt-to-equity ratio of 0.36.

The firm also recently declared a monthly dividend, which was paid on Monday, February 11th. Investors of record on Thursday, January 31st were issued a $0.145 dividend. The ex-dividend date was Wednesday, January 30th. This represents a $1.74 annualized dividend and a yield of 10.05%.

Several research firms recently issued reports on CLNC. Zacks Investment Research cut shares of Colony Credit Real Estate from a “hold” rating to a “sell” rating in a research report on Thursday, November 15th. Raymond James decreased their target price on shares of Colony Credit Real Estate from $23.50 to $23.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 14th.

TRADEMARK VIOLATION NOTICE: “Smart Money Group LLC Has $1.22 Million Stake in Colony Credit Real Estate Inc (NYSE:CLNC)” was first reported by Baseball Daily News and is the property of of Baseball Daily News. If you are viewing this article on another domain, it was stolen and reposted in violation of U.S. and international trademark and copyright laws. The correct version of this article can be viewed at https://www.baseballdailydigest.com/news/2019/02/14/colony-credit-real-estate-inc-clnc-shares-sold-by-smart-money-group-llc.html.

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.

See Also: Tariff

Institutional Ownership by Quarter for Colony Credit Real Estate (NYSE:CLNC)

Receive News & Ratings for Colony Credit Real Estate Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Colony Credit Real Estate and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply