Citigroup Inc. Sells 9,729 Shares of Colony Credit Real Estate Inc (NYSE:CLNC)

Citigroup Inc. decreased its position in shares of Colony Credit Real Estate Inc (NYSE:CLNC) by 42.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,431 shares of the company’s stock after selling 9,729 shares during the period. Citigroup Inc.’s holdings in Colony Credit Real Estate were worth $212,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Bank of Montreal Can grew its position in Colony Credit Real Estate by 17.4% during the fourth quarter. Bank of Montreal Can now owns 7,772 shares of the company’s stock worth $123,000 after buying an additional 1,154 shares in the last quarter. Ironwood Financial llc grew its position in Colony Credit Real Estate by 150.9% during the fourth quarter. Ironwood Financial llc now owns 2,923 shares of the company’s stock worth $46,000 after buying an additional 1,758 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Colony Credit Real Estate by 50.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,438 shares of the company’s stock worth $102,000 after buying an additional 2,159 shares in the last quarter. Clarus Wealth Advisors acquired a new stake in Colony Credit Real Estate during the fourth quarter worth about $59,000. Finally, Bank of New York Mellon Corp grew its position in Colony Credit Real Estate by 1.5% during the fourth quarter. Bank of New York Mellon Corp now owns 352,303 shares of the company’s stock worth $5,562,000 after buying an additional 5,146 shares in the last quarter. 23.93% of the stock is owned by hedge funds and other institutional investors.

NYSE CLNC traded up $0.05 during trading on Wednesday, reaching $15.53. 205,100 shares of the company traded hands, compared to its average volume of 271,613. 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 company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 22.40 and a beta of 0.50. Colony Credit Real Estate Inc has a 1-year low of $15.17 and a 1-year high of $23.23.

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 10th. Shareholders of record on Tuesday, April 30th will be issued a dividend of $0.145 per share. This represents a $1.74 dividend on an annualized basis and a yield of 11.20%. The ex-dividend date is Monday, April 29th. Colony Credit Real Estate’s payout ratio is 248.57%.

A number of equities research analysts have weighed in on CLNC shares. Zacks Investment Research raised Colony Credit Real Estate from a “sell” rating to a “hold” rating in a 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 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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Institutional Ownership by Quarter for Colony Credit Real Estate (NYSE:CLNC)

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