Zacks: Colony Credit Real Estate Inc (NYSE:CLNC) Receives Average Rating of “Buy” from Analysts

Shares of Colony Credit Real Estate Inc (NYSE:CLNC) have received an average broker rating score of 1.50 (Buy) from the two analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a buy rating and one has issued a strong buy rating on the company. Colony Credit Real Estate’s rating score has improved by 25% from 90 days ago as a result of various analysts’ upgrades and downgrades.

Brokers have set a twelve-month consensus target price of $20.50 for the company and are expecting that the company will post $0.32 EPS for the current quarter, according to Zacks. Zacks has also given Colony Credit Real Estate an industry rank of 169 out of 256 based on the ratings given to related companies.

CLNC has been the topic of several research analyst reports. B. Riley initiated coverage on shares of Colony Credit Real Estate in a research note on Thursday, June 6th. They set a “buy” rating and a $20.00 target price on the stock. Zacks Investment Research raised shares of Colony Credit Real Estate from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 16th.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. boosted its stake in Colony Credit Real Estate by 11.6% during the fourth quarter. BlackRock Inc. now owns 5,590,192 shares of the company’s stock worth $88,268,000 after acquiring an additional 579,041 shares in the last quarter. Northern Trust Corp raised its holdings in Colony Credit Real Estate by 1.1% during the fourth quarter. Northern Trust Corp now owns 987,424 shares of the company’s stock worth $15,592,000 after buying an additional 10,668 shares during the last quarter. Geode Capital Management LLC raised its holdings in Colony Credit Real Estate by 5.7% during the fourth quarter. Geode Capital Management LLC now owns 904,317 shares of the company’s stock worth $14,279,000 after buying an additional 48,603 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in Colony Credit Real Estate by 12.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 557,406 shares of the company’s stock worth $8,729,000 after buying an additional 61,727 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings 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 during the last quarter. 25.47% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:CLNC traded up $0.03 during trading on Friday, reaching $16.04. The stock had a trading volume of 243,901 shares, compared to its average volume of 223,370. The business’s fifty day moving average is $15.69. The company has a current ratio of 4.69, a quick ratio of 4.69 and a debt-to-equity ratio of 0.51. Colony Credit Real Estate has a 52 week low of $15.10 and a 52 week high of $23.23. The stock has a market capitalization of $2.06 billion, a PE ratio of 22.91 and a beta of 0.44.

Colony Credit Real Estate (NYSE:CLNC) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.19). The firm had revenue of $21.96 million during the quarter, compared to the consensus estimate of $160.30 million. Colony Credit Real Estate had a negative net margin of 138.90% and a positive return on equity of 1.80%. As a group, research analysts predict that Colony Credit Real Estate will post 1.24 earnings per share for the current year.

The business also recently announced a monthly dividend, which will be paid on Friday, August 9th. Investors of record on Wednesday, July 31st will be paid a dividend of $0.145 per share. This represents a $1.74 annualized dividend and a yield of 10.85%. The ex-dividend date is Tuesday, July 30th. Colony Credit Real Estate’s dividend payout ratio is presently 248.57%.

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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