Colony Credit Real Estate (NYSE:CLNC) PT Lowered to $18.00

Colony Credit Real Estate (NYSE:CLNC) had its price objective decreased by investment analysts at Raymond James to $18.00 in a report issued on Monday, The Fly reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price target would suggest a potential upside of 37.51% from the company’s previous close.

CLNC has been the subject of a number of other reports. ValuEngine raised shares of Colony Credit Real Estate from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. B. Riley initiated coverage on shares of Colony Credit Real Estate in a research note on Thursday, June 6th. They issued a “buy” rating and a $20.00 price target for the company. Finally, 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.

Colony Credit Real Estate stock opened at $13.09 on Monday. The company has a quick ratio of 4.68, a current ratio of 4.68 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $1.68 billion, a PE ratio of 18.70 and a beta of 0.45. The firm has a fifty day simple moving average of $15.34 and a two-hundred day simple moving average of $15.82. Colony Credit Real Estate has a twelve month low of $12.54 and a twelve month high of $23.23.

Colony Credit Real Estate (NYSE:CLNC) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.04). The firm had revenue of $23.93 million for the quarter, compared to the consensus estimate of $26.45 million. Colony Credit Real Estate had a negative net margin of 269.57% and a positive return on equity of 1.74%. As a group, equities analysts expect that Colony Credit Real Estate will post 1.24 earnings per share for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in the stock. Centaurus Financial Inc. grew its holdings in Colony Credit Real Estate by 7,415.9% in the second quarter. Centaurus Financial Inc. now owns 937,985 shares of the company’s stock worth $14,539,000 after purchasing an additional 925,505 shares during the period. Nuveen Asset Management LLC purchased a new stake in Colony Credit Real Estate in the second quarter worth about $5,435,000. HBK Investments L P grew its holdings in Colony Credit Real Estate by 36.6% in the second quarter. HBK Investments L P now owns 823,186 shares of the company’s stock worth $12,759,000 after purchasing an additional 220,754 shares during the period. Weiss Asset Management LP purchased a new stake in Colony Credit Real Estate in the first quarter worth about $2,875,000. Finally, Renaissance Technologies LLC purchased a new stake in Colony Credit Real Estate in the second quarter worth about $1,993,000. 25.44% of the stock is owned by institutional investors.

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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