Zacks: Colony Credit Real Estate Inc (NYSE:CLNC) Given $20.50 Consensus Price Target by Analysts

Shares of Colony Credit Real Estate Inc (NYSE:CLNC) have been given an average broker rating score of 1.50 (Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. Colony Credit Real Estate’s rating score has improved by 25% from 90 days ago as a result of various analysts’ ratings changes.

Brokers have set a 1-year consensus target price of $20.50 for the company and are forecasting that the company will post $0.32 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Colony Credit Real Estate an industry rank of 218 out of 256 based on the ratings given to its competitors.

CLNC has been the topic of several research analyst reports. B. Riley set a $2.00 price objective on shares of Dynagas LNG Partners and gave the company a “hold” rating in a report on Thursday, June 6th. Zacks Investment Research lowered shares of Haynes International from a “hold” rating to a “sell” rating in a report on Wednesday, May 8th.



CLNC stock traded down $0.04 during midday trading on Thursday, reaching $15.61. The stock had a trading volume of 229,060 shares, compared to its average volume of 278,131. The firm has a fifty day moving average price of $15.55. The company has a current ratio of 4.69, a quick ratio of 4.69 and a debt-to-equity ratio of 0.51. The stock has a market cap of $2.01 billion, a P/E ratio of 22.30 and a beta of 0.44. Colony Credit Real Estate has a 52-week low of $15.10 and a 52-week high of $23.23.

Colony Credit Real Estate (NYSE:CLNC) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.19). The firm had revenue of $21.96 million during the quarter, compared to analysts’ expectations 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%. On average, analysts predict that Colony Credit Real Estate will post 1.24 EPS for the current fiscal year.

The business also recently disclosed a monthly dividend, which was paid on Wednesday, July 10th. Investors of record on Sunday, June 30th were issued a $0.145 dividend. The ex-dividend date was Thursday, June 27th. This represents a $1.74 annualized dividend and a yield of 11.15%. Colony Credit Real Estate’s dividend payout ratio (DPR) is currently 248.57%.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Wealth & Pension Services Group Inc. raised its holdings in Colony Credit Real Estate by 0.8% in the 1st quarter. Wealth & Pension Services Group Inc. now owns 90,562 shares of the company’s stock valued at $1,418,000 after buying an additional 741 shares during the period. WealthPLAN Partners LLC grew its position in Colony Credit Real Estate by 0.6% in the 4th quarter. WealthPLAN Partners LLC now owns 180,802 shares of the company’s stock valued at $3,157,000 after acquiring an additional 991 shares in the last quarter. Crewe Advisors LLC acquired a new position in Colony Credit Real Estate in the 1st quarter valued at about $25,000. Advisory Alpha LLC acquired a new position in Colony Credit Real Estate in the 1st quarter valued at about $27,000. Finally, CWM LLC grew its position in Colony Credit Real Estate by 47.6% in the 1st quarter. CWM LLC now owns 6,060 shares of the company’s stock valued at $95,000 after acquiring an additional 1,954 shares in the last quarter. Hedge funds and other institutional investors own 26.06% of the company’s stock.

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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