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

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

Analysts have set a 12 month consensus target price of $20.50 for the company and are anticipating that the company will post $0.39 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Colony Credit Real Estate an industry rank of 164 out of 256 based on the ratings given to related companies.

A number of equities analysts have issued reports on the stock. ValuEngine raised shares of Colony Credit Real Estate from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. B. Riley assumed coverage on Colony Credit Real Estate in a report on Thursday, June 6th. They set a “buy” rating and a $20.00 target price on the stock. Finally, Zacks Investment Research raised Colony Credit Real Estate from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 16th.



A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in Colony Credit Real Estate by 1.2% during the second quarter. Vanguard Group Inc. now owns 7,575,923 shares of the company’s stock worth $117,427,000 after purchasing an additional 90,736 shares in the last quarter. Northern Trust Corp raised its holdings in Colony Credit Real Estate by 2.4% during the second quarter. Northern Trust Corp now owns 1,038,382 shares of the company’s stock worth $16,095,000 after purchasing an additional 24,072 shares in the last quarter. Centaurus Financial Inc. raised its holdings in Colony Credit Real Estate by 7,415.9% during 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 in 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 purchasing an additional 48,603 shares in the last quarter. Finally, HBK Investments L P raised its holdings in Colony Credit Real Estate by 36.6% during 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 in the last quarter. 25.32% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:CLNC traded down $0.03 during mid-day trading on Friday, reaching $12.85. The stock had a trading volume of 5,178 shares, compared to its average volume of 258,597. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of 18.31 and a beta of 0.45. Colony Credit Real Estate has a 1-year low of $12.54 and a 1-year high of $23.23. The stock’s 50 day simple moving average is $15.58 and its two-hundred day simple moving average is $15.89. The company has a debt-to-equity ratio of 0.69, a current ratio of 4.68 and a quick ratio of 4.69.

Colony Credit Real Estate (NYSE:CLNC) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.28 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.04). Colony Credit Real Estate had a positive return on equity of 1.74% and a negative net margin of 269.57%. The firm had revenue of $23.93 million during the quarter, compared to analyst estimates of $26.45 million. Sell-side analysts anticipate that Colony Credit Real Estate will post 1.24 EPS for the current fiscal year.

The company also recently announced a monthly dividend, which will be paid on Tuesday, September 10th. Investors of record on Saturday, August 31st will be issued a dividend of $0.145 per share. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $1.74 annualized dividend and a yield of 13.54%. Colony Credit Real Estate’s payout ratio is 248.57%.

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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