Raymond James Trims Colony Credit Real Estate (NYSE:CLNC) Target Price to $18.00

Colony Credit Real Estate (NYSE:CLNC) had its price objective reduced by Raymond James to $18.00 in a research note published on Monday, The Fly reports. They currently have an outperform rating on the stock.

Other equities research analysts have also issued research reports about the stock. B. Riley began 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 objective for the company. ValuEngine raised shares of Colony Credit Real Estate from a hold rating to a buy rating in a research note on Tuesday, August 6th. Finally, Zacks Investment Research raised shares of Colony Credit Real Estate from a strong sell rating to a hold rating in a research report on Tuesday, July 16th.

CLNC stock opened at $12.82 on Monday. The company has a current ratio of 4.68, a quick ratio of 4.68 and a debt-to-equity ratio of 0.69. Colony Credit Real Estate has a 1 year low of $12.54 and a 1 year high of $23.23. The company has a fifty day simple moving average of $15.28 and a 200 day simple moving average of $15.80. The firm has a market cap of $1.68 billion, a PE ratio of 18.31 and a beta of 0.45.



Colony Credit Real Estate (NYSE:CLNC) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.04). Colony Credit Real Estate had a negative net margin of 269.57% and a positive return on equity of 1.74%. The business had revenue of $23.93 million during the quarter, compared to analyst estimates of $26.45 million. As a group, analysts forecast that Colony Credit Real Estate will post 1.17 EPS for the current fiscal year.

The company also recently announced a monthly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Saturday, August 31st will be given a dividend of $0.145 per share. This represents a $1.74 dividend on an annualized basis and a yield of 13.57%. The ex-dividend date of this dividend is Thursday, August 29th. Colony Credit Real Estate’s dividend payout ratio is 248.57%.

Institutional investors have recently added to or reduced their stakes in the business. Crewe Advisors LLC acquired a new position in Colony Credit Real Estate during the 1st quarter worth $25,000. Advisory Alpha LLC acquired a new position in Colony Credit Real Estate during the 1st quarter worth $27,000. Aperio Group LLC acquired a new position in Colony Credit Real Estate during the 2nd quarter worth $30,000. US Bancorp DE acquired a new position in Colony Credit Real Estate during the 2nd quarter worth $53,000. Finally, Steward Partners Investment Advisory LLC acquired a new position in Colony Credit Real Estate during the 2nd quarter worth $86,000. 25.44% of the stock is owned by hedge funds and other 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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