Colony Credit Real Estate (NYSE:CLNC) announced its quarterly earnings results on Tuesday. The company reported $0.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.05), MarketWatch Earnings reports. The business had revenue of $29.96 million during the quarter, compared to the consensus estimate of $126.10 million.
NYSE:CLNC traded down $0.05 on Wednesday, hitting $19.92. 274,501 shares of the stock were exchanged, compared to its average volume of 476,168. The company has a debt-to-equity ratio of 0.29, a quick ratio of 6.73 and a current ratio of 6.73. Colony Credit Real Estate has a fifty-two week low of $17.66 and a fifty-two week high of $23.23.
The company also recently declared a monthly dividend, which will be paid on Monday, December 10th. Shareholders of record on Friday, November 30th will be paid a dividend of $0.145 per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $1.74 annualized dividend and a yield of 8.73%.
Large investors have recently made changes to their positions in the business. CWM LLC grew its stake in shares of Colony Credit Real Estate by 185.4% in the third quarter. CWM LLC now owns 4,891 shares of the company’s stock valued at $108,000 after buying an additional 3,177 shares in the last quarter. Moneta Group Investment Advisors LLC acquired a new stake in shares of Colony Credit Real Estate in the second quarter valued at about $102,000. Wells Fargo & Company MN acquired a new stake in shares of Colony Credit Real Estate in the first quarter valued at about $101,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Colony Credit Real Estate in the second quarter valued at about $119,000. Finally, Bank of Montreal Can grew its stake in shares of Colony Credit Real Estate by 1,010.4% in the third quarter. Bank of Montreal Can now owns 6,618 shares of the company’s stock valued at $146,000 after buying an additional 6,022 shares in the last quarter. Institutional investors own 17.17% of the company’s stock.
Separately, Zacks Investment Research upgraded Colony Credit Real Estate from a “strong sell” rating to a “hold” rating in a research note on Monday, October 15th.
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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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